Fiscal 2017 second quarter revenue of $445.2 million, an increase of 8% versus the prior year quarter
Fiscal 2017 second quarter operating income of $58.3 million, an increase of 19% versus the prior year quarter
Fiscal 2017 second quarter adjusted operating income of $96.0 million, an increase of 17% versus the prior year quarter
NEW YORK, Feb. 03, 2017 (GLOBE NEWSWIRE) — The Madison Square Garden Company (NYSE:MSG) today reported financial results for the second quarter ended December 31, 2016.
Financial results for both the fiscal 2017 and fiscal 2016 second quarters reflect the Company’s financial results on a standalone basis, including the Company’s actual corporate general and administrative costs.
For the fiscal 2017 second quarter, the Company generated revenues of $445.2 million, an increase of 8% as compared with the prior year period. In addition, the Company generated fiscal 2017 second quarter operating income of $58.3 million and adjusted operating income of $96.0 million, which represent increases of 19% and 17%, respectively, both as compared to the prior year second quarter. (1) (2) (3)
President and CEO David O’Connor said, “For the fiscal 2017 second quarter, we delivered robust top-line and adjusted operating income growth – driven by broad-based strength across our Entertainment and Sports businesses. In addition to a strong quarter for our core operations, we took an important step in expanding our live offerings with our purchase of a majority interest in TAO Group, which adds a complementary world-class entertainment dining and hospitality group that generates substantial adjusted operating income, with significant growth potential. Looking ahead, we are confident that with our continued commitment to delivering exceptional live experiences, we are well-positioned for attractive long-term growth and asset value creation for our shareholders.”