NYSE$MSGS

Madison Square Garden Sports Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

MSG Sports reported record full-year results for fiscal 2022, with strong fourth-quarter performance driven by the New York Rangers' playoff run.

Madison Square Garden Sports Corp. reported record full-year revenues, operating income, and adjusted operating income for fiscal 2022. The fourth quarter was highlighted by the New York Rangers' participation in the NHL playoffs, contributing to increased revenues and operating income compared to the prior year quarter.

  • The fiscal 2022 fourth quarter was highlighted by the New York Rangers’ (“Rangers”) participation in the NHL playoffs, which included 10 home playoff games.
  • Company continued to benefit from robust consumer and corporate demand through the end of the seasons.
  • MSG Sports saw record full-year financial results for revenues, operating income and adjusted operating income.
  • Every major revenue category exceeded results for fiscal 2019.

Headline financials

Total Revenue

$175M

Previous: $147M+19.3%
EPS (adj)

$1.09

Previous: $2.03-46.3%
Capital Expenditures

$46K

Previous: $29K+58.6%
Free Cash Flow

$114M

Previous: $19M+498.4%
Net Income

$26.6M

Previous: $49.6M-46.3%
Operating Income

$23.7M

Previous: -$20.8M+214.0%
Gross Profit

$82.3M

Previous: $48M+71.7%
Cash & Equivalents

$91M

Previous: $64.9M+40.2%
Total Assets

$1.3B

Previous: $1.31B-0.6%
Stock-Based Comp

$5.07M

Previous: $4.24M+19.4%

Revenue & EPS history

MSG Sports · Revenue · Quarterly

$175M

Q4 2022+19.3%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
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

Company sees momentum carrying over into fiscal 2023 and remains confident that it is well positioned to drive long-term growth and 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 Q4 2022

Historical avgQ4 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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