Madison Square Garden Sports reports $78.5 million loss in 4th quarter


Madison Square Garden Sports on Friday reported a loss of $78.5 million in its fiscal fourth quarter.

On a per-share basis, the New York-based company said it had a loss of $3.27. Losses, adjusted to account for discontinued operations, came to $3.26 per share.

For the year, the company reported a loss of $182.4 million, or $7.62 per share, swinging to a loss in the period. Revenue was reported as $603.3 million.

Madison Square Garden Sports shares have fallen 43 percent since the beginning of the year. The stock has fallen 42 percent in the last 12 months.

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