Categories Earnings, Other Industries

Manchester United (NYSE: MANU): Q1 2020 Earnings Snapshot

— Soccer club Manchester United (NYSE: MANU) reported adjusted earnings of 2.35 pence per share for the first quarter of 2020, vs. a 3.42 pence per share loss expected.

— Unadjusted net profit was £1.13 million or 0.68 pence per share, compared to £6.65 million or 4.04 pence per share last year

— Revenues were broadly flat at £135.4 million, vs. £172.2 million expected; commercial revenue rose 6% to £80.4 million

— First-quarter adjusted EBITDA was £34.8 million, compared to £29.4 million a year earlier

— Expects revenues in the range £560 million to £580 million for fiscal 2020, and adjusted EBITDA between £155 million and £165 million

— Announced new long-term contracts with recent Academy graduates, Mason Greenwood and Brandon Williams

— Entered into new partnerships with Visit Malta, Lego, Konami and Yabo Sport

— To pay semi-annual cash dividend of $0.09 per share on January 6, 2020, to shareholders of record on December 2, 2019.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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