MSG Networks Inc. Reports Fiscal 2020 First Quarter Results
Madison Square Garden Co, Inc (MSGN)
Last madison square garden co, inc earnings: 5/1 07:30 am
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Source: GlobeNewswire
Fiscal 2020 first quarter revenues of $161.0 millionFiscal 2020 first quarter operating income of $68.3 millionFiscal 2020 first quarter adjusted operating income of $74.7 million NEW YORK, Nov. 07, 2019 (GLOBE NEWSWIRE) -- MSG Networks Inc. (NYSE: MSGN) today reported financial results for the fiscal 2020 first quarter ended September 30, 2019. For the fiscal 2020 first quarter, MSG Networks Inc. generated revenues of $161.0 million, a decrease of 2% as compared with the prior year period. In addition, the Company generated operating income of $68.3 million, a decrease of 13%; adjusted operating income of $74.7 million, a decrease of 12%; and net income of $43.1 million, a decrease of 8%; all as compared with the prior year period.(1) President and CEO Andrea Greenberg said, "While the media landscape is clearly evolving, we believe our exclusive live sports content continues to be very valuable to the distributors, advertisers and viewers we serve. Our recent repurchase of a
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