MANU - Why Manchester United Shares Are Gaining After Q2 Results | Benzinga
Manchester United Ltd. (NYSE:MANU) shares are trading higher in the premarket session on Tuesday.
Quarterly revenue of $280.28 million beats the street view of $222.43 million.
Revenues were driven primarily by UEFA Champions League participation benefits and continued Matchday momentum with attendance for all teams, the company said in a press release.
Commercial revenue for the quarter fell 8.8% year over year, Broadcasting revenue jumped 81%, and Matchday revenue gained 59.2%.
Total operating expenses for the quarter were £198.7 million, an ...