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Benzinga
Benzinga
Business
Triveni Kothapalli

Madison Square Garden Sports Loss Widens As League Distributions Drop And Media Deals Get Reworked (UPDATED)

Madison Square Garden MSGS Rangers Knicks
New,York,,Ny,Usa,-,May,23,,2024:,New,York

Madison Square Garden Sports Corp. (NYSE:MSGS) shares declined following the release of first-quarter financial results on Friday.

The company posted a loss of 37 cents per share, beating analysts’ estimates of a 88 cents loss, compared with a loss of 31 cents per share in the same period last year.

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