Fiscal 2018 third quarter revenue of $459.6 million, up 19% versus prior year period
Fiscal 2018 third quarter operating income of $7.3 million, up 9% versus prior year period
Fiscal 2018 third quarter adjusted operating income of $49.1 million, up 13% versus prior year period
NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) — The Madison Square Garden Company (NYSE:MSG) today reported financial results for the third quarter ended March 31, 2018.
For the fiscal 2018 third quarter, the Company generated revenues of $459.6 million, an increase of 19% as compared with the prior year period. In addition, the Company generated fiscal 2018 third quarter operating income of $7.3 million and adjusted operating income of $49.1 million, which represent increases of 9% and 13%, respectively, both as compared to the prior year third quarter. (1) (2)
Executive Chairman and CEO Jim Dolan said, “For the fiscal 2018 third quarter, we generated strong growth in revenues and adjusted operating income, a reflection of our ongoing success in delivering exceptional live experiences. Our ability to provide unmatched value for our customers and partners will become even more significant as we move forward with expanding our venue footprint. We have made important progress on our plans to build state-of-the-art venues in Las Vegas, where we expect to break ground this summer, and in London, where we are working with stakeholders to make the city home to our first international music and entertainment venue. As we look ahead, we remain confident that our Company is uniquely positioned to deliver ongoing growth and value creation for our shareholders.”