Manchester United reports Q2 adjusted EBITDA GBP 23.6M vs. GBP 11.2M y/y

Reports Q2 total revenue GBP 143.7M vs. GBP 126.5M y/y. For FY23, the Company is raising its guidance and expects total revenues to be within a range of GBP 590 million to GBP 610 million, driven by strong Matchday revenues, and adjusted EBITDA to be within a range of GBP 125 million to GBP 140 million, as a result of reduced player wage costs. Quarterly results are impacted by the postponement of two Premier League games, which were due to be played in first quarter and were delayed due to the Queen’s passing, as well as the timing of the 2022 FIFA Men’s World Cup, which began 20 November 2022 and continues to 18 December 2022.