Madison Square Garden Sports (MSGS)

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Madison Square Garden Sports (MSGS) - 2020 Q3 - Quarterly Report
2020-05-09 00:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36900 MADISON SQUARE GARDEN SPORTS CORP. (Exact name of registran ...
Madison Square Garden Sports (MSGS) - 2020 Q2 - Quarterly Report
2020-02-07 21:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36900 (Exact name of registrant as specified in its charter) D ...
Madison Square Garden Sports (MSGS) - 2020 Q1 - Earnings Call Transcript
2019-11-10 06:53
Financial Data and Key Metrics Changes - The company generated $214.8 million in revenues for Q1 2020, a decrease of 2% year-over-year [35] - Adjusted operating loss was $41.1 million compared to a loss of $9.9 million in the previous year [35] - Total unrestricted cash and cash equivalents were approximately $1.1 billion as of September 30 [41] Business Line Data and Key Metrics Changes - MSG Entertainment revenues were $159 million, a decrease of 2%, impacted by the absence of the MTV Video Music Awards [36] - MSG Sports revenues increased by 1% to $56 million, driven by higher revenues from other live sporting events [38] - TAO Group revenues increased by $2.4 million year-over-year, indicating solid growth despite some elevated costs [101] Market Data and Key Metrics Changes - The company hosted several sporting events, including WWE and Bellator MMA, contributing to the increase in revenues from other live sporting events [39] - The Garden was named Billboard's Arena of the Year for the second consecutive year, reflecting its strong market position [26] Company Strategy and Development Direction - The company announced a full spin-off of its entertainment business from its sports business, aiming for long-term success and tax efficiencies [11][14] - MSG Sphere in Las Vegas is expected to open in 2021, with a focus on immersive shared experiences [17][21] - The company is evaluating opportunities for the London Sphere, with no definitive opening date yet due to planning complexities [22][78] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the live entertainment sector and expects to recover ground lost in Q1 by the end of the fiscal year [25][94] - The potential legalization of gaming is viewed as a significant growth opportunity for the sports business [32][80] - Management is confident in the financial flexibility to fund growth plans, including the MSG Sphere projects [48][62] Other Important Information - The company is winding down Obscura Digital's third-party business to focus resources on MSG Sphere [36] - The Christmas Spectacular is anticipated to have another successful year despite fewer scheduled shows [28] Q&A Session Summary Question: Financing plans for MSG Sphere builds - Management indicated that the entertainment company will start with a strong cash position and may utilize revolvers for cash contributions prior to the spin-off [46][48] Question: Advantages of the new spin structure - The new structure allows for tax efficiencies and maintains 100% ownership for shareholders in both companies, which is seen as beneficial for long-term value [54] Question: Timeline for the London Sphere - The timeline for the London Sphere is uncertain, with ongoing planning processes that may extend into 2020 [60][78] Question: In-venue gaming opportunities - Management is optimistic about the potential for in-venue gaming and is exploring both venue-based and mobile options [80] Question: Updates on the booking pipeline - Management remains bullish on live entertainment and expects to recover from last year's record-breaking quarter [94][95] Question: TAO Group's future openings and costs - TAO Group is evaluating new venue opportunities on a case-by-case basis, with a focus on capital efficiency [102][105]
Madison Square Garden Sports (MSGS) - 2020 Q1 - Quarterly Report
2019-11-08 21:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36900 (Exact name of registrant as specified in its charter) ...
Madison Square Garden Sports (MSGS) - 2019 Q4 - Annual Report
2019-08-20 20:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commission File Number: 1-36900 (Exact name of registrant as specified in its charter) Delaware 47-3373056 (State or other jurisdiction of ...
Madison Square Garden Sports (MSGS) - 2019 Q4 - Earnings Call Transcript
2019-08-20 18:42
The Madison Square Garden Company (MSG) Q4 2019 Earnings Conference Call August 20, 2019 8:30 AM ET Company Participants Ari Danes - SVP, IR & Treasury Andy Lustgarten - President Victoria Mink - EVP & CFO Conference Call Participants Bryan Goldberg - Bank of America Brandon Ross - BTIG David Karnovsky - JPMorgan David Miller - Imperial Capital David Joyce - Evercore ISI Brett Harriss - G-Research Operator Good morning. My name is Christie, and I'll be your conference operator today. At this time, I would l ...
Madison Square Garden Sports (MSGS) - 2019 Q3 - Quarterly Report
2019-05-08 20:25
Table of Contents Large accelerated filer þ Accelerated filer o Non-accelerated filer o Smaller reporting company o Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ______________ ...
Madison Square Garden Sports (MSGS) - 2019 Q3 - Earnings Call Transcript
2019-05-08 17:29
The Madison Square Garden Company (MSG) Q3 2019 Earnings Conference Call May 8, 2019 10:00 AM ET Company Participants Ari Danes - Senior Vice President of Investor Relations & Treasury Andy Lustgarten - President Victoria Mink - Executive Vice President & Chief Financial Officer Conference Call Participants Brandon Ross - BTIG Amy Yong - Macquarie Michael Morris - Guggenheim Bryan Goldberg - Bank of America David Karnovsky - JPMorgan Ben Swinburne - Morgan Stanley Operator Good morning. My name is Tom and I ...
Madison Square Garden Sports (MSGS) - 2019 Q2 - Quarterly Report
2019-02-01 21:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36900 (Exact name of registrant as specified in its charter) D ...
Madison Square Garden Sports (MSGS) - 2019 Q2 - Earnings Call Transcript
2019-02-01 20:39
The Madison Square Garden Company (MSG) Q2 2019 Earnings Conference Call February 1, 2019 10:00 AM ET Company Participants Ari Danes - Senior Vice President of Investor Relations and Treasury Andy Lustgarten - President Victoria Mink - Executive Vice President and Chief Financial Officer Conference Call Participants Brandon Ross - BTIG Bryan Goldberg - Bank of America David Joyce - Evercore David Karnovsky - JPMorgan Ben Swinburne - Morgan Stanley David Miller - Imperial Capital Amy Yong - Macquarie Operato ...