Manchester United misses single estimate on top and bottom lines; lowers guidance (21.20)
- Reports Q1 EPS of (GBP0.05) vs GBP0.03 single estimate; revs of GBP157.1 mln vs GBP175.0 mln single estimate
- Outlook
- For fiscal 2024, the Company is forecasting revenue guidance to be within a range of £635 million to £665 million from prior guidance of £650 million to £680 million and adjusted EBITDA guidance to be within a range of £125 million to £150 million from prior guidance of £140 million to £165 million, owing to the early Champions League exit and related reduction in Broadcasting revenues.