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Benzinga
Benzinga
Business
Chris Katje

Manchester United Shares Fall On Earnings: How Champions League And Tezos Partnership Could Help Boost The Stock

Manchester United UEFA Champions League Tezos MANU Manchester United PLC NYSE

Soccer powerhouse Manchester United PLC (NYSE:MANU) reported fourth quarter and full fiscal year earnings Tuesday morning. While shares are falling on the report, there could be good news ahead.

What Happened: Manchester United reported a 7.3% year-over-year increase for total revenue in the fourth quarter. The quarter saw gains of 2.9% year-over-year and +2,206.7% for the commercial and matchday segments in the fourth quarter respectively. The broadcast segment reported a 20.5% year-over-year decline in the fourth quarter.

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