secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001193125-23-214734
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSGS reports fiscal 2023 record revenue of $887.4M (+8% YoY); Q4 revenue down 28% due to fewer home games
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- Full-year revenue $887.4M (+8% YoY); operating income $85.2M (-1%); adjusted operating income $115.0M (flat).
- Q4 revenue $126.9M (-28%); operating loss $12.2M vs. income $23.7M; adjusted operating loss $7.8M vs. income $29.5M.
- Returned ~$250M to shareholders: special cash dividend of $7.00/share (~$173M) and $75M ASR completed Jan 2023.
- Both Knicks and Rangers made playoffs; combined eight home playoff games; all key revenue categories exceeded prior year records.
- Executive Chairman James Dolan expressed confidence in long-term shareholder value and momentum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312523214734/0001193125-23-214734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312523214734/d523623d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-214734

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