Manchester United Raises Forecast After Top Three Finish
Manchester United lifted its annual revenue forecast to 665 million pounds following a third-place Premier League finish. The club expects higher core profits as a return to the Champions League boosts broadcasting income, despite reporting a wider net loss for the third quarter.
MANCHESTER UNITED PLC-CL A raised its annual revenue forecast to between £655 million and £665 million following a third-place Premier League finish. Manchester United also increased its adjusted core profit outlook to a range of £200 million to £210 million. Returning to the Champions League secures lucrative broadcast rights and new sponsorship deals for the upcoming fiscal year.
### Champions League Return Drives Revenue Outlook Shares in the United States rose 5% to $20.71 during premarket trading. CEO Omar Berrada attributed the progress to business transformation initiatives and improved performance on the pitch in the United Kingdom.
