NYSE$MSGS
Madison Square Garden Sports Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
MSG Sports' financial performance significantly improved due to robust consumer and corporate demand, driving revenues well above pre-pandemic levels.
Madison Square Garden Sports Corp. reported strong FY2022 third quarter results, driven by revenues well above pre-pandemic levels. The company generated revenues of $337.8 million, operating income of $61.4 million, and adjusted operating income of $81.5 million.
- Revenues increased by $154.8 million, or 85%, compared to the prior year period, driven by the impact of the COVID-19 pandemic on the prior year period's results.
- Pre/regular season ticket-related revenues increased by $105.8 million, and suite license fee revenues increased by $38.6 million compared to the prior year period.
- Sponsorship and signage revenues increased by $12.8 million, and food, beverage and merchandise sales increased by $9.7 million compared to the prior year period.
- Operating income increased by $53.3 million compared to the prior year period.
Headline financials
Revenue & EPS history
MSG Sports · Revenue · Quarterly
$338M
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 sees numerous opportunities on the horizon to continue driving sustained growth for its business as well as generate long-term shareholder value.
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 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
| 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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