Manchester United Clocks 16% Revenue Growth In Q1

by Shivani Kumaresan, Benzinga Staff Writer

November 17, 2021 9:21 AM | 1 min read |

Manchester United PLC MANU reported first-quarter FY22 sales growth of 16% year-on-year, to £126.5 million.
Broadcasting revenue declined 9%, while Commercial revenue rose 7.9%, and the Matchday revenue jumped 1005.9%.
The operating loss for the quarter narrowed to £(10.2) million. Adjusted EBITDA decreased 46.2% to £11.2 million.
Adjusted basic loss per share for the period narrowed to (7.67) pence versus (15.12) pence last year.
The company held £98.7 million in cash and equivalents as of September 30, 2021. Net cash inflow from operating activities for the quarter was £63.6 million.
The net debt of the company as of September 30, 2021, was £439.7 million.
Price Action: MANU shares are trading higher by 1.38% at $16.12 on the last check Wednesday.

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