Manchester United (MANU) reported earnings on Tue 25 Sept 18 (b/o)

** charts after earnings **

 

Manchester United misses by GBP 0.02, beats on revs; guides FY19 revs in-line 

• Reports Q4 (Jun) loss of GBP0.01 per share, excluding non-recurring items, GBP0.02 worse than the single analyst estimate of GBP0.01; revenues fell 16.4% year/year to GBP147.1 mln vs the GBP141.93 mln S&P Capital IQ Consensus. Commercial revenue for the year was 276.1 million, an increase of 0.6 million, or 0.2%, over the prior year. Adjusted EBITDA of 177.1 million.
• Co issues in-line guidance for FY19, sees FY19 revs of GBP 615-630 mln vs. GBP625.11 mln S&P Capital IQ Consensus. Co sees FY19 adjusted EBITDA of GBP 175-190 mln.