MSG Networks Inc. (MSGN) Tops Q4 EPS by 32c, Revenues Miss

MSG Networks Inc. (NYSE: MSGN) reported Q4 EPS of $0.97, $0.32 better than the analyst estimate of $0.65. Revenue for the quarter came in at $152.1 million versus the consensus estimate of $161.87 million.

President and CEO Andrea Greenberg said, “The impact of the COVID-19 pandemic is being felt by virtually every business around the world. Yet despite its effects, we have continued to accomplish many of our key goals, while engaging fans with compelling programming on our two 24/7 networks. During fiscal 2020, we successfully renewed two major affiliate agreements, grew non-ratings based advertising revenue, strengthened our balance sheet and generated substantial free cash flow. As we continue to navigate the challenges of the pandemic as well as the evolving media landscape, we remain confident in the importance of our live professional sports content and the value it delivers for our affiliates, advertisers and viewers.”

For earnings history and earnings-related data on MSG Networks Inc. (MSGN) click here.

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