Madison Square Garden Sports reports record FY2024 revenue of $1.03B, up 16% YoY; Q4 swings to profit

Madison Square Garden Sports Corp.

2024-FY EPS reported $2.44 revenue$1,027,149,000

FY2024 revenue $1.027B (+16% YoY); operating income $146.0M (+71%); adjusted operating income $172.2M (+50%).
Q4 revenue $227.3M (+79% YoY); operating income $52.3M vs prior-year loss of $12.2M.
Q4 adjusted operating income $56.5M vs prior-year loss of $7.8M; driven by Knicks/Rangers playoff games.
Playoff-related revenues increased $71.8M in Q4 due to combined 7 more playoff home games.
CEO James L. Dolan cites robust demand; company well-positioned for long-term value.

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