Madison Square Garden (MSG) Tops Q2 EPS by 70c

Go back to Madison Square Garden (MSG) Tops Q2 EPS by 70c

The Madison Square Garden Company Reports Fiscal 2019 Second Quarter Results

February 1, 2019 7:30 AM EST

NEW YORK, Feb. 01, 2019 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the second quarter ended December 31, 2018.

Effective July 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (ASC Topic 606), the new accounting standard for revenue recognition.  The most significant impact of ASC Topic 606 in fiscal 2019 is a change in the timing of when certain Company revenue streams and professional sports team-related fulfillment expenses are recognized during the fiscal year.  Prior period results have not been restated to reflect the... More