secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001193125-21-325983
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Madison Square Garden Sports Q1 revenue $18.8M down 67% YoY; operating loss widens
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- Revenue of $18.8M, down 67% from $57.0M in prior-year quarter.
- Operating loss of $34.9M, vs $27.4M loss; adjusted operating loss $28.1M vs $17.8M loss.
- Knicks and Rangers began full 82-game seasons with no capacity restrictions at Madison Square Garden.
- New marketing partnerships include BetMGM for mobile sports gaming in NY, plus Infosys and Benjamin Moore.
- Both teams experiencing strong season ticket renewal rates and increased corporate sponsorship demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521325983/0001193125-21-325983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521325983/d143330d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-325983

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer