10:35 AM EDT, 09/17/2025 (MT Newswires) -- Manchester United ( MANU ) expects revenue in fiscal 2026 to be lower than the prior year, while the UK soccer club's fourth-quarter loss narrowed as its topline improved.

Revenue is anticipated to be in a range of 640 million pounds ($873.7 million) to 660 million pounds ($901 million) for the franchise's ongoing fiscal year, it said Wednesday. Three analysts polled by FactSet expect revenue of 677.9 million pounds. In the 2025 fiscal year ended June 30, revenue edged up 0.7% to 666.5 million pounds.

The guidance includes improved revenue related to retail, merchandising and licensing, according to Manchester United ( MANU ). It projects a "slight uplift" in broadcasting revenue with forecast increased Premier League revenue offsetting the absence of any Union of European Football Associations, or UEFA, competition in fiscal 2026.

Adjusted earnings before interest, taxes, depreciation and amortization is pegged at 180 million pounds to 200 million pounds for the current fiscal year, reflecting reduced non-playing staff and lower operating costs. The metric climbed 24% to 182.8 million pounds in fiscal 2025.

"To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United ( MANU )," Chief Executive Omar Berrada said in a statement. The club's commercial business "remains strong," and it sees substantial potential for improved financial performance, according to Berrada.

The US-listed shares of the franchise declined 4.5% in Wednesday trade.

For the fiscal fourth quarter, revenue climbed 15% year over year to 164.1 million pounds. The company's adjusted loss narrowed to 0.03 pound a share from 0.16 pound the year before.

Commercial revenue, which accounts for about half of total revenue, jumped 24% to 88.2 million pounds, reflecting double-digit growth in sponsorship, as well as in retail, merchandising, apparel and product licensing.

Broadcasting revenue nudged up 0.8% to 38.7 million pounds as the men's first team reached the final of the UEFA Europa League, offsetting a lower-than-expected finish in the Premier League. Matchday revenue advanced 14%, mainly due to the club playing a UEFA Europa League quarter- and semi-final at home.

"As we settle into the 2025/26 season, we are working hard to improve the club in all areas," according to Berrada.

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