NYSE$MSGS

Madison Square Garden Sports Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

MSG Sports' second quarter results for fiscal year 2022 reflected a return to pre-pandemic levels, driven by robust demand for the Knicks and Rangers.

Madison Square Garden Sports Corp. reported a significant improvement in its second quarter fiscal 2022 results, with revenues of $289.6 million, operating income of $35.9 million, and adjusted operating income of $55.7 million, reflecting robust demand for the Knicks and Rangers and a return to pre-pandemic levels.

  • Revenues for the fiscal 2022 second quarter reached $289.6 million.
  • Operating income for the fiscal 2022 second quarter was $35.9 million.
  • Adjusted operating income for the fiscal 2022 second quarter was $55.7 million.
  • Regular season average per-game ticket revenue was in line with pre-pandemic levels, while suite and sponsorship revenues, as well as food, beverage, and merchandise per-caps, exceeded those levels.

Headline financials

Total Revenue

$290M

Previous: $28.8M+906.5%
EPS (adj)

$0.65

Previous: -$1.68+138.7%
Capital Expenditures

-$377K

Previous: -$141K-167.4%
Free Cash Flow

$15.5M

Previous: -$40.8M+137.9%
Net Income

$15.8M

Previous: -$40.6M+139.0%
Operating Income

$35.9M

Previous: -$38.4M+193.5%
Gross Profit

$96.7M

Previous: $12.1M+698.8%
Cash & Equivalents

$54.8M

Previous: $70.8M-22.5%
Total Assets

$1.35B

Previous: $1.29B+4.4%
Stock-Based Comp

$7.35M

Previous: $16M-54.0%

Revenue & EPS history

MSG Sports · Revenue · Quarterly

$290M

Q2 2022+906.5%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

MSG Sports · -$71M total across 2 segments · Q2 2021

  • Sponsorship and signage revenues
    -$23.8M
  • Local media rights fees
    -$47.2M

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.0%

Avg return

30 days after

50%

21 / 42 earnings

Positive

+13.7%

Q1 2021

Best reaction

-13.4%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.9%+4.9%+16.3%
Q2 2026-4.7%-2.6%+9.1%
Q1 2026-4.6%-4.3%+1.5%
Q3 2025-2.8%-1.3%-1.5%
Q2 2025-3.6%-5.9%-9.1%
Q1 2025-3.1%+1.2%+3.3%
Q4 2024+0.5%+2.7%+3.7%
Q3 2024-0.6%+1.4%-0.6%
Q2 2024+7.1%+5.0%+2.0%
Q1 2024+4.0%+1.8%+2.2%
Q4 2023-13.4%-13.8%-13.4%
Q3 2023+2.2%-1.1%-11.7%
Q2 2023+4.6%+4.0%+5.6%
Q1 2023+1.2%+1.7%+5.2%
Q4 2022+7.9%+3.6%-6.8%
Q3 2022+2.4%-2.0%+3.4%
Q2 2022+1.6%+3.4%-1.4%
Q1 2022-0.9%-2.7%-14.5%
Q4 2021+3.8%+5.9%+19.3%
Q3 2021-0.7%-0.5%-3.2%
Q2 2021+2.9%+6.0%+17.4%
Q1 2021+13.7%+14.2%+17.1%
Q4 2020-5.5%-4.3%-5.2%
Q3 2020-7.3%-9.7%-1.3%
Q2 2020+1.2%+3.1%-16.9%
Q1 2020-3.5%-1.3%+2.2%
Q4 2019-11.0%-13.3%-8.4%
Q3 2019-2.9%-0.8%-2.6%
Q2 2019+0.7%+2.2%+5.5%
Q1 2019-5.3%-0.7%-2.4%
Q4 2018-3.8%-2.2%-0.2%
Q3 2018+3.3%+4.9%+10.4%
Q2 2018+1.5%-0.3%+9.9%
Q1 2018+2.9%+3.6%-1.8%
Q4 2017-3.6%-1.7%+1.0%
Q3 2017+1.4%+1.4%+0.2%
Q2 2017+1.2%-0.8%+8.3%
Q1 2017+2.3%+4.0%+6.0%
Q4 2016-3.2%-4.4%-8.9%
Q3 2016+0.0%
Q2 2016-1.2%
Q1 2016-1.4%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013

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