MSGS reports Q1 revenue up 28% YoY to $24.1M; declares $7/sh special dividend, $75M buyback

Madison Square Garden Sports Corp.

2023-Q1 EPS reported -$0.73 revenue$24,089,000

Revenue $24.1M vs $18.8M YoY; operating loss $35.9M, adjusted operating loss $27.3M.
Knicks and Rangers season ticket renewal rates exceed 90% for 2022-23.
Special dividend of $7.00 per share (~$175M) payable Oct 31, 2022; record Oct 17.
Board authorized $75M accelerated share repurchase program.
New sponsorship deals with HUB International and extensions with Verizon, Dunkin', Jägermeister.

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