Manchester United has revised its annual core profit forecast upward to a range between £180 million and £190 million, following a strong run to the Europa League final that significantly boosted the club’s revenues. This new guidance marks a substantial increase from the previous estimate of £145 million to £160 million in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA), which excludes player trading profits and finance costs.
Despite enduring their worst Premier League campaign in over 50 years, finishing 15th, United’s performance in the Europa League helped drive total revenue up by 17.4% to £160.5 million in the quarter ending March 31, 2025. Matchday revenue surged by more than 50% to £44.5 million, thanks to an increased number of home games. Operating costs fell by 20.4%, aided by a lower wage bill due to Europa League participation instead of the Champions League and player loan exits such as Marcus Rashford and Antony in January.
CEO Omar Berrada acknowledged the season’s difficulties but expressed optimism for the future: “We had a difficult season in the Premier League, which we all know fell below our standards and we have a clear expectation of improvement next season.” Meanwhile, manager Ruben Amorim has begun a significant squad rebuild, including the £62.5 million signing of Wolves forward Matheus Cunha and interest in Brentford’s Bryan Mbeumo.
Cost-cutting measures, including a redundancy program initiated by minority owner Jim Ratcliffe, have also contributed to improved financials. United reported a net loss of £2.7 million for the quarter, a marked improvement from a £71.5 million loss a year earlier, reflecting the club’s efforts to stabilize finances amid sporting challenges.
