Manchester United Ltd. (NYSE:MANU) posted second-quarter fiscal 2026 results on Wednesday.
The club posted quarterly net sales of 190.31 million pounds ($253.13 million), down from 198.70 million pounds a year earlier and falling well short of the Street’s $301.52 million estimate.
Overall revenue declined 4.2% year over year, weighed down by a 7.8% drop in commercial revenue and a 4.8% fall in matchday income, partially offset by a modest 1.1% increase in broadcasting revenue.
Profitability Metrics
The company clocked a quarterly operating profit of 19.6 million pounds, up from 3.1 million pounds in the same period last year.
Adjusted EBITDA reached 76.0 million pounds, a 7.8% increase.
The company reported adjusted earnings of …