earnings
confidence high
sentiment positive
materiality 0.75
MSGS Q2 revenue $289.6M, operating income $35.9M; above pre-pandemic levels
Madison Square Garden Sports Corp.
2022-Q2 EPS reported
-$0.02
revenue$308,375,000
- Revenue $289.6M vs $28.8M a year ago; operating income $35.9M vs loss of $38.4M.
- Adjusted operating income $55.7M vs loss of $19.0M in prior-year quarter.
- Regular season per-game ticket, suite, sponsorship, and food/beverage revenues exceeded pre-pandemic fiscal Q2 2020 levels.
- Media rights fees increased due to contractual rate hikes and NHL's new U.S. media deals.
- Knicks and Rangers played 35 combined home games with no capacity restrictions, vs 4 Knicks games without fans and no Rangers games a year ago.