Madison Square Garden Sports (MSGS) reported a fiscal Q3 loss of $0.59 per diluted share on Friday, compared to earnings of $1.57 a year earlier.
Analysts polled by FactSet expected GAAP earnings of $1.40 per share.
Revenue for the quarter ended March 31 was $424.2 million, down from $430 million a year earlier. Analysts surveyed by FactSet expected $425.5 million.
Madison Square Garden Sports shares were down 4% in premarket trading