Madison Square Garden Sports Q4 Revenue Tops Estimates

by Shivani Kumaresan, Benzinga Staff Writer

August 19, 2021 3:16 PM | 1 min read | Make a Comment

Madison Square Garden Sports Corp MSGS reported fourth-quarter FY21 revenues of $146.90 million, beating the analyst consensus of $116.84 million. It reported negative revenues of $7.0 million in the prior-year quarter.
Direct operating expenses were $98.9 million.
The operating loss narrowed to $(20.8) million.
The company held $72 million in cash and equivalents as of June 30, 2021.
EPS was $2.03 versus $(3.27) last year
"Despite a challenging year, we had a tremendous response from Knicks' and Rangers' fans last season, including sell-out games and robust local ratings," said CEO Andrew Lustgarten.
Price Action: MSGS shares are trading higher by 2.31% at $159.00 on the last check Thursday.