Manchester United Q4 Earnings: Topline Decline, Broadcasting Takes Major Hit & More
Portfolio Pulse from Anusuya Lahiri
Manchester United PLC reported a 15% decline in Q4 2024 sales, missing analyst estimates. Broadcasting revenue fell significantly, while commercial revenue saw a slight increase. The company reported an operating loss and a larger adjusted EPS loss than expected. Despite a business transformation plan, the stock is down 3.59% premarket.
September 11, 2024 | 12:59 pm
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Manchester United PLC's Q4 2024 earnings report shows a 15% sales decline, missing analyst estimates. Broadcasting revenue dropped 40.5%, leading to a significant operating loss and a larger adjusted EPS loss than expected. The stock is down 3.59% premarket.
The significant decline in broadcasting revenue and the overall sales miss against analyst expectations are likely to negatively impact investor sentiment. The larger-than-expected EPS loss further compounds the negative outlook, contributing to the premarket stock decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100