Manchester United sets strong revenue guidance

|About: Manchester United Ltd. (MANU)|By:, SA News Editor

Manchester United (NYSE:MANU) reports commercial revenue jumped 42% to £71M in FQ4.

Broadcasting revenue increased 17% to £47.7M.

Matchday revenue +13% to £21.6M with the club's participation in the domestic cup and UEFA competitions a factor.

Manchester's revenue for the full year of £515.3M was the most for any English football club in history.

Looking ahead, Manchester United expects revenue of £530M-£540M and adjusted EBITDA of £170M-£180M for FY17.

Previously: Manchester United misses by 1.20p, beats on revenue (Sept. 12)

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