It lost £3.8m between January and March, down from a £13.7m profit in the same period last year.
The Old Trafford club incurred higher player contract expenses, and was also hit by adverse foreign exchange movements.
But total revenues were 3% higher at £127.2m and the club now expects revenues of £570m for the full year.
If
the club beats Ajax in the Europa League final on 24 May it would
secure a coveted place in the Champions League for next season.
Manchester
United has a clause in its kitwear deal with Adidas that allows for a
cut of 30% in the annual sponsorship deal if the club fails to reach the
Champions League in consecutive seasons.
After failing to qualify
for the tournament in 2016-17 season, it means the Europa League final
in Stockholm next week now takes on added importance.
'Strong finish'
Executive
vice-chairman Ed Woodward said: "We are forecasting better full-year
financial performance than expected and as such have raised our revenue
and profit guidance for the year.
"We look forward to a strong finish to 2016-17, both on and off the pitch."
Broadcast revenues were up 12.9% at £31.4m. Commercial revenues were slightly higher, while matchday income edged lower.
Two global sponsorship deals were signed during the quarter, with ride-hailing service Uber and Singapore firm Aladdin Street.
The Old Trafford club also lifted the EFL Cup during the period.
United increased its forecast for profits to between £185m and £195m for 2016-17.
Net debt at the end of March stood at £366.3m, an increase of £17.6m over the year.
The club's forthcoming summer tour features one game in Norway, and five games in the US.
BBC
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