Madison Square Garden Sports Corp (MSGS) Q1 2016 10-Q Quarterly Earnings

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Madison Square Garden Sports Corp (MSGS) filed its Q1 2016 10-Q quarterly report on May 6, 2016 for the quarter ended Mar 31, 2016.

AI summary of MD&A and risk factor updates

Revenue $336,328, up 12% YoY from $300,856, led by MSG Sports revenue growth of $23,761
Operating margin (16.9%) vs (3.2%) YoY, with operating loss $56,936 vs $9,584
Best segment MSG Sports: revenue $262,875, up 10%, operating income $36,491 vs $27,676
Worst segment MSG Entertainment: AOCF loss $53,430 vs $11,188, including $41,816 production-cost write-off
Cash $1,451,687 vs $14,211 at June 30, 2015, operating cash flow $84,021 for nine months, capital expenditures increased due to a new aircraft purchase

No material changes disclosed from the most recent 10-K
Sports revenue seasonality, disproportionate NBA and NHL revenues in fiscal second and third quarters
Entertainment impairment risk, valuation depends on ticket sales, concessions, sponsorships, discount rates, and projected cash flows
MSG Sports goodwill exposure, $218,187 balance dependent on reporting-unit fair value exceeding carrying value
No debt outstanding, eliminating interest-rate risk; foreign-currency exposure de minimis

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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