MSG Sports (MSGS) Q2 Earnings & Revenues Beat, Down Y/Y [Yahoo! Finance]
Madison Square Garden Sports Corp. Class A (New) (MSGS)
Company Research
Source: Yahoo! Finance
Yet, on a year-over-year basis, both earnings and revenues declined. The company's results in the quarter were driven by Knicks and Rangers playing six and three fewer regular season home games, respectively, during the fiscal quarter compared with the prior year period. This resulted in decreased pre/regular season ticket-related revenues, suite revenues, and sponsorship and signage revenues on a year-over-year basis. Nonetheless, these negative aspects were partially offset by higher local media rights fees and revenues from league distributions. Also, higher average per-game revenues and net sales of suite products were encouraging. Following the earnings announcement, shares of MSGS gained 6% during the trading session on Feb 6. Earnings & Revenue Discussion MSG Sports reported quarterly earnings of 59 cents per share, which topped the Zacks Consensus Estimate of 37 cents by 59.5%. However, the reported figure declined 29.8% from the year-ago quarter's earnings of 84 ce
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MSGS
News
- Investors in Madison Square Garden Sports (NYSE:MSGS) have unfortunately lost 11% over the last five years [Yahoo! Finance]Yahoo! Finance
- Madison Square Garden Sports Corp. to Release Fiscal 2024 Third Quarter ResultsPR Newswire
- Xtract One Closes $7.2M Public Offering and $1.4M Investment by Strategic Partner [Yahoo! Finance]Yahoo! Finance
- Xtract One Closes $7.2M Public Offering and $1.4M Investment by Strategic Partner [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Xtract One Announces Terms of Public Offering and Concurrent Investment by Strategic Partner [Financial Post (Toronto, Ontario, Canada)]Financial Post
MSGS
Earnings
- 2/6/24 - Beat
MSGS
Sec Filings
- 4/29/24 - Form 4
- 4/15/24 - Form 144
- 4/3/24 - Form 8-K
- MSGS's page on the SEC website