Madison Square Garden Sports Corp. (NYSE:MSGS) Q2 2024 Earnings Conference Call February 6, 2024 10:00 AM ET

Company Participants

Ari Danes - Investor Relations

David Hopkinson - President and Chief Operating Officer

Victoria Mink - Executive Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

David Karnovsky - JPMorgan

Brandon Ross - LightShed Partners

Logan Angress - Wolfe Research, LLC

Paul Golding - Macquarie

David Joyce - Seaport Research Partners

Operator

Good morning. Thank you for standing by and welcome to the Madison Square Garden Sports Corp. Fiscal 2024 Second Quarter Conference Call. [Operator Instructions] I would now like to turn the call over to Ari Danes, Investor Relations. Please go ahead.

Ari Danes

Thank you, operator. Good morning and welcome to MSG Sports' Fiscal 2024 Second Quarter Earnings Conference Call. Our President and COO, David Hopkinson, will begin this morning's call with an update on the company's strategy and operations. This will be followed by a review of our financial results with Victoria Mink, our EVP, Chief Financial Officer and Treasurer. After our prepared remarks, we will open up the call for questions. If you do not have a copy of today's earnings release, it is available in the Investors section of our corporate website.

Please take note of the following. Today's discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. On Pages 4 and 5 of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income, or AOI, a non-GAAP financial measure.

And with that, I'll now turn the call over to David.

David Hopkinson

Thank you, Ari and good morning, everyone. With the '23, '24 NBA and NHL seasons now more than halfway complete, I'm pleased to say that our positive operating momentum from last year has carried forward into fiscal '24. This momentum is reflected in our fiscal second quarter results, with revenues of approximately $327 million and adjusted operating income of $37 million.