Manchester United Reports Revenue Decline but Posts First Quarterly Profit Since 2019

The club's absence from the Champions League and cost-cutting measures shaped its financial results for the first quarter of fiscal 2025.

Manchester United's revenue fell by 9% to £143.1 million ($180 million) for the quarter ending September 30, largely due to missing out on Champions League broadcasting revenues.
The club reported a net profit of £1.4 million ($1.7 million), its first quarterly profit since 2019, attributed to cost reductions and favorable foreign exchange rates.
Broadcasting revenue dropped 20.4% to £31.3 million, while commercial and matchday revenues also saw declines of 5.6% and 3.3%, respectively.
Cost-saving measures, including a planned reduction of 250 jobs and operational restructuring, remain on track under new ownership by Jim Ratcliffe's INEOS group.
Despite financial improvements, Manchester United sits 12th in the Premier League this season, following the recent appointment of Ruben Amorim as head coach after Erik ten Hag's dismissal.