Madison Square Garden Sports Corp. (MSGS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Operator. Good morning, and welcome to MSG Sports Fiscal 2025 Second Quarter Earnings Conference Call. Our Chief Operating Officer, Jamal Lussain, will begin this morning's call with an update on the company's strategy and operations. This will be followed by a review of our financial results with Victoria Mink, our EVP, Chief Financial Officer, and Treasurer. After our prepared remarks, we will open up the call for questions. If you do not have a copy of today's earnings release, it is available in the investor section of our corporate website. Please take note of the following. Today's discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. On pages four and five of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income, or AOI, a non-GAAP financial measure. And with that, I'll now turn the call over to Jamal. Thank you, Ari, and good morning, everyone. The Knicks and Rangers 2024-25 seasons are in full swing. For the fiscal 25 second quarter, MSG Sports generated revenues of approximately $358 million and adjusted operating income of approximately $20 million. These results reflect strong overall demand. while adjusted operating income also reflects our continued inve...