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0 0 0 0 0.00353239871950539 0.0195385804172646 0.0195385804172646 0.0304078816646429
Stock impact report

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2024 SECOND QUARTER RESULTS [Yahoo! Finance]

Madison Square Garden Sports Corp. Class A (New) (MSGS) 
Company Research Source: Yahoo! Finance
With the 2023-24 New York Knicks ("Knicks") and New York Rangers ("Rangers") seasons now more than halfway complete, the Company has continued to see positive operating momentum across its business. During the fiscal 2024 second quarter, average per-game revenues for nearly every key revenue category – including tickets, suites, food, beverage and merchandise – exceeded results for the prior year period. In addition, local and national media rights fees were higher, primarily due to contractual rate increases. In the fiscal 2024 second quarter, the Knicks and Rangers played a combined nine fewer regular season home games as compared to the prior year period. As a result, the Company generated revenues of $326.9 million , a decrease of $26.8 million , or 8%, as compared to the prior year period. In addition, the Company reported operating income of $28.8 million , a decrease of $22.7 million , or 44%, and adjusted operating income of $37.0 million , a decrease of $27.4 million , or Show less Read more
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