Manchester United's losses were slashed as revenue jumped during the first quarter of their new financial year as the Premier League club continued to recover from the impact of the Covid-19 pandemic.
The figures, for the three months to the end of September 2021, show United's total revenue increased to £126.5m compared to the £109m they posted during the same period in 2020.
Their operating losses were cut from £27.1m to £10.2m but the club's adjusted EBITDA fell from £20.8m to £11.2m.
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Manchester United's commercial revenue climbed from £59.7m to £64.4m while its match day sales surged by more than 1,000% from £1.7m to £18.8m because of the lifting of the Government's pandemic restrictions.
Broadcasting revenue however declined from £47.6m to £43.3m, "primarily due to playing four fewer home and away games across domestic competitions, due to the completion of the 2019/20 Premier League and FA Cup competitions during the prior year quarter".
United's losses before income tax fell from £27m to £19.8m over the quarter.
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Executive vice chairman Ed Woodward said: "While these financial results today demonstrate our resilience through the pandemic, our top priority is success on the pitch.
"The manager, players and everyone at the club are determined to achieve that objective."
The first quarter figures come after the club announced in September that its losses grew to more than £90m during their last financial year as the Covid-19 pandemic continued to impact finances.
At the time they reported losses for the 12 months to the end of June 2021 of £92.2m, compared to losses of £23.2m they posted for the same period to the end of June 2020.
Their total revenue also dipped from £509m to £494.1m while its adjusted EBITDA went from £132.1m to £95.1m.