Manchester United posted a £14 million drop in revenue to £143.1 million for the first fiscal quarter, reflecting the financial consequences of failing to qualify for the Champions League. But the club reported a net profit of £1.4 million, a dramatic reversal from a £25.8 million loss in the same period last year, reflecting the beneficial impact of favorable foreign exchange rates.
Last season’s eighth-place Premier League finish under previous boss Erik ten Hag—the worst-ever placing by United—was reflected in a 20.4% decline in broadcasting revenue to £31.3 m. FA Cup winners United are playing in the less lucrative Europa League this term, which has helped account for a 5.6% decrease in commercial revenue to £85.3m and a 3.3% drop in matchday revenue to £26.5m.
United also announced £8.6 million of exceptional costs, mainly related to restructuring, including a redundancy program that will affect around 250 jobs. The moves were led by INEOS, which acquired control of the football operations in the beginning of the year as part of British billionaire Jim Ratcliffe.
Chief executive Omar Berrada also confirmed progress on cost-cutting measures and ongoing reviews for upgrades at the Carrington training ground and potential redevelopment of Old Trafford.
United forecasted total revenue of £650–£670 million for the 2025 fiscal year. On the pitch, new manager Ruben Amorim looks to revive fortunes, as United sit 12th in the Premier League.
