Manchester United plc
MANU
$15.67 -0.19%
Exchange: NYSE | Sector: Communication Services | Industry: Entertainment
Q2 2024
Published: Mar 13, 2024

Earnings Highlights

  • Revenue of $225.76M up 32.8% year-over-year
  • EPS of $0.12 increased by 452.9% from previous year
  • Gross margin of 90.4%
  • Net income of 20.37M
  • "Transcript not available for QQ2 2024." - N/A
MANU
Company MANU

Executive Summary

Overview of QQ2 2024 results shows solid top-line momentum and meaningful margin strength anchored by a high gross margin of 90.37% and EBITDA of GBP 96.94 million. Revenue reached GBP 225.76 million, up 32.76% year-over-year (YoY) and 43.71% quarter-over-quarter (QoQ), with net income of GBP 20.37 million and basic earnings per share (EPS) of GBP 0.12. Despite the earnings strength, the company reports negative free cash flow and a substantial net debt load, underscoring working capital volatility and capital structure considerations. Management commentary (where available) emphasizes brand monetization, licensing, and direct-to-consumer initiatives as growth vectors, but no formal full-year guidance is provided in the disclosed materials. The result is a earnings growth story tempered by liquidity and balance sheet legacy, with several strategic levers to monitor in the near term.

Key Performance Indicators

Revenue
Increasing
225.76M
QoQ: 43.71% | YoY: 32.76%
Gross Profit
Increasing
204.03M
90.37% margin
QoQ: 29.87% | YoY: 42.52%
Operating Income
Increasing
27.49M
QoQ: 1 414.82% | YoY: 687.73%
Net Income
Increasing
20.37M
QoQ: 179.10% | YoY: 467.30%
EPS
Increasing
0.12
QoQ: 175.00% | YoY: 452.94%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 198.70 -0.16 -12.0% View
Q1 2025 143.07 0.01 -8.9% View
Q4 2024 142.21 -0.22 -15.0% View
Q3 2024 136.69 -0.43 -18.3% View
Q2 2024 225.76 0.12 +32.8% View