Reports Q3 revenue $424.2M, consensus $427.39M. Q3 EPS results were impacted by higher net provisions for league revenue sharing expense and NBA luxury tax of $33.8M and higher team personnel compensation of $14.7M, both as compared to the prior year period. Reports Q3 Adjusted operating income $36.931M vs. $88.701M last year. Madison Square Garden Sports Executive Chairman and CEO James L. Dolan said, “Our Q3 results reflect growth in per-game revenues driven by continued robust demand for the Knicks and Rangers. And while the Company is now seeing the impact of the evolving landscape for local media rights, we remain as confident as ever in the value of owning marquee professional sports franchises.”
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