Madison Square Garden (MSG) Q1 Revenue Misses Consensus
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The Madison Square Garden Company Reports Fiscal 2020 First Quarter Results
November 8, 2019 7:30 AM ESTNEW YORK, Nov. 08, 2019 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the fiscal first quarter ended September 30, 2019.
For the fiscal 2020 first quarter, the Company generated revenues of $214.8 million, a decrease of 2% as compared to the prior year quarter. The Company also generated an operating loss of $89.3 million and an adjusted operating loss of $41.1 million, as compared to an operating loss of $50.8 million and an adjusted operating loss of $9.9 million for the first quarter of fiscal 2019.(1)(2) This was primarily due to higher expenses... More
