Manchester United report record Premier League revenue

Manchester United recorded £583.2 million in revenue during the last term

At Manchester United, full-year revenues have surged to about £650 million, but pre-tax deficits have dramatically decreased.

The Premier League team recorded record income for the 12 months ending June 30, 2023, of £648.4 million, up from £583.2 million in the previous quarter.

While broadcasting income decreased 2.7% to £209.1m, commercial revenue increased 17.5% to £302.9m.

Matchday earnings rose to £136.4 million from £110.5 million. While adjusted EBITDA increased from £81.1m to £154.9m, pre-tax losses decreased from £149m to £32.6m.

The company is announcing an updated adjusted EBITDA forecast of £140 million to £165 million and new sales guidance of £650 million to £680 million for FY2024.

The results pertain to the 2022–2023 season, when Manchester United's men's squad won the EFL Cup, placed third in the Premier League, finished second in the FA Cup, and advanced to the quarterfinals of the UEFA Europa League.

Manchester United stated in September that starting with the upcoming season, technology company Qualcomm's brand, Snapdragon, will serve as their primary front-of-shirt sponsor. Starting with the 2024–2025 season, the Premier League team will use the Snapdragon emblem on their stadium, away, and third jerseys.

TeamViewer is presently United's sponsor. Since the 2021–2022 season, their shirts have been branded, with DXC Technology taking over as the sleeve partner from Kohler in the previous season.

Adidas and United reached an agreement in July for a minimum of £900 million. For a further ten years, the athletic apparel juggernaut will serve as the Old Trafford club's official kit supplier.