billboard.com
18.05.2020 / 18:09
MSG Entertainment Posts Losses, Lower Revenue as Venues Remain Closed
Madison Square Garden Entertainment’s inaugural earnings since breaking off from its sporting side have the bad luck of also being the company's first since the COVID-19 pandemic shut its venues down. As a result of the ongoing health crisis, which kicked in roughly 18 days before the third quarter ended March 31, MSGE said on Monday that its revenues dipped 20% to $199.9 million, compared to $250 million in the prior-year quarter.