Manchester United’s much improved Premier League performance has seen the club revise its financial projections for the 2025-26 season upwards, even as a season without European football and the cost of firing another head coach, Ruben Amorim in January, increased strain on the club’s cash flow.United’s Q3 earnings release, published on Wednesday lunchtime and covering financials from July 2025 to the end of March 2026, detailed an increase in full-year revenue expectations to between £655million and £665m, up from the £640m to £660m previously signposted. United have also improved their ‘adjusted EBITDA’ forecast (a proxy for day-to-day cash profit), which is now expected to hit the £200m to £210m range (previous guidance: £180m to £200m).Those tighter ranges reflect more surety over finances as the end of the accounting year in June looms, while the increases follow Michael Carrick guiding United to a third-place finish in the Premier League. After Sunday’s final round of games, The Athletic projected domestic prize money for all 20 clubs, with United’s estimated £191.5million the third-highest in the division and, at £55.3m, the largest increase on 2024-25 of any non-promoted club.The Q3 figures speak to that, with United’s domestic broadcast income of £157.1million for the first nine months of the season just ended over 17 per cent higher than a year earlier — even as last season’s number included revenue from a lengthy Europa League campaign.A significant improvement in playing performance has allowed United to update their revenue forecast to be much closer to the club record £666.5million recorded last season, albeit a small drop is still expected. More pertinently, while improved forecasts are to be welcomed, United will still fall further behind several rivals this season in the earnings stakes, a natural byproduct of missing out on this season’s UEFA Champions League.Getting close to last season’s revenue figure is a feat in itself given the lack of European football on offer; last season’s run to the Europa League final generated £31million in turnover.The expectation of near-parity with 2024-25 has been aided by both commercial and matchday revenues just about keeping pace with a year ago.Commercial income of £245.1million to the end of March was exactly the same as in 2024-25, even as United went this season without a training kit sponsor after their deal with Tezos ended last summer. Missing out on UEFA’s premier competition saw a £10m haircut applied to their kit deal with Adidas too, but other improvements meant United’s sponsorship income only dropped by £14.6m total in the comparative periods.That amount was fully offset by improved retail performance, although the latter was positively affected by a ‘one-off credit relating to our in-house e-commerce business’ launched in 2024-25. The quantum of that credit was not disclosed.Matchday income dropped, but that was unsurprising given United played eight games fewer at Old Trafford than in the equivalent period a season ago.That was an inevitability of no European campaign and exiting both domestic cups at the first hurdle, but there’s a positive to be gleaned too: despite eight fewer games, United’s gate receipts only fell by four per cent. Revenue per game was way up, from £5.1m to £7.4m. That’s an unprecedented leap; we don’t have comparatives for other clubs in 2025-26 but, based on 2024-25 figures detailed in a recent UEFA report, United’s matchday income per game this season would be the highest in Europe.