Why Is Madison Square Garden Stock Down Today?
Why Is Madison Square Garden Stock Down Today?
Madison Square Garden Entertainment Corp. (NYSE:MSGE) shares are trading lower after it reported third-quarter FY24 results.
麥迪遜廣場花園娛樂公司（紐約證券交易所代碼：MSGE）公佈24財年第三季度業績後，股價走低。
Revenue rose 13% Y/Y to $228.3 million, missing the analyst consensus of $324.6 million.
收入同比增長13％，至2.283億美元，未達到分析師共識的3.246億美元。
Revenues from entertainment offerings rose 13% Y/Y to $146.2 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements.
娛樂產品的收入同比增長13％，達到1.462億美元，這要歸因於賽事相關收入和收入的增加，前提是根據競技場許可協議與MSG Sports共享經濟利益。
Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by a higher number of concerts held at the venues and the impact of five more Knicks home games.
食品、飲料和商品收入同比增長14％，達到4540萬美元，這得益於在場館舉行的音樂會數量的增加以及尼克斯隊另外五場主場比賽的影響。
Event-related revenues increased $10.7 million compared to the prior year, aided by an increase in the number of concerts at the venues.
與上年相比，與活動相關的收入增加了1,070萬美元，這得益於場館音樂會數量的增加。
In addition, the company reported an adjusted operating income of $38.5 million, down 23% Y/Y, in the quarter, due to higher selling, general and administrative expenses.
此外，該公司報告稱，由於銷售、一般和管理費用增加，本季度調整後的營業收入爲3,850萬美元，同比下降23％。
EPS $0.06 beat the consensus of $(0.12).
每股收益0.06美元超過市場普遍預期的0.12美元。
As of March-end, cash and equivalents stood at $28.3 million.
截至3月底，現金及等價物爲2830萬美元。
Outlook: Madison Square Garden raised the lower end of FY24 sales guidance, revising the range to $940 million-$950 million (from $930 million-$950 million) vs. $1.05 billion estimate.
展望：麥迪遜廣場花園上調了24財年銷售預期的下限，將區間從預期的10.5億美元上調至9.4億美元至9.5億美元（從9.3億美元至9.5億美元）。
Also, the company increased adjusted operating income outlook to $200 million-$210 million from $195 million-$205 million in FY24.
此外，該公司將調整後的營業收入前景從24財年的1.95億美元至2.05億美元上調至2億美元至2.1億美元。
The company remains on track to achieve a low double-digit percentage increase in the number of bookings events in FY24.
該公司仍有望在24財年實現預訂活動數量的低兩位數百分比增長。
Investors can gain exposure to the stock via Zacks Trust Zacks Small/Mid Cap ETF (NYSE:SMIZ).
投資者可以通過Zacks Trust Zacks小型/中型股ETF（紐約證券交易所代碼：SMIZ）獲得股票敞口。
Price Action: MSGE shares are down 5.44% to $37.71 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，MSGE股價下跌5.44％，至37.71美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。