Manchester United Cuts FY24 Adj EBITDA Outlook From £140M - £165M To £125 - £150M
Portfolio Pulse from Benzinga Newsdesk
Manchester United has revised its FY24 adjusted EBITDA forecast downwards from the range of £140M - £165M to £125M - £150M.
January 17, 2024 | 11:11 am
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Manchester United has lowered its adjusted EBITDA outlook for FY24, indicating potential challenges ahead that may affect profitability.
The reduction in Manchester United's EBITDA outlook is a direct indicator of expected lower profitability or financial challenges, which is typically perceived negatively by investors. This could lead to a decrease in stock price in the short term as the market adjusts to the new forecast.
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