MANCHESTER, England—Manchester United reported a net profit of 6.3 million pounds ($7.77 million) in its second quarterly fiscal results.
The English Premier League club, which is subject to takeover bids, on Thursday released its key financial figures for the three months ending Dec. 31, 2022.
United’s total revenue was 167.3 million pounds, down 9.8 percent year-on-year.
While the club’s commercial revenues of 78.7 million pounds were up by 22.2 percent year-on-year, it reported decreases in broadcasting and matchday revenues.
Broadcasting was 58.7 million pounds, which a decrease of 32.1 percent.
Matchday revenues totaled 29.9 million pounds, down by 13.6 percent.
United said broadcasting revenues were down “primarily due to the men’s first team participating in the UEFA Europa League compared to the UEFA Champions League in the prior year.”…