Manchester United Ltd. (NYSE:MANU) stock rose Wednesday after the football club reported fiscal third-quarter 2026 results that topped revenue expectations and raised its full-year outlook.

Quarterly net sales increased to 189.5 million pounds ($255.4 million) from 160.5 million pounds a year earlier, exceeding Wall Street estimates of $167.1 million.

Total revenue climbed 18.1% year over year, supported by a 10.3% increase in commercial revenue and a 57.1% jump in broadcasting revenue. Matchday revenue, however, declined 5.2% from the prior-year period.

Profitability Improves

Operating profit for the quarter rose to 5.1 million pounds from 700,000 pounds a year earlier.

Adjusted EBITDA increased 65.4% to 84.7 million pounds.

The company reported adjusted earnings of 4 cents per share, below analysts' expectations of 7 cents per share.

Net finance costs increased to 20.3 million pounds ...