Manchester United (MANU) shares fell sharply Wednesday morning as the soccer giant reported a larger-than-expected net loss for its fiscal 2024 fourth quarter, and said it expects broཧadcast revenue to take a hit in fiscal 2025 after it missed out on this season's lucrative UEFA Champions League competition.

One of the world's few publicly traded sports teams and 澳洲幸运5官方开奖结果体彩网:one of the most valuable, Manchester United reported 142.2 million pounds ($185 million) in 澳洲幸运5官方开奖结果体彩网:total revenue, roughly 3 million pounds better than the consensus estimate of analysts compiled by Visible Alpha. But the team's net loss widened from last year and came in worse than expected at 36.3 million pounds.

Man U See🐷s Lower Broadcasting Reꦇvenue in Fiscal 2025

The club expects 650 million pounds to 670 million pounds in fiscal 2025 revenue after producing 661.8 million pounds in fiscal 2024. It sees broadcasting generating about 30 million pounds less in revenue after it finished eighth in last season's Premier League, meaning it misses out on this campaign's high-profile UEFA Champions League competition.

Manchester United said that it expects the restructuring program it started in the third quarter will pay off over fꦚiscal 2025 and 2026. Onc🐼e the program is complete, the team expects annual cost savings of about 40 million pounds to 45 million pounds, with about 10 million pounds in one-time expenses expected as it implements the changes.

Shares of the British soccer giant♉ fell 5.5% to $15.50 late Wednesday morning. They have lost nearly a quarter of their value since the start of the year.