Manchester United reported $246.9 million in second-quarter revenue, surpassing analysts’ estimates by 6.7% and jumping 2.9% from the same period last year.
While overall revenue increased from last year’s $228.32 million, some divisions did better than others.
Broadcasting revenue fell 20.5% to $115.1 million due to fewer games, while matchday revenue jumped 2,206.7% to $46.1 million thanks to full-capacity crowds at Old Trafford — there was no in-person attendance the year prior.
Commercial revenue grew 2.9%, though its subdivisions were split.
Sponsorship fell 6.9% year-over-year to $46.9 million, primarily attributed to the end of the club’s training kit deal in May 2021.
Retail, merchandising, apparel, and product licensing grew 17.7% to $38.9 million. The club credits the increase to higher Megastore and e-commerce revenues, supported by new player signings.
Man U’s net debt as of Dec. 31, 2021 is $658.7 million, but the club seems to be optimistic ahead of hosting the UEFA Women’s Euro 2022 in July.
