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 2024

MSG Sports reports record revenues and anticipates growth in fiscal '24

MSG Sports achieved record revenues and strong operating income in fiscal '23, driven by the success of the Knicks and Rangers. The company faces challenges related to higher team operation expenses and total debt outstanding. However, it remains confident in its trajectory and anticipates revenue growth in fiscal '24, with opportunities for expansion and increased profitability.

MSG Sports reports mixed Q4 results, sees growth opportunities

MSG Sports' fiscal Q4 results showed mixed performance with strong per game revenues but a decrease in event-related and sponsorship revenues. Despite challenges, the company remains confident in its trajectory and sees opportunities for growth in fan engagement and merchandise offerings. The strong starts for the Knicks and Rangers provide a platform for continued growth and revenue generation.

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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 (NHL). The company’s other 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.

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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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NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 10:00 a.m. Eastern Time.

Madison Square Garden Sports Corp. to Host Fiscal 2024 Second Quarter Conference Call

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Madison Square Garden Sports Corp. owns a strong portfolio of sports assets and intangibles, including the New York Knicks and New York Rangers. The company reported significant quarterly net sales growth and operates in a market expected to grow at a CAGR of 21.26% from 2021 to 2028. While there are risks from competition and debt levels, the company's assets and sponsorship agreements mitigate some of these concerns.

Madison Square Garden Sports: Quarterly Double-Digit Net Sales Growth, And Not Expensive

Nexen Tire Will be Integrated Across Rangers Digital Platforms and During Rangers Games at The Garden NEW YORK , Nov. 13, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) announced today a marketing partnership with Nexen Tire, naming one of the leading global tire manufacturers an Official Partner of the New York Rangers. Through the partnership, Nexen Tire will receive significant brand promotion during Rangers games at Madison Square Garden, including digital dasherboard signage, virtual blue line signage and ribbon LED signage.

NEXEN TIRE NAMED OFFICIAL PARTNER OF THE NEW YORK RANGERS

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2023.   With the 2023-24 New York Knicks ("Knicks") and New York Rangers ("Rangers") seasons now underway, the Company is seeing continued positive operating momentum across its business.

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

NEW YORK , Oct. 27, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Thursday, November 2, 2023 before the market opens reporting results for its fiscal first quarter ended September 30, 2023. 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 First Quarter Results

Rangers and Mucinex to Partner on an Artemi Panarin Bobblehead Giveaway for Rangers vs. Seattle Kraken Game on Tues.

MUCINEX NAMED OFFICIAL COLD & FLU MEDICINE PARTNER OF THE NEW YORK RANGERS

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Madison Square Garden Sports (MSGS) fourth-quarter fiscal 2023 results are hurt by fewer Knicks and Rangers regular season as well as playoff home games compared with the prior-year period.

Madison Square Garden Sports (MSGS) Lags Q4 Earnings Estimates

Madison Square Garden Sports Corp. (NYSE:MSGS ) Q4 2023 Earnings Conference Call August 17, 2023 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 Ben Swinburne - Morgan Stanley Devin Brisco - Wolfe Research David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by, and welcome to the Madison Square Garden Sports Corp. Fiscal 2023 Fourth Quarter and Year End Earnings Conference Call.

Madison Square Garden Sports Corp. (MSGS) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Madison Square Garden (MSGS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Madison Square Garden (MSGS) Reports Q4 Earnings: What Key Metrics Have to Say

Record Revenues of $887.4 Million for Fiscal 2023 Fiscal 2023 Operating Income of $85.2 Million and Adjusted Operating Income of $115.0 Million (1) Returned Approximately $250 Million to Shareholders in Fiscal 2023(2) NEW YORK , Aug. 17, 2023 /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, 2023.   The fiscal 2023 fourth quarter was highlighted by both the New York Knicks (the "Knicks") and New York Rangers (the "Rangers") participating in the playoffs following the conclusion of the 2022-23 regular seasons.

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL-YEAR RESULTS

Madison Square Garden Sports owns the New York Knicks, New York Rangers, 2 minor league teams, a 114,000-foot complex, and eSports assets. Sports franchises have been lucrative investments, with teams often selling for much higher than their estimated value. The assets could be selling for 50%+ of intrinsic value.

Madison Square Garden Sports For The Win

MSG Sports' (MSGS) fourth-quarter fiscal 2023 results are likely to gain from strong demand at New York Knicks and New York Rangers regular-season games at the Madison Square Garden Arena.

MSG Sports (MSGS) to Post Q4 Earnings: What's in Store?

NEW YORK , Aug. 10, 2023 /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, 2023 on Thursday, August 17, 2023 at 10:00 a.m. Eastern Time.

Madison Square Garden Sports Corp. to Host Fiscal 2023 Fourth Quarter and Year-End Conference Call

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NEW YORK , July 27, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will replace Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1. S&P 500 constituent L3Harris Technologies Inc. (NYSE:LHX) is acquiring Aerojet Rocketdyne in a deal that is expected to close on July 28, pending final conditions.

Madison Square Garden Sports Set to Join S&P SmallCap 600

Madison Square Garden Sports NYSE: MSGS owns both the New York Knicks and New York Rangers, two crown jewels of their respective leagues. MSG Sports is unique because it's one of two pure plays on major US sports teams, with the only other being the Atlanta Braves NYSE: BATRA.

News for Madison Square Garden Sports Stock (MSGS)