Manchester United plc (NYSE: MANU) reported Q3 EPS of (GBP4.42), versus GBP4.72 reported last year. Revenue for the quarter came in at GBP123.1 million, versus GBP152.1 million reported last year.

Management Commentary

Ed Woodward, Executive Vice Chairman, commented, “Our focus remains on the health and well-being of our colleagues, fans and partners around the world and we are extremely proud of how those connected to the club have responded during this crisis. Since the start of the pandemic, Manchester United and our Foundation have provided assistance to hospitals, charities and schools in our communities, as well as support for frontline workers and vulnerable fans. These actions reflect our core values as a club and the resilience through adversity that we have demonstrated many times throughout our long history and will do so again to weather these current challenges. In that spirit, we look forward to the team safely returning to the pitch and building on the exciting momentum that Ole and the players had previously achieved, while taking all necessary steps to protect public health. Our thoughts remain with all those affected during this unprecedented time.”

Fiscal 2020 Guidance

The Company is withdrawing its previously issued Fiscal 2020 Revenue and Adjusted EBITDA guidance. Given ongoing uncertainty due to COVID-19 and the evolving related economic and financial consequences, the Company is not providing updated guidance at this time.

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