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home / news releases / MANU - Manchester United down 2% after revenue miss withdraws guidance

MANU - Manchester United down 2% after revenue miss withdraws guidance

Manchester United Ltd. Class A
  • Manchester United (NYSE:MANU) reports mixed Q3 results that missed on revenue and beat on EPS.
  • Q3 highlights: Total revenue of £123.7M (-18.7% Y/Y).
  • Revenue breakdown: Commercial, £68.6M (+3% Y/Y); Broadcasting, £26M (-51.7%); Matchday , £29.1M (+8.2%).
  • Adjusted EBITDA were £27.9M (-32.3%).
  • OpEx were £131.8M (-8.6%).
  • Net cash from operating activities was £26.3M (+18.4%).
  • The Company had £90.3M of cash balances together with access to an additional £150M available under the revolving credit facility.
  • Citing the uncertain economic environment due to the pandemic, MANU is withdrawing its previously issued Fiscal 2020 Revenue and Adjusted EBITDA guidance.
  • Previously: Manchester United EPS beats by £0.03, misses on revenue (May 21)
  • More news on: Manchester United plc, , Earnings news and commentary, Stocks on the move, Consumer stocks news,
Stock Information
Company Name: Manchester United Ltd. Class A
Stock Symbol: MANU
Market: NYSE
Website: manutd.com
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