MSG Networks Inc. (MSGN) Tops Q3 EPS by 6c

MSG Networks Inc. (NYSE: MSGN) reported Q3 EPS of $0.78, $0.06 better than the analyst estimate of $0.72. Revenue for the quarter came in at $177.9 million versus the consensus estimate of $177.55 million.

President and CEO Andrea Greenberg said, “We’ve had exciting NBA and NHL regular seasons, which have helped drive strong ratings on our linear channels, as well as all-time high levels of engagement with our streaming platform. We believe the enduring popularity of live sports will continue to drive value for our Company and look forward to combining our exclusive content and distribution expertise with MSG Entertainment’s marquee assets and brands in a transaction that we believe would create substantial benefits for our shareholders.”

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

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