Manchester United Raised FY23 Revenue Outlook To £630M - £640M (£590M to £610M Prior), Adj. EBITDA Outlook £140M - £150M (£125M - £140M Prior)
Portfolio Pulse from Benzinga Newsdesk
Manchester United has raised its FY23 revenue outlook to a record £630M-£640M, up from the previous guidance of £590M-£610M, and increased its adjusted EBITDA outlook to £140M-£150M from £125M-£140M.
June 27, 2023 | 11:13 am
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POSITIVE IMPACT
Manchester United's raised FY23 revenue and adjusted EBITDA outlooks are likely to have a positive short-term impact on its stock price.
Manchester United's raised revenue and adjusted EBITDA outlooks for FY23 indicate strong financial performance, which is likely to be viewed positively by investors. This could lead to increased demand for the stock and a short-term rise in its price.
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