Core Viewpoint - Manchester United plc reported a fourth-quarter net loss, but revenue increased significantly, indicating mixed financial performance [1] Financial Performance - The company reported a fourth-quarter net loss of 3.9 million pounds, or 2.26 pence per share, compared to a loss of 36.3 million pounds, or 21.44 pence per share, in the previous year [1] - Revenue rose by 15.4 percent to 164.1 million pounds, driven by strong growth in commercial, broadcasting, and matchday revenue [1] Stock Performance - The stock price fell by 7.58 percent to $15.16, down $1.24, after the earnings report [1] - The stock opened at $15.65 and traded within a range of $14.59 to $15.80, compared to a prior close of $16.41 on the New York Stock Exchange [1] - Trading volume reached 1.0 million shares, significantly above the average of 289,193 shares [2] - The stock is currently trading within a 52-week range of $12.05 to $19.65 [2]

Market Overview - The S&P 500 Index is down -0.17%, while the Dow Jones Industrials Index is up +0.77%, and the Nasdaq 100 Index is down -0.80% [1] - Weakness in chipmakers, particularly Nvidia, which is down more than -2%, is impacting the broader market due to regulatory actions from China's Cyberspace Administration [2][11] - The overall market is negatively affected by the decline in major technology stocks, with Amazon, Tesla, and Meta Platforms all down more than -1% [12] Economic Indicators - US housing news showed weaker-than-expected results, with August housing starts falling -8.5% month-over-month to 1.307 million, below expectations of 1.365 million [3] - Building permits also fell unexpectedly by -3.7% month-over-month to a 5.25-year low of 1.312 million, against expectations of an increase [3] - MBA mortgage applications rose +29.7% in the week ended September 12, with refinancing applications up +57.7% [4] Federal Reserve Actions - The Federal Reserve approved a quarter-percentage-point rate cut and indicated two additional cuts are expected before the end of the year due to concerns over the labor market [1][5] - The market anticipates a total of about 70 basis points in rate cuts by year-end, with a focus on the Fed's new economic forecasts [5] Company-Specific Developments - Uber Technologies is down more than -4% following insider selling by CEO Khosrowshahi, who sold $28.6 million in shares [13] - Manchester United reported a Q4 loss and cut its 2026 revenue outlook, leading to a decline of more than -6% in its stock [12] - Roivant Sciences is up more than +12% after its drug met primary endpoints in a Phase 3 trial [14] - Workday is up more than +8% after an upgrade from Guggenheim Securities [14] - Walmart is up more than +2% following a price target increase from Bank of America [15]

Core Viewpoint - Manchester United's fourth-quarter results fell short of market expectations, leading to a decline in share prices despite an increase in net sales compared to the previous year [1] Financial Performance - Quarterly net sales reached 164.1 million pounds ($219.04 million), up from 142.2 million pounds a year earlier, but below the expected $225.80 million [1] - Total revenue increased by 15.4%, driven by stronger commercial and matchday income, although broadcasting revenue saw a decline [1][3] - Commercial revenue grew by 10% year-on-year, while matchday revenue surged by 16.9%, attributed to five additional home matches and high demand for hospitality services [2] - Broadcasting revenue fell by 22%, as the men's first team participated in the UEFA Europa League instead of the more lucrative UEFA Champions League [3] - Operating loss narrowed to 15.2 million pounds from 32.4 million pounds in the same period last year, with adjusted EBITDA nearly doubling to 37.5 million pounds, a 94.3% increase [4] - The company reported a quarterly net loss of 4 cents per share, which was narrower than the projected loss of 6 cents [4] Strategic Initiatives - The CEO indicated that the club has strengthened both the men's and women's first-team squads over the summer for long-term development [4] - Significant investments were made in infrastructure, including the completion of a 50 million pounds redevelopment of the men's first-team building at Carrington [4] - Ongoing planning aims to develop a new stadium at Old Trafford [4] Future Outlook - For fiscal 2026, Manchester United forecasts revenue between 640 million pounds and 660 million pounds, which is below analysts' expectations of 681.9 million pounds [6] - Adjusted EBITDA is projected to be in the range of 180 million pounds to 200 million pounds [6]

Core Insights - Manchester United reported a quarterly loss of $0.04 per share, outperforming the Zacks Consensus Estimate of a loss of $0.09, and showing improvement from a loss of $0.20 per share a year ago [1] - The company achieved an earnings surprise of +55.56% and had previously been expected to post a loss of $0.33 per share, resulting in a surprise of +87.88% [1][2] - Revenue for the quarter was $219.2 million, missing the Zacks Consensus Estimate by 2.92%, but up from $179.43 million year-over-year [2] Financial Performance - Over the last four quarters, Manchester United has exceeded consensus EPS estimates four times [2] - The company has only surpassed consensus revenue estimates once in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is breakeven on revenues of $214.99 million, and -$0.17 on revenues of $992.45 million for the current fiscal year [7] Market Position - Manchester United shares have declined approximately 5.4% year-to-date, contrasting with the S&P 500's gain of 12.3% [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Leisure and Recreation Services industry, to which Manchester United belongs, is ranked in the top 42% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

财报公布后，曼联股价在美股盘前交易中一度下跌12%。 这些业绩凸显了该俱乐部因赛场表现持续低迷而遭受的冲击，并加剧了人们对该俱乐部难以弥补亏损的 担忧。 智通财经APP获悉，由于营收停滞不前、亏损持续，曼联(MANU.US)股价盘前暴跌。这家由格雷泽家 族和英国亿万富翁吉姆·拉特利夫所有的俱乐部宣布，在截至2025年6月的2025财年，其营收为6.665亿英 镑(约合9.1亿美元)，同比增长0.7%;亏损3300万英镑，上年亏损1.132亿英镑。 这家英格兰足球俱乐部预计，2026财年的营收将在6.4亿英镑至6.6亿英镑之间。 数据显示，曼联2025财年商业营收增长10%，达到创纪录的3.333亿英镑，但转播营收下降了22%，这反 映了其在联赛中的低排名状况。 尽管今年的亏损有所减少，但过去五年的亏损额仍高达约3亿英镑。持续的资金外流促使拉特利夫最近 警告俱乐部资金即将耗尽。此外，该俱乐部还计划建造一座可容纳10万人的巨型体育场。 拉特利夫的主要业务——石油化工集团英力士也面临压力。本周早些时候，穆迪评级将该公司的信用评 级下调至高度投机级别，理由是这家石化制造商的运营业绩不断恶化，各项指标疲软。 衰落的巨人 ...

Group 1 - General Mills Inc. is expected to report quarterly earnings of 81 cents per share on revenue of $4.51 billion [2] - Diversified Energy Company PLC announced a proposed secondary offering of 5,713,353 ordinary shares, leading to an 8.8% decline in its share price to $14.06 [2] - Manchester United PLC is anticipated to post a quarterly loss of 6 cents per share on revenue of $225.80 million, with shares slightly increasing by 0.1% to $16.42 [2] - New Fortress Energy Inc. has secured a long-term gas supply agreement with the Puerto Rican government, resulting in a 35% surge in its share price to $2.70 [2] - Cracker Barrel Old Country Store Inc. is projected to report quarterly earnings of 80 cents per share on revenue of $855.29 million [2]

Core Viewpoint - Manchester United is expected to report strong commercial and broadcasting revenue in its upcoming fourth-quarter results, attracting investor interest [1][2]. Financial Performance - Analysts estimate fourth-quarter revenue of $225.8 million, a 25.8% increase from $179.4 million in the same quarter last year [1]. - The company is projected to report a loss of 6 cents per share, an improvement from a loss of 20 cents per share in the previous year [2]. - Manchester United has beaten revenue estimates in two consecutive quarters and in eight of the last ten quarters [2]. Revenue Segments - Key revenue segments to watch include broadcasting, commercial, and match day revenue, all of which showed year-over-year growth in the third quarter [3]. - The English Premier League's new domestic television rights deal starting in the 2025-2026 season is expected to enhance broadcasting revenue [4]. Partnerships and Sponsorships - Manchester United has signed a multi-year partnership with Coca-Cola, becoming the official carbonated soft drink of the team in Europe, which could further boost revenue [4]. Team Performance - The team is currently in 14th place in the English Premier League, having finished 15th last season, which has impacted its matchday revenue [5][6]. - Despite recent poor performance, the team previously finished third in the 2022-2023 season, qualifying for the Champions League [5]. Investor Interest - There has been increased investor attention on Manchester United, potentially due to the rising valuations of professional sports teams [7]. - The team's valuation is estimated at $6.6 billion, with a public enterprise value of $3.6 billion, suggesting shares may be undervalued [8]. Stock Performance - Manchester United's stock trades at $16.05, within a 52-week range of $12.05 to $19.65, and has seen a year-to-date decline of 7.5% in 2025 [8].

曼城与曼联赛前可谓难兄难弟。前者一胜两负；后者一胜一平一负，且在联赛杯中被一支第四级别 的球队淘汰，境况艰难。两队都需要这场同城德比的胜利来一扫颓势，提振士气。比赛一开始，双方即 展开对攻大战。比赛过程与结果证明，曼联和主力纷纷回归的曼城打对攻，无异自找难堪。 "升班马"伯恩利主场迎战联赛"领头羊"利物浦的比赛，原被认为是一场没有悬念的比赛。但伯恩利 却顽强地将悬念保持到了最后一刻。比赛看上去更像一场破密集防守的训练。利物浦攻势如潮，但都被 伯恩利一一化解。直到补时阶段，利物浦替补上场的弗林蓬传球，对方后卫不慎门前手球犯规，被判点 球。萨拉赫主罚一击致命。随即，裁判吹响了终场哨。 曼联的进攻战术，为曼城的反攻让出大量空间。这让瓜迪奥拉的球队如鱼得水。第18分钟，多库右 路突破曼联的防守后回传门前，福登近距离迎球冲顶，曼联门将侧身拦截，无奈鞭长莫及，只能目送皮 球从身边飞进网窝。第53分钟时，曼城左路打出流畅配合，多库将球直塞禁区，哈兰德大踏步跑上挑射 破门。第68分钟，伯纳德·席尔瓦也送出直塞传球，哈兰德冲上单刀破门。 利物浦本赛季四战四捷，全靠"绝杀"。目前他们以12分领跑，阿森纳、托特纳姆热刺和伯恩茅斯都 ...

Core Viewpoint - Manchester United plc will report its fourth quarter fiscal 2025 results on 17 September 2025 at 7:00 AM ET [1] Company Overview - Manchester United is recognized as one of the most popular and successful sports teams globally, with a rich football heritage spanning 147 years [1] - The club has achieved a total of 69 trophies throughout its history, contributing to its strong brand and market presence [1]

Core Insights - The article emphasizes the importance of a mixed investment strategy that combines long-term conviction holdings with tactical sector rotations, highlighting that successful investing is more about profitability than being right [1]. Group 1 - The author has a background in Finance and Accounting, along with experience in financial advisory, which informs their investment approach [1]. - The investment strategy focuses on undercovered opportunities and momentum-driven sectors, suggesting a proactive approach to identifying potential growth areas [1].