Manchester United posts smaller first-quarter loss on cost cuts

Shashwat Awasthi - Reuters - 26/11
Manchester United on Tuesday reported a smaller adjusted net loss for the first quarter of 2025, helped by cost cuts and benefits from favourable exchange rates.
Nov 26 (Reuters) - Manchester United (MANU.N), opens new tab on Tuesday reported a smaller adjusted net loss for the first quarter of 2025, helped by cost cuts and benefits from favourable exchange rates.
Adjusted net loss was 349,000 pounds ($439,007.10) for the three months ended Sept. 30, compared with a loss of 8.6 million pounds a year earlier. Revenue for the three months fell 9% to 143.1 million pounds.
Cost and headcount reductions remain on track, the club said.
The club also said a task force created in March to explore options to revitalise the Old Trafford area in Greater Manchester was still continuing its work.
"Once it has delivered its recommendations, we will then take some time to digest them and evaluate all our options in the upcoming ye...
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