MADISON SQUARE GARDEN SPORTS Announces FY2023 Q4 Earnings with Revenues Dropping by 27.6%
August 31, 2023
🌥️Earnings Overview
On August 17 2023, MADISON SQUARE GARDEN SPORTS ($NYSE:MSGS) reported their fiscal year 2023 fourth quarter earnings results, which showed revenues of USD 126.9 million, a decrease of 27.6% from the year before. Net income was reported at USD -9.3 million, a significant drop from USD 27.2 million the prior year.
Analysis
GoodWhale recently conducted an analysis of MADISON SQUARE GARDEN SPORTS’s well-being. Based on this research, the company has been rated as a low-risk investment in terms of financial and business aspects. While the overall rating may be positive, GoodWhale has identified two risk warnings lurking in the income sheet and balance sheet. To view the full extent of the findings, one must register with GoodWhale. By doing so, an individual will have access to all the data and conclusions of the analysis, providing them with a comprehensive understanding of MADISON SQUARE GARDEN SPORTS’s financial standing. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MSGS. More…
| Total Revenues | Net Income | Net Margin |
| 887.45 | 47.79 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MSGS. More…
| Operations | Investing | Financing |
| 152.47 | -17.76 | -185.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MSGS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.32k | 1.65k | -14.11 |
Key Ratios Snapshot
Some of the financial key ratios for MSGS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | – | 12.7% |
| FCF Margin | ROE | ROA |
| 17.0% | -21.0% | 5.4% |
Peers
Madison Square Garden Sports Corp has long been a leader in the entertainment industry, and it faces stiff competition from a number of large competitors. Madison Square Garden Entertainment Corp, DEAG Deutsche Entertainment AG, and Lions Gate Entertainment Corp all compete to deliver the best entertainment experiences to their customers. These companies have all become major players in the industry and continue to compete fiercely against each other.
– Madison Square Garden Entertainment Corp ($NYSE:MSGE)
MSG Entertainment Corp is a leading international entertainment and sports company. It is based in New York City and is the parent company of Madison Square Garden, the world-famous arena located in midtown Manhattan. The company has a market cap of 1.82B as of 2023, giving it a sizable presence in the entertainment and sports industry. Its Return on Equity (ROE) of -4.58% indicates that its shareholders are not receiving any return on their investments. The company focuses on providing a wide range of entertainment and sports events, including concerts, live performances, family shows, and special events throughout the year at its many venues. Additionally, the company owns and operates several professional sports teams, including the New York Knicks of the NBA, the New York Rangers of the NHL, and the Westchester Knicks of the NBA G League. MSG Entertainment Corp stands as one of the largest and most popular entertainment companies in the world.
– DEAG Deutsche Entertainment AG ($LTS:0LAC)
Lions Gate Entertainment Corp is a leading entertainment company that produces and distributes motion pictures, television programming, home entertainment, video-on-demand content, and interactive ventures. As of 2023, the company has a market cap of 2.01B and a Return on Equity of -66.97%. The market cap is indicative of the company’s overall value, while the negative ROE is indicative of the company’s financial performance in terms of generating a return on shareholder investments. Despite its current negative returns, Lions Gate is still a well-respected entertainment company with strong potential for growth in the future.
Summary
Net income also decreased significantly from 27.2 million to -9.3 million. The stock price responded accordingly dropping on the same day. This indicates that the company may be facing financial difficulties stemming from the current crisis. For investors, it would be wise to assess alternative options or research further into the company’s financials before making a decision.
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