Man Utd earn record revenue despite worst season in 51 years as Red Devils claim to be best-performing club in Europe in key measure

The Red Devils amassed total revenue of £666.5 million ($909m) for the year ended 30 June 2025. It was only a small increase (£4.7m or 0.7 percent) from the previous year, but it was enough to break the previous record. The biggest increase (by 10%) was in commercial revenue, as a result of the club's front-of-shirt sponsorship with Snapdragon, the most valuable deal of its kind in world sport, and the launch of its new ecommerce model with SCAYL.

United saved £51.5m thanks to reduced operational costs and a 14.1% fall in employee expenses. That was partly driven by the club making employees redundant, referred to as 'wider club restructuring' although the main factor was the 25% reduction in player wages as a result of the failure to qualify for the Champions League for the last two seasons.

United are hailing one measure in particular, EBITDA of £182.8m. The acronym stands for earnings before interest, tax, depreciation and amortisation and is described as the best reflection of underlying business performance. It is the highest level of any club in European football since the COVID-19 pandemic.

United's chief executive Omar Berrada said the results, which came despite finishing 15th in the Premier League and failing to qualify for any European competition, reflected United's strength as an institution. "To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United," he said. "As we settle into the 2025-26 season, we are working hard to improve the club in all areas."

United are still making a net of loss £33m when interest, tax, depreciation and amortisation (the cost of player transfers and debt) are applied, although they lost a significantly lower amount than the previous year, which came to £113m. A club source said the balance sheet remains stretched due to continued investment in players and the lack of European football and warned that "continued discipline" would be required to keep costs down. United's main focus is on improving results on the pitch, which will lead to improved financial performance in the long term. That means it is vital that Ruben Amorim's side bounce back from their crushing 3-0 loss to Manchester City when they host Chelsea on Saturday and also pick up wins from their next games against Brentford and Sunderland before the October international break.