Man United report $25M loss in fiscal third quarter

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Manchester United's Scott McTominay celebrates after scoring his side's first goal during the English FA Cup 5th round soccer match between Manchester United and West Ham United at Old Trafford in Manchester, England, Tuesday, Feb. 9, 2021. (Martin Rickett/Pool via AP)

MANCHESTER, Britain — Manchester United PLC (MANU) on Thursday reported a loss of $25 million in its fiscal third quarter.

The Manchester, Britain-based company said it had a loss of 15 cents per share. Losses, adjusted for non-recurring gains, came to 18 cents per share.

The soccer club posted revenue of $163.1 million in the period.

Manchester United shares have dropped almost 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.43, a decline of roughly 6% in the last 12 months.

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