Madison Square Grdn Sprt Corp - MSGS STOCK NEWS

Keurig Dr Pepper (KDP) has announced a multi-year partnership making Snapple® the Official Tea Partner of the New York Knicks, New York Rangers, and Madison Square Garden. The partnership includes a new Snapple Mini Mart concession stand with NYC theming and introduces six Snapple flavors throughout the arena.

The agreement features exclusive product sampling opportunities at Knicks and Rangers games, digital signage presence on GardenVision, and promotional activities during Arena Concert Series events. Snapple will offer both regular and zero sugar varieties including Raspberry Tea, Half n' Half Lemonade Iced Tea, Peach Tea, and Lemon Tea at select concession stands.

This strategic partnership represents a homecoming for Snapple, which was founded in Brooklyn, NY in 1972, and aims to expand the brand's reach in its birthplace while connecting with a global audience at MSG venues.

Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced a multi-year integrated marketing partnership with Liquid Death, making it an Official Partner across the MSG Family of Companies. The beverage company will become the Official Sparkling Water Partner across MSG's portfolio, including Madison Square Garden, The Theater at MSG, Radio City Music Hall, Beacon Theatre, Sphere in Las Vegas, the New York Rangers, and the Christmas Spectacular.

The partnership includes significant brand presence on Sphere's Exosphere, the world's largest LED screen. Liquid Death will have the opportunity to create sweepstakes, conduct post-game sampling at Rangers games, and maintain an interactive activation space during select home games. Their products will be available at select concession stands across the venues, with the brand also serving as The Official Iced Tea Partner for several MSG properties.

Madison Square Garden Sports Corp. (NYSE: MSGS) has announced a new sponsorship deal with Tres Agaves Tequila, making it an official sponsor of the New York Rangers. The partnership includes dedicated ribbon LED signage and GardenVision features during regular season Rangers home games, particularly during the 'Three Stars' highlight segment.

The sponsorship extends to virtual advertisements during game telecasts on MSG Networks, ensuring brand visibility to at-home viewers. Tres Agaves, known as the #1 selling organic tequila in the US, will integrate its brand into the in-arena experience, aligning with the Rangers' commitment to excellence and community values under their shared motto 'It Takes Everyone.'

Madison Square Garden Sports Corp. (NYSE: MSGS) has announced a new multi-year partnership with Nutrabolt, making C4 Energy the Official Energy Drink of the New York Knicks. The partnership includes prominent digital signage throughout Madison Square Garden, featuring courtside LED displays during non-nationally televised regular season home games and virtual advertisement placement during games televised on MSG Networks.

The partnership will extend to the Knicks website and the Seventh Avenue LED marquee sign outside The Garden. C4 Energy, recognized as one of the fastest-growing energy drink brands in the country, will leverage this partnership to connect with the Knicks' fanbase while highlighting their NSF Certified for Sport products.

Madison Square Garden Sports Corp. (NYSE: MSGS) reported its fiscal 2025 second quarter results, showing mixed performance. Revenues increased by 9% to $357.8 million compared to the prior year, driven by higher ticket-related revenues, suite revenues, and sponsorship. The growth was partially attributed to the Knicks and Rangers playing three more home games at Madison Square Garden Arena.

However, operating income decreased by 54% to $13.3 million, and adjusted operating income fell by 45% to $20.2 million. The decline was primarily due to increased direct operating expenses, including higher team personnel compensation ($15.2 million) and higher net provisions for league revenue sharing and NBA luxury tax ($14.9 million).

Key revenue improvements included pre/regular season ticket-related revenues (+$14.3 million), suite revenues (+$7.0 million), and sponsorship and signage revenues (+$3.1 million). Direct operating expenses increased by 19% to $275.8 million.

Madison Square Garden Sports Corp. (NYSE: MSGS) has announced it will host a conference call to discuss its fiscal 2025 second quarter results on Tuesday, February 4, 2025, at 10:00 a.m. Eastern Time. The financial results, covering the period ended December 31, 2024, will be released before the market opens.

Participants can join via telephone by dialing 888-660-6386 with conference ID 6996895, or watch the webcast at investor.msgsports.com under 'Events.' A replay will be available by phone at 800-770-2030 (same conference ID) from 1:00 p.m. ET on February 4 until 11:59 p.m. ET on February 11, 2025. The webcast replay will also be accessible until February 11, 2025.

Madison Square Garden Sports Corp. (NYSE: MSGS) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) have announced a partnership with Waterloo Sparkling Water, making it an official partner of the New York Rangers and Madison Square Garden.

The partnership includes the availability of Waterloo products at concession stands throughout MSG, featuring a dedicated concession stand on the sixth floor Infosys Level concourse. The brand will receive premier integration during Rangers games through digitally enhanced dasherboards and in-arena LED signage. Additionally, Waterloo will be integrated across Rangers digital platforms and featured in team emails to fans throughout the year.

This marks Waterloo's largest multi-year venue sponsorship to date, aiming to enhance the fan experience at The Garden through expanded beverage options.

Madison Square Garden Sports Corp. (NYSE: MSGS) reported financial results for Q1 FY2025. Revenue increased 24% to $53.3 million, primarily driven by a $9.7 million increase in league distributions. Operating loss improved 44% to $8.3 million, while adjusted operating loss improved 77% to $2.3 million. The company achieved a 97% season ticket renewal rate for Knicks and Rangers. Notable developments include new marketing partnerships with Abu Dhabi Tourism (Knicks patch sponsor), Lenovo/Motorola, and renewals with Verizon and Benjamin Moore. The suites business showed strong performance with successful renewals and expanded event-level club space.

Madison Square Garden Sports Corp. (NYSE: MSGS) announced it will release its fiscal 2025 first quarter financial results on Friday, November 1, 2024, before market opening. The results will cover the period ended September 30, 2024. The company noted it typically holds earnings conference calls only twice per year - during fiscal second and fourth quarters - to provide a mid-season update and full-season review, respectively. Therefore, no earnings call will be conducted for this quarter's results.