Manchester United expect their sales to surge to record heights by the end of their financial year.
The Premier League club have upped their revenue guidance from between £590m and £610m to between £630m to £640m.
They have also increased their forecasted adjusted EBITDA of between £125m to £1400m up to between £140m and £150m.
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The rises come after United posted a total revenue of £170m for the three months to March 31, 2023, up from £152.8m from the same period in 2022.
The club's operating losses were also slashed from £21.8m to £4.7m.
United's commercial revenue rose from £65.6m to £69.4m while their match day earnings increased from £35.7m to £49.9m.
Sponsorship revenue rose by £1.8m to £41m while retail, merchandising, apparel and product licensing revenue increased by £2m to £28.4m.
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However, their broadcasting revenue dipped slightly from £51.5m to £50.7m.
United said the fall in broadcasting revenue was due to the men's first team competing in the Europa League instead of the Champions League.
United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos.
The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on.
Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open.
Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season.