secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001193125-23-269369
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSGS Q1 revenue up 79% to $43M; operating loss narrows 59% to $14.8M
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- Revenue $43.0M, up 79% from $24.1M in Q1 FY2023.
- Operating loss improved to $14.8M from $35.9M (improvement of $21.1M or 59%).
- Adjusted operating loss improved to $10.0M from $27.8M (64% improvement).
- Combined Knicks/Rangers season ticket renewal rate >94% on larger renewable base; new sponsors signed.
- Company expects continued growth in local and national media rights fees in FY2024 due to contractual escalators.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312523269369/0001193125-23-269369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312523269369/d527920d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269369

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