MSG Networks Inc. (MSGN) Misses Q1 EPS by 3c

MSG Networks Inc. (NYSE: MSGN) reported Q1 EPS of $0.61, $0.03 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $157.36 million versus the consensus estimate of $157.74 million.

President and CEO Andrea Greenberg said, “We experienced strong engagement and advertising results during our fiscal first quarter tied to the return of live sports to our networks, which we believe firmly underscores the importance of our live local sports content and the value it delivers to our affiliates, advertisers and fans. While we await the start of the 2020-21 NBA and NHL seasons, we continue to introduce new content to engage our viewers, while we navigate the ever-changing media landscape which remains impacted by the ongoing COVID-19 pandemic.”

For earnings history and earnings-related data on MSG Networks Inc. (MSGN) click here.

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