Manchester United have shared their first quarter financial results, confirming total revenue up to September 30 was £143.1million, including a profit of £1.3m compared to a £32.8m loss during the same period last year.
United have confirmed they have encountered a reduction in commercial revenue as a result of having a smaller scale pre-season tour. United, for the second year running, visited the United States, but played just three friendlies, facing Arsenal, Real Betis and Liverpool. They played five friendlies in total in comparison to they eight they fulfilled ahead of 2023/24.
As a result, their commercial revenue for the first quarter was £85.3m – a reduction of 5.6 per cent from the first quarter in 2023.
The club has also announced a loss in broadcast revenue in comparison to the first quarter last year, with revenue from the new-look Europa League format earning United £31.3m from the first quarter.
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United, of course, participated in the Champions League last season and the financial rewards for competing in Europe’s premier club competition are more lucrative. United secured £39.3m from broadcast revenue in the first quarter last season, highlighting a 20.4 per cent reduction.
The matchday revenue earned from the first quarter has stronger parallels with the figure earned from the first quarter 12 months ago, with United earning £26.5m. They banked £27.4m last year, marking a reduction of just 3.3 per cent.
Total revenue from the first quarter stands at £141.3m in comparison to a figure of £157.1m in 2023.
United chief executive Omar Berrada said: “The season is now well underway for both our men’s and women’s team, and we are keen to ensure both are as competitive as possible.
“We are delighted to have appointed Ruben Amorim as head coach of our men’s team and remain committed to returning Manchester United to the top of domestic and European football. Our cost and headcount reductions remain on track, and we are pleased to have seen further commercial traction, and welcome new partner Heineken, through their Tiger brand. Our renovation of the Carrington Training Centre is progressing well, while the Old Trafford Regeneration Task Force continues its work.
“Once it has delivered its recommendations, we will then take some time to digest them and evaluate all our options in the upcoming year.”
United have confirmed that nothing within the figures relates to any events beyond September 30, meaning the cost of Erik ten Hag’s dismissal on October 28 has not been included within the first quarter, likewise the release clause paid to Sporting Lisbon for Amorim.
