Manchester United turned around its fortunes on the field this season, and it’s reflected off the field in the club’s third quarter financial results out Wednesday. The English soccer giant posted a nine-month operating profit of £37.7 million ($52.2 million based on current exchange rates), versus a loss of £3.2 million ($4.3 million) during the prior year period.

The profit would have been even greater if not for a £16.7 million ($22.4 million) exceptional charge, primarily from the January firing of former men’s first team coach Ruben Amorim and his staff. Last week, interim coach Michael Carrick, who played 12 seasons for United and took over as coach at mid-season, signed a two-year deal that runs until 2028.

Total revenue for the three months ending March 31 was £190 million ($254 million), up 18% from 2025. Matchday revenue was down 5%, because the team played three fewer home games, and sponsorship revenue sank 9%, primarily from the club’s training kit agreement with Tezos expiring before the end of the season.

But other revenue streams more than offset those declines. Broadcasting revenue for the quarter surged 57% to £64.9 million ($87 million) due to the men’s team estimating a higher Premier League finish and the increased value of the Premier League’s latest international broadcasting rights.