Man Utd earnings have more to like than dislike, says analyst
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Manchester United Plc's latest earnings report was mixed, with a 9% year-on-year revenue decline but a 2% increase in adjusted profit (EBITDA). Analysts at Jefferies found more positives than negatives in the report.
November 26, 2024 | 6:00 pm
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Manchester United Plc reported a 9% decline in revenue and a 2% increase in adjusted profit (EBITDA) for the quarter. Jefferies analysts view the report as having more positives than negatives.
Despite a revenue decline, the increase in EBITDA and positive analyst sentiment from Jefferies suggest a favorable short-term outlook for MANU. The mixed results, with more positives highlighted, could lead to a positive market reaction.
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