MSG Sports Q4 2023 Earnings Report

MSG Sports reported a decrease in revenue for the fiscal fourth quarter, primarily due to fewer Knicks and Rangers games compared to the prior year. The company reported an operating loss and an adjusted operating loss for the quarter.

Key Takeaways

MSG Sports reported a decrease in revenue for the fiscal fourth quarter, primarily due to fewer Knicks and Rangers games. The company reported an operating loss of $12.2 million and an adjusted operating loss of $7.8 million.

Fiscal fourth quarter was highlighted by the Knicks and Rangers participating in the playoffs.

Combined eight home playoff games at The Garden, with the Knicks advancing to the Eastern Conference Semifinals.

Revenues for the quarter decreased by 28% compared to the prior year quarter.

Operating loss of $12.2 million compared to operating income of $23.7 million in the prior year quarter.