The U.S. listed shares of Manchester United Ltd. MANU, -1.99% 0Z1Q increased 0.7% in premarket trading on Tuesday after the U.K. based football club announced fiscal third-quarter losses that were less than half of what they were last year, revenue that increased more than 11%, and the outlook for the full year was raised. The quarter-to-March 31 net loss was reduced to PS5.6m ($7.1m), or PS3.40 per share. This compares to PS27.7m, or PS17.01 per share in the previous period. The adjusted loss per share was reduced to PS7.41, from PS13.75. Total revenue increased 11.3% to PS170.0 millions ($216.4million), with matchday revenue increasing 39.8% to PS49.9million, broadcasting revenue falling 1.6% to PS50.7million and commercial revenue rising 5.8% to PS69.4million. FactSet did not survey enough analysts to produce a consensus estimate. The club announced that ticket sales for 2022/2023 exceeded the record set by 2016/2017 with a total number of 2.4 millions tickets sold. The club has raised its revenue forecast for fiscal 2023 from PS590 to PS610 millions to PS630 to PS640millions. The stock is down 4.2% for the year, despite that the club held buyout discussions. Meanwhile, the S&P500 SPX +0.42% is up 12.7%.