Madison Square Garden Sports

Madison Square Garden Sports Corp. is a professional sports company. It owns and operates a portfolio of assets featuring the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League (NHL). The company’s other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League (the AHL) and the Westchester Knicks of the NBA G League (NBAGL). It owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming (CLG), a North American esports organization. The company also operates professional sports team performance centers, including the Madison Square Garden Training Center in Greenburgh, NY and the CLG Performance Center in Los Angeles, CA. The company was founded on March 4, 2015, and is headquartered in New York, NY.

Earnings data Q3 2021

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Madison Square Garden Sports excels in Q2, eyes growth opportunities

Madison Square Garden Sports (MSGS) delivered a strong financial performance in Q2 2023, driven by the success of the Knicks and Rangers, solid revenue growth, and prudent financial management.
The company's focus on shareholder value, operational efficiency, and strategic investments positions it well for future growth opportunities and navigating potential challenges in the sports entertainment industry.
With a commitment to enhancing shareholder returns, exploring new revenue streams, and optimizing financial strategies, MSGS is poised to capitalize on market opportunities and sustain its competitive edge.

MSG Sports reports record revenues in 2023, eyes growth opportunities

MSG Sports had a successful fiscal year 2023, driven by record revenues and strong performance from the Knicks and Rangers. While facing challenges of higher expenses in the upcoming year, the company is optimistic about growth opportunities and remains focused on revenue maximization and fan engagement.

MSG Sports reports robust Q2 earnings, eyes fan engagement growth

Madison Square Garden Sports demonstrated resilience and revenue growth despite challenges, leveraging strong fan loyalty and engagement.
The company's focus on enhancing fan experiences and expanding partnerships positions it well for revenue diversification and future growth.
Opportunities lie in leveraging digital platforms, upcoming media rights renewals, and the increasing value of sports franchises for sustained success.

Madison Square Garden Sports achieves record revenues in fiscal '24

Madison Square Garden Sports delivered a stellar performance in fiscal '24, fueled by record revenues and strong operating income, driven by successful seasons for the Knicks and Rangers.
Despite challenges in the media rights landscape and managing debt levels, the company's strengths in fan support, premium hospitality, and strategic partnerships position it well for future growth.
With opportunities to capitalize on brand success, innovate in fan engagement, and optimize financial strategies, MSGS remains confident in creating long-term shareholder value and sustaining its competitive edge.

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Madison Square Garden Sports Corp. is a sports company, which owns and operates a portfolio of assets featuring the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League. The company’s other franchises include development league teams, such as the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. The firm also operates professional sports team performance centers in the Madison Square Garden Training Center in Greenburgh, NY. The company was founded on March 4, 2015 and is headquartered in New York, NY.

The headline numbers for Madison Square Garden (MSGS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Madison Square Garden (MSGS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Madison Square Garden (MSGS) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.88. This compares to loss of $0.79 per share a year ago.

Madison Square Garden (MSGS) Reports Q1 Loss, Tops Revenue Estimates

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2024.   Last month, the New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2024-25 regular seasons at the Madison Square Garden Arena.

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2025 FIRST QUARTER RESULTS

NEW YORK , Oct. 28, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Friday, November 1, 2024 before the market opens reporting results for its fiscal first quarter ended September 30, 2024. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review.

Madison Square Garden Sports Corp. to Release Fiscal 2025 First Quarter Results

Benjamin Moore Remains In-Game Helmet Sponsor and Expands Sponsorship as the Official Paint, Stain and Coatings Partner of the NY Rangers NEW YORK , Oct. 10, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) announced today the renewal and expansion of their marketing partnership with Benjamin Moore, a Berkshire Hathaway company and a leader in paint, color and coatings. As part of the partnership, Benjamin Moore remains the Rangers in-game helmet sponsor, with a logo on either side of each player worn helmet during all home and away pre-season, regular season and if applicable, post-season games, with the exception of any NHL-controlled games.

NEW YORK RANGERS AND BENJAMIN MOORE RENEW AND EXPAND SIGNATURE MULTI-YEAR PARTNERSHIP

Madison Square Garden Entertainment

Sphere Entertainment Co

Verizon

New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE: SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE: VZ), naming America's leading telecommunications company the Official Mobile Wireless Partner across the MSG Family of Companies. This first-of-its-kind integrated marketing partnership provides exposure for Verizon across the MSG Family of Companies' portfolio of premier sports and entertainment assets, which includes New York's Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, Beacon Theatre; The Chicago Theatre; Sphere in Las Vegas; the New York Knicks, New York Rangers and Westchester Knicks professional sports franchises; the Christmas Spectacular Starring the Radio City Rockettes; and MSG Networks.

THE MSG FAMILY OF COMPANIES AND VERIZON EXPAND PARTNERSHIP, NAMING VERIZON THE OFFICIAL MOBILE WIRELESS PARTNER ACROSS THE COMPANIES' PORTFOLIO

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Madison Square Garden Sports (MSGS) fourth-quarter fiscal 2024 results are aided by strong demand for the Knicks and the Rangers, as both teams had impressive regular seasons that resulted in playoff appearances.

Madison Square Garden Sports (MSGS) Q4 Earnings Top Estimates

Madison Square Garden Sports Corp. (NYSE:MSGS ) Q4 2024 Earnings Conference Call August 13, 2024 10:00 AM ET Company Participants Ari Danes - Investor Relations and Financial Communications Jamaal Lesane - Chief Operating Officer Victoria Mink - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants David Karnovsky - JP Morgan Daniel Juran - Morgan Stanley Brandon Ross - LightShed Peter Supino - Wolfe Research Paul Golding - Macquarie Securities Operator Good morning. Thank you for standing by, and welcome to the Madison Square Garden Sports Corp. Fiscal 2024 Fourth Quarter and Year-End Earnings Conference Call.

Madison Square Garden Sports Corp. (MSGS) Q4 2024 Earnings Call Transcript

Record Revenues of Over $1 Billion for Fiscal 2024, up 16% Year-over-Year Record Operating Income of $146.0 Million and Adjusted Operating Income of $172.2 Million for Fiscal 2024(1) NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) (the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. The fiscal 2024 fourth quarter was highlighted by the New York Knicks (the "Knicks") and New York Rangers (the "Rangers") both qualifying for the playoffs, culminating with the Knicks advancing to the Eastern Conference Semifinals and the Rangers advancing to the Eastern Conference Finals.

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL-YEAR RESULTS

NEW YORK , Aug. 7, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Tuesday, August 13, 2024 at 10:00 a.m. Eastern Time.

Madison Square Garden Sports Corp. to Host Fiscal 2024 Fourth Quarter and Year-End Conference Call

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NEW YORK , July 9, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") today announced that Jamaal Lesane, an accomplished executive with multifaceted sports industry experience, has been named Chief Operating Officer. Mr. Lesane previously served as MSG Sports' Executive Vice President and General Counsel since March 2022.

MSG SPORTS NAMES JAMAAL LESANECHIEF OPERATING OFFICER

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NEW YORK , May 2, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal third quarter ended March 31, 2024.   During the fiscal 2024 third quarter, the New York Knicks ("Knicks") and New York Rangers ("Rangers") continued their 2023-24 regular seasons, with operating results reflecting increases in average per-game paid attendance, average ticket prices and ancillary per-capita spending, as well as strong demand for premium hospitality offerings.

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2024 THIRD QUARTER RESULTS

NEW YORK , April 26, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Thursday, May 2, 2024 before the market opens reporting results for its fiscal third quarter ended March 31, 2024. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review.

Madison Square Garden Sports Corp. to Release Fiscal 2024 Third Quarter Results

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MSG Sports' (MSGS) second-quarter fiscal 2024 results showcase a declining top line, primarily driven by nine fewer season home games played by the Knicks and the Rangers, partially offset by higher local media rights fees and revenues from league distributions.

MSG Sports (MSGS) Q2 Earnings & Revenues Beat, Down Y/Y

Madison Square Garden Sports Corp. (MSGS) Q2 2024 Earnings Call Transcript

NEW YORK , Feb. 6, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2023.   With the 2023-24 New York Knicks ("Knicks") and New York Rangers ("Rangers") seasons now more than halfway complete, the Company has continued to see positive operating momentum across its business.

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2024 SECOND QUARTER RESULTS

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