Manchester United, the English soccer giants, have posted record revenue for the 2025-26 financial year but saw overall losses increase by £10 million for the period.
The Premier League club’s revenue for the 12 months ending June 30 came to £677.6 million, up 1.7% from £666.5 million in the prior year.
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Annual revenue climbed despite the club not competing in European competition last season.
Despite the rise, Manchester United again posted an overall loss for the year of £43 million, compared to £33 million the year before.
The increase in revenue was driven by an uptick in broadcasting income, which was up by £33.9 million to £206.8 million (19.6%) this year due to a third-place finish in the Premier League, compared to 15th a year ago.
However, commercial revenue dropped by £16 million to £317.3 million, partly due to the lack of a training kit sponsor after the deal with blockchain platform Tezos came to an end. That contract was worth in the region of £20 million a year.
Additionally, Manchester United opted not to go on a pre-season tour this year after several players competed at the World Cup.
Sponsorship revenue was £160.5 million, a decrease of £27.9 million (or 14.8%), over the prior year.
Retail, merchandising, apparel and product licensing revenue was £156.8 million, up £11.9 million.
Matchday income also fell by £6.8 million to £153.5 million, with 10 fewer games at Old Trafford last season.
This season, the club has secured a training kit sponsor, bringing in betting brand Betway in a multi-year deal worth around £20 million annually, and recently unveiled financial technology company SumUp as its shirt sleeve sponsor.
Manchester United generated operating profit for the full year of £22.6 million, compared to an operating loss of £18.4 million in the prior year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year came in at a record level of £216.4 million, up £33.6 million, or 18.4%, from 2025.
The club’s debt has also continued to rise considerably. “Non-current borrowings” now stood at £577.6 million, up from £471.9 million a year ago.
In the fourth quarter of the year, total revenue was £157.5 million, down slightly on 2025 from of £164.1 million. The club put this down to phasing of Premier League matches and the prior year quarter containing a post-season tour and the UEFA Europa League final.
For the 2027 fiscal year, the top-flight outfit is projecting revenue of between £740 million and £760 million and adjusted EBITDA of between £205 million to £225 million.
Omar Berrada, Manchester United chief executive, said: “We are pleased to have secured record revenues and adjusted EBITDA which demonstrates the underlying strength of our business, particularly in a season without European football.
“This shows the direct impact of the work we have been doing over the past two years. It also proves Manchester United’s enduring popularity and commercial strength. While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable.
“Our other main area of focus is our plan to develop a new 100,000 seater stadium. We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium.”
