Manchester United have posted revenues of £163.9m for the quarter ending 31 December 2017.
The figures show growth of 4% on the same time 2017, boosted by increased broadcast revenues despite falls in commercial revenues.
Commercial revenue for the quarter was £65.4m, a decrease of £1.4m, or 2.1%, over the prior year quarter whilst sponsorship revenue was £39.4m, a decrease of £1.3m, or 3.2%. Retail, Merchandising, Apparel & Product Licensing revenue for the quarter was £26.0m, decreasing £0.1m, or 0.4% over the prior year quarter.
Matchday revenue for the quarter decreased £1.7m, or 4.4% to £36.9m, primarily due to playing two fewer domestic cup home games.
Despite the losses elsewhere, broadcasting revenue stood at £61.6m, an increase of £9.1m, or 17.3%, over the prior year quarter, primarily due to participation in the UEFA Champions League and two additional PL games broadcast live.
Speaking of the results, Ed Woodward, Executive Vice Chairman, commented: “Our solid business model has allowed us to invest in the future of the club with the extension of Jose Mourinho’s contract as manager and the acquisition of Alexis Sanchez. We look forward to the remainder of the season with confidence.”
Manchester United’s outlook for 2018 anticipates revenues to be £575m to £585m and adjusted EBITDA standing at £175m to £185m.