Business

Madison Square Garden Sports reports $78.5 million loss in 4th quarter

Madison Square Garden Sports reports $78.5 million loss in 4th quarter

Madison Square Garden Sports on Friday reported a loss of $78.5 million in its fiscal fourth quarter.

On a per-share basis, the New York-based company said it had a loss of $3.27. Losses, adjusted to account for discontinued operations, came to $3.26 per share.

For the year, the company reported a loss of $182.4 million, or $7.62 per share, swinging to a loss in the period. Revenue was reported as $603.3 million.

Madison Square Garden Sports shares have fallen 43 percent since the beginning of the year. The stock has fallen 42 percent in the last 12 months.

About the author

Erin Fox

Erin Fox

From television to the internet platform, Erin switched her journey in digital media with News Brig. She served as a journalist for popular news channels and currently contributes his experience for News Brig by writing about the tech domain.

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