- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
