Madison Square Garden Sports Corp.: Fiscal 4Q Earnings

Madison Square Garden Sports Corp.: Fiscal 4Q Earnings

NEW YORK —
Madison Square Garden Sports Corp. (MSGS) on Friday reported a loss of $78.5 million in its fiscal fourth quarter.

On a per-share basis, the New York-based company said it had a loss of $3.27. Losses, adjusted to account for discontinued operations, came to $3.26 per share.

For the year, the company reported a loss of $182.4 million, or $7.62 per share, swinging to a loss in the period. Revenue was reported as $603.3 million.

Madison Square Garden Sports Corp. shares have fallen 9.8% since the close of April 20, the first day of trading for its stock after it split with Madison Square Garden Entertainment Corp.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSGS at https://www.zacks.com/ap/MSGS

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This story has been corrected to show that Madison Square Garden Sports Corp. shares have fallen 9.8% since April 20, its first day of trading after it split from Madison Square Garden Entertainment Corp., not 43% since the beginning of the year or 42% in the last 12 months.