Manchester United Ltd. (NYSE:MANU) stock rose Wednesday after the football club reported fiscal third-quarter 2026 results that topped revenue expectations and raised its full-year outlook.

Quarterly net sales increased to 189.5 million pounds ($255.4 million) from 160.5 million pounds a year earlier, exceeding Wall Street estimates of $167.1 million.

Total revenue climbed 18.1% year over year, supported by a 10.3% increase in commercial revenue and a 57.1% jump in broadcasting revenue. Matchday revenue, however, declined 5.2% from the prior-year period.

Profitability Improves

Operating profit for the quarter rose to 5.1 million pounds from 700,000 pounds a year earlier.

Adjusted EBITDA increased 65.4% to 84.7 million pounds.

The company reported adjusted earnings of 4 cents per share, below analysts' expectations of 7 cents per share.

Net finance costs increased to 20.3 million pounds from 3.76 million pounds a year earlier, primarily due to unfavorable foreign exchange movements. The club recorded a 10.3 million-pound unrealized foreign exchange loss tied to unhedged U.S. dollar borrowings.

Club Highlights Men's, Women's And Youth Progress

Chief Executive Omar Berrada said the club remained encouraged by progress on and off the pitch during the season.

Berrada highlighted the men's team finishing third in the Premier League and securing qualification for next season's UEFA Champions League. He also credited Michael Carrick for leading the team across 17 matches and confirmed he will remain head coach.

The company also pointed to progress in the women's team, which reached the UEFA Women's Champions League quarterfinals and the League Cup final for the first time, while also returning to the World Sevens Series.

At the academy level, the club said reaching both the FA Youth Cup and Premier League 2 playoff finals reflected its continued focus on youth development.

Outlook Raised

For fiscal 2026, Manchester United now expects revenue between 655 million pounds and 665 million pounds, compared with its prior forecast range of 640 million pounds to 660 million pounds. Analysts currently expect revenue of 653.4 million pounds.

The club also raised its adjusted EBITDA guidance to between 200 million pounds and 210 million pounds, up from its previous outlook of 180 million pounds to 200 million pounds.

MANU Price Action: Manchester United shares were up 12.68% at $22.22 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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