earnings
confidence high
sentiment positive
materiality 0.75
MSG Sports Q3 revenue $430M (+12% YoY); adjusted operating income up 3% to $88.7M
Madison Square Garden Sports Corp.
2024-Q3 EPS reported
$1.38
revenue$799,898,000
- Revenue of $430.0M, up $47.2M (+12%) from prior year; driven by higher ticket, suite, and media rights fees.
- Operating income $79.7M (-2% YoY); adjusted operating income $88.7M (+3% YoY).
- Knicks and Rangers both qualified for playoffs; strong demand for 2024-25 season ticket renewals noted.
- Five additional Knicks home games at The Garden boosted Q3 revenues vs. last year.