Manchester United Stock Surges 18% on Strong Financials and Compliance Confirmation
Manchester United Plc ($MANU) shares rallied 18.83% to $16.41 following robust Q3 earnings that showcased a 17.4% revenue growth to £160.5 million. The club's adjusted EBITDA skyrocketed 273.7% to £51.2 million, marking a significant turnaround from last year's losses.
Investors cheered the confirmation of compliance with Premier League Profit and Sustainability Rules, a critical factor for the stock's performance. Despite sporting disappointments, financial discipline and raised fiscal 2025 guidance are driving renewed market confidence.