Madison Square Garden Sports Corp (MSGS) Q4 2016 10-Q Quarterly Earnings

Short answer

Madison Square Garden Sports Corp (MSGS) filed its Q4 2016 10-Q quarterly report on Feb 3, 2017 for the quarter ended Dec 31, 2016.

AI summary of MD&A and risk factor updates

Q2 revenue $445.2M, up $34.3M YoY, with operating margin 13.1% vs 11.9%
MSG Entertainment strongest segment: revenue $192.5M, up 6%; operating income $56.7M, up 28%
MSG Sports revenue $252.7M, up 10%, but operating income $40.2M, down 1% amid higher personnel compensation
Cash $1,410.3M vs $1,444.3M at June 30; six-month operating cash flow $109.9M vs $114.3M
Outlook: higher team compensation expected from NBA media-rights deal; New York Spectacular under content, operating and timing review

New risks triggered by January 31, 2017 TAO Group acquisition, covering 19 venues across three markets
Competitive risk: TAO venues face established brands with potentially greater financial resources
Consumer-demand risk: economic downturns could reduce discretionary spending and TAO revenues
Labor-cost risk: minimum-wage increases could raise wages across employee groups
Geographic concentration: 11 venues in New York City and seven in Las Vegas increase exposure to local disruptions

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

Compare quarters, check guidance or see what insiders and funds did around the report.