Manchester United Q3 Loss Sharply Widens, But Reiterates FY24 Revenue Outlook

RTTNews | 365 days ago
Stocktwits
Manchester United Q3 Loss Sharply Widens, But Reiterates FY24 Revenue Outlook

(RTTNews) - Manchester United (MANU) announced Wednesday a third-quarter net loss of 71.4 million British pounds or 43.12 pence per basic share, sharply wider than 5.6 million pounds or 3.40 pence per basic share in the prior-year quarter.

Excluding items, adjusted loss per basic share for the quarter was 24.47 pence, compared to adjusted loss per basic share of 7.41 pence in the year-ago quarter.

Total revenues for the quarter declined 19.6 percent to 136.7 pounds from 170.0 pounds in the same quarter last year.

Broadcasting revenue dipped 26.0 percent to 37.5 million pounds and matchday revenue slipped 40.7 percent to 29.6 million pounds, while commercial revenue edged up 0.3 percent to 69.6 million pounds from last year.

Looking ahead to fiscal 2024, the company reiterates its previous revenue guidance of 635 million pounds to 665 million pounds and its previous adjusted EBITDA guidance of 125 million pounds to 150 million pounds.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: MANU
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Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, gathering almost 140 points or 2 percent along the way. The Jakarta Composite Index now sits just above the 7,000-point plateau and it's looking at a steady start again on Friday.
RTTNews | 5 minutes ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

Reversing the losses in the previous session, the Japanese market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 39,700 level, with gains in exporters and technology stocks.
RTTNews | 15 minutes ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just beneath the 24,030-point plateau and it may see additional support on Friday.
RTTNews | 20 minutes ago
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,600 level, with gains in iron ore miner stocks partially offset by weakness in gold miner and financial stocks.
RTTNews | 35 minutes ago
China Bourse May Extend Thursday's Gains

China Bourse May Extend Thursday's Gains

The China stock market bounced higher again on Thursday, one day after snapping the four-day winning streak in which it had risen almost 45 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,510-point plateau and it may add to its winnings on Friday.
RTTNews | 35 minutes ago
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