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Dec 31, 2022
MSG Sports Q2 2023 Earnings Report
Reported an increase in revenue and operating income compared to the prior year period.
Key Takeaways
Madison Square Garden Sports Corp. reported a strong fiscal 2023 second quarter, with revenues increasing by 22% to $353.7 million and operating income increasing by 43% to $51.5 million, driven by sustained consumer and corporate demand and higher media rights fees.
Revenues increased by $64.1 million, or 22%, compared to the prior year period.
Operating income increased by $15.6 million, or 43%, compared to the prior year period.
Adjusted operating income increased by $21.0 million, or 38%, compared to the prior year period.
The Company implemented its plan to return approximately $250 million to shareholders through a special cash dividend and an accelerated share repurchase program.
MSG Sports
MSG Sports
Forward Guidance
This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.