Manchester United Posts Loss In Q3, Lifts FY EBITDA Guidance - Quick Facts

(RTTNews) - English football giant Manchester United Plc. (MANU) Thursday said third-quarter loss totaled 2.87 million pounds or 1.75 pence per share, compared to profit of 10.91 million pounds or 6.66 pence per share in the previous year.

Adjusted loss per share was 4.34 pence, compared to earnings of 7.93 per share last year.

Loss before tax was 11.43 million pounds, compared to profit of 20.43 million pounds last year.

Total revenue fell to 95.0 million pounds from 115.5 million pounds. Commercial revenue increased 11.7 percent to 47.8 milion pounds, while Broadcasting revenue fell 39 percent to 21.7 million pounds. Matchday revenue was 31.3 percent lower at 25.5 million pounds.

Ed Woodward, Executive Vice Chairman, said, "Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from £90-£95 million to £103-£110 million. As the season approaches its conclusion, we are pleased with the team's performance in Louis van Gaal's first season as manager and are well positioned to achieve a top four finish in the Premier League and to return to European football next year."

For fiscal 2015, Manchester United expects revenue to be 385 million pounds to 395 million pounds.