Manchester United's Fiscal Year 2026 Q1 Financial Results: Resilience, Progress, and Sustainable Growth
Manchester United has released its financial results for the first quarter of the 2026 fiscal year, ending on September 30, 2025. The Chief Executive Officer, Omar Berrada, highlighted the club's resilience and progress in transforming the organization. The club's strategic decisions have led to a more efficient and cost-effective structure, enabling investments in both the men's and women's teams, which are performing well in their respective leagues.
Looking ahead to fiscal 2026, Manchester United reaffirms its revenue guidance of £640 million to £660 million and adjusted EBITDA guidance of £180 million to £200 million. The club remains committed to meeting the financial regulations set by the Premier League and UEFA to ensure sustainable operations.
In the first quarter, commercial revenue reached £84.2 million, showing a slight decrease of 1.3% compared to the previous year. Matchday revenue was £22.2 million, down by 3.7% due to fewer home games played during the quarter. Broadcasting revenue increased by 2.6% to £47.6 million, driven by higher broadcasting rights fees.
Operating expenses for the quarter were £123.6 million, a decrease of 6.2% year-over-year, primarily due to lower matchday costs and reduced player wages. The club's net debt stood at £494.8 million as of September 30, 2025, reflecting a decrease of £23.3 million compared to the end of the previous fiscal year.
Manchester United's financial performance in the first quarter demonstrates the club's commitment to financial sustainability and operational efficiency. With a focus on driving both sporting and commercial success, the club continues to invest in its teams and infrastructure to deliver long-term value to its stakeholders.