MANU
Manchester United plc
MANU has lower modeled downside risk, despite its lower overall score.
RDDT
Reddit, Inc.
RDDT has the edge over MANU overall, supported by stronger fundamentals and stronger modeled upside.
MANU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Stable |
MANU's revenue is currently healthy, and its balance sheet is stable, but its profitability and cash flow are under pressure.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
MANU PE Valuation
MANU has no meaningful PE right now: it lost money over the past year.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
MANU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect MANU to return to profit, with revenue growing.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for RDDT, with profitability improving. However, they disagree widely on these estimates.
MANU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.34 | -$0.09 |
| Q1 2026 | -$0.14 | +$0.38 |
| Q4 2025 | -$0.07 | +$1.00 |
| Q3 2025 | -$0.31 | +$0.38 |
| Q2 2025 | -$0.25 | +$0.67 |
| Q1 2025 | -$0.52 | +$0.13 |
| Q4 2024 | -$1.07 | -$0.95 |
| Q3 2024 | -$0.69 | -$0.46 |
RDDT has the stronger earnings trend. Trailing diluted EPS is down 236% for MANU versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
MANU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $211.2M | -0.6% |
| Q1 2026 | $252.1M | +21% |
| Q4 2025 | $249.9M | -7.7% |
| Q3 2025 | $187.2M | +1.2% |
| Q2 2025 | $212.5M | +13% |
| Q1 2025 | $207.9M | +13% |
| Q4 2024 | $270.7M | -8.2% |
| Q3 2024 | $184.9M | -15% |
MANU's revenue fell from its 2023 peak and has held roughly level since: $211M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -12% | -5.4 points |
| Q1 2026 | 5.4% | +4.7 points |
| Q4 2025 | 8.6% | +0.2 points |
| Q3 2025 | -19% | +0.7 points |
| Q2 2025 | -6.6% | +14 points |
| Q1 2025 | 0.7% | +28 points |
| Q4 2024 | 8.5% | -7.8 points |
| Q3 2024 | -20% | -2.4 points |
MANU's operating margin was −12% last quarter, down 5.4 points from the same quarter a year ago.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over MANU on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over MANU on profitability, with a higher operating margin.
MANU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $131M | +9.9% |
| Q1 2026 | -$20.1M | +$20.6M |
| Q4 2025 | -$88.9M | +$4.5M |
| Q3 2025 | -$240.6M | -$40.1M |
| Q2 2025 | $119.3M | -25% |
| Q1 2025 | -$40.7M | +$8.1M |
| Q4 2024 | -$93.3M | +$19.8M |
| Q3 2024 | -$200.5M | -$41.2M |
MANU has burned cash in most quarters: −$219M over the past year, against −$215M the year before.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over MANU on cash generation, producing positive trailing cash flow while its opponent burns cash.
MANU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | +81K shares |
| 3 years | +5.7% | +9.4M shares |
| 5 years | +5.8% | +9.5M shares |
| Available history | +4.7% | +7.7M shares |
MANU has 172M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
MANU hasn't bought back shares in the past year.
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over MANU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
MANU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 6.1x | High |
| Q3 2024 | 3.5x | Elevated |
MANU's net debt is about 2.4 years of its operating earnings (EBITDA), about the same as a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over MANU on leverage, with a lower net debt burden relative to earnings.
MANU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.5 | Neutral |
| Stochastic | 57.7 | Neutral |
MANU's weekly RSI is 61 (neutral) and its Stochastic is 58 (neutral).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
MANU PE vs Communication Services Sector
| Metric | MANU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
MANU has no meaningful PE right now: it lost money over the past year.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
MANU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.1 | 8.5% above |
| 20 week MA | $21.7 | 5.3% above |
| 50 week MA | $19.5 | 17% above |
| 100 week MA | $17.7 | 29% above |
| 200 week MA | $18.3 | 25% above |
MANU has stronger trend alignment. MANU is above 5 of 5 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
MANU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.8 | $16.6 | -16% |
| 2021 | $16.6 | $14.2 | -14% |
| 2022 | $14.2 | $22.5 | +58% |
| 2023 | $22.5 | $20.4 | -9.3% |
| 2024 | $20.4 | $17.0 | -17% |
| 2025 | $17.0 | $15.9 | -6.8% |
| 2026 YTD | $15.9 | $22.8 | +44% |
MANU has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.