Rising Costs Eat Into Madison Square Garden Profits - Madison Square Garden (NYSE:MSGE)

Rising Costs Eat Into Madison Square Garden Profits - Madison Square Garden (NYSE:MSGE)

Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported its fiscal third-quarter results Thursday. The company showcased strong top-line growth but faced pressure on its bottom line due to rising operational costs. Mixed Results On The Bottom Line The entertainment giant posted quarterly earnings of 11 cents per share. This figure missed the analyst consensus estimate of 16 cents. It also represents a decline from the 17 cents per share r…

Madison Square Garden spies on fans. There's a budget crisis. Why does MSG still not pay property taxes?

'There's no reason that the status quo should persist. Their success is welded to New York City.'