MSG Networks Inc. Reports Fiscal 2020 Third 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 third quarter revenues of $185.0 millionFiscal 2020 third quarter operating income of $73.7 millionFiscal 2020 third quarter adjusted operating income of $79.1 million NEW YORK, May 01, 2020 (GLOBE NEWSWIRE) -- MSG Networks Inc. (NYSE: MSGN) today reported financial results for the fiscal 2020 third quarter ended March 31, 2020. For the fiscal 2020 third quarter, MSG Networks Inc. generated revenues of $185.0 million, a decrease of 5% as compared with the prior year period. In addition, the Company generated operating income of $73.7 million, a decrease of 11%; adjusted operating income of $79.1 million, a decrease of 11%; and net income of $46.3 million, a decrease of 15%; all as compared with the prior year period.(1) President and CEO Andrea Greenberg said, "During these unprecedented times, we are reminded of the important role live professional sports plays in people's lives. We are confident that our business is well-positioned to weather this uncertain period
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