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Madison Square Garden Q2 revenues up 20%

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Staff Writer | Saturday February 3, 2018 7:30AM ET
Madison Square Garden
Madison Square Garden   Strong year-over-year growth

The Madison Square Garden Company reported financial results for the second quarter ended December 31, 2017.


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For the fiscal 2018 second quarter, the company generated revenues of $536.3 million, an increase of 20% as compared with the prior year period.

In addition, the company generated fiscal 2018 second quarter operating income of $72.4 million and adjusted operating income of $118.0 million, which represent increases of 24% and 23%, respectively, both as compared to the prior year second quarter.

Executive chairman and CEO Jim Dolan said, "For the fiscal 2018 second quarter, we delivered strong year-over-year growth in revenues and adjusted operating income, fueled by our continued focus on providing the very best in live experiences.

"Our performance this quarter was highlighted by strong bookings results, record revenue for the Christmas Spectacular and broad-based growth across our Sports segment.

"With regard to our venue expansion strategy, we continue to make important progress on the design of our Las Vegas venue. Looking ahead, we remain confident in our ongoing ability to deliver attractive long-term growth and value creation for our shareholders."

 

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