NYSE$MSGS
Madison Square Garden Sports Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
MSG Sports' fiscal third quarter results for 2020 reflected the impact of the COVID-19 pandemic and the spin-off of the entertainment businesses.
Madison Square Garden Sports Corp. reported a decrease in revenues, operating income, and adjusted operating income compared to the prior year quarter, primarily due to the suspension of NBA and NHL seasons and the temporary closure of venues due to the COVID-19 pandemic.
- Completed the spin-off of the entertainment businesses into a new company called Madison Square Garden Entertainment Corp.
- Fiscal third quarter results include the financial results of both the sports and entertainment businesses.
- COVID-19 pandemic led to the suspension of the 2019-20 NBA and NHL seasons and the temporary closure of the Company’s venues.
- Company generated fiscal 2020 third quarter revenues of $424.0 million, a decrease of 18%.
Headline financials
Revenue & EPS history
MSG Sports · Revenue · Quarterly
$424M
Revenue by segment
MSG Sports · -$71M total across 2 segments · Q2 2021
- Sponsorship and signage revenues-$23.8M—33.5%
- Local media rights fees-$47.2M—66.5%
Forward guidance
The company is confident that its business is well positioned to weather the current period of uncertainty.
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 Q3 2020
-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
| Quarter | Report date | Reaction (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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