Madison Square Garden Sports Corp (MSGS) Q3 2018 10-Q Quarterly Earnings

Short answer

Madison Square Garden Sports Corp (MSGS) filed its Q3 2018 10-Q quarterly report on Nov 1, 2018 for the quarter ended Sep 30, 2018.

AI summary of MD&A and risk factor updates

Revenue $218,135, down 11% YoY from $245,215, impacted by ASC Topic 606 adoption
Operating margin (23.3%) vs (5.9%) YoY, based on operating losses of $50,785 and $14,495
MSG Sports weakest segment: revenue $55,352, down 32%, adjusted operating income $588 vs $26,466
Cash, cash equivalents and restricted cash $1,101,213, down from $1,256,620; operating cash used $44,672
Capital deployment: $94,503 investing cash use, including SACO investment and Las Vegas and London venue spending

No material risk-factor changes disclosed in provided excerpt, which contains financial statements and accounting notes rather than Item 1A
Revenue timing risk: ASC Topic 606 adoption reduced reported quarterly revenue by $40,298
Financial reporting risk: ASU No. 2016-01 adoption may increase miscellaneous-income volatility through equity-investment mark changes
Liquidity risk: cash, cash equivalents and restricted cash declined $155,407 during the quarter
Near-term performance risk: operating loss widened to $50,785 from $14,495 year over year

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

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