MSGS Q2 revenue down 8% to $326.9M; operating income falls 44% to $28.8M

Madison Square Garden Sports Corp.

2024-Q2 EPS reported -$0.19 revenue$369,944,000

Revenue $326.9M, down $26.8M (8%) YoY due to 9 fewer combined Knicks/Rangers home games.
Operating income $28.8M, -44%; adjusted operating income $37.0M, -43% YoY.
Average per-game revenues for tickets, suites, food, beverage, and merchandise exceeded prior-year Q2.
Local and national media rights fees increased due to contractual rate hikes.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Madison Square Garden Sports Corp. reported fiscal second quarter ended December 31, 2023 results: revenue $326.9 million.

Period: fiscal second quarter ended December 31, 2023
Revenue: $326.9 million
Result: reported results

Exact text from the filing

quarter, the Knicks and Rangers played a combined nine fewer regular season home games as compared to the prior year period. As a result, the Company generated revenues of $326.9 million, a decrease of $26.8 million, or 8%, as compared to the prior year period. In addition, the Company reported operating income of $28.8 million, a decrease of $22.7 million, or

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Source: SEC EDGAR

accession 0001193125-24-024820

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