MSG Spinco Q1 2022 Earnings Report
Key Takeaways
MSG Entertainment reported a revenue of $294.5 million, an increase of $124.0 million compared to the prior year quarter. The company reported an operating loss of $83.3 million and adjusted operating income of $10.3 million for the fiscal 2022 first quarter.
Events at the Company’s performance venues began to ramp back up in mid-September.
MSG Networks has resumed airing full regular season telecast schedules for its five professional teams across both the NBA and NHL.
The Christmas Spectacular production returned to Radio City Music Hall, kicking off the start of its 2021 holiday season run.
Tao Group Hospitality benefited from strong consumer demand in all of its major markets, led by Las Vegas.
MSG Spinco
MSG Spinco
Forward Guidance
The company is optimistic about where they’re headed in 2022, and they remain confident in their ability to create long-term value for their shareholders.
Positive Outlook
- Ramping up events across venues
- Welcoming back Christmas Spectacular production
- Seeing strong results at Tao Group Hospitality
- Renewed engagement by marketing partners
- Continued progress on MSG Sphere