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Madison Square Garden Sports Corp. reported solid financial results for the fiscal 2024 third quarter, with revenues of $430.0 million, a 12% increase compared to the prior year. The company generated operating income of $79.7 million, a slight decrease of 2%, and adjusted operating income of $88.7 million, a 3% increase. The increase in revenues was driven by higher ticket-related revenues, suite revenues, food, beverage, and merchandise sales, local media rights fees, and revenues from league distributions. The Knicks played additional home games at The Garden, contributing to the revenue growth.
Madison Square Garden Sports Corp. (NYSE: MSGS) will release its fiscal 2024 third quarter results on May 2, 2024. The Company will not hold an earnings conference call this quarter as it generally hosts calls for its second and fourth quarters to provide a mid-season update and a full-season review.
