Madison Square Grdn Sprt Corp Stock Price, News & Analysis

Madison Square Garden Sports is excited to welcome fans back after nearly a year, with both the Knicks and Rangers set to host around 2,000 fans starting February 23 and February 26, respectively. Tickets will be available first to season ticket members and suite holders, with prices starting at $50. The teams are committed to ensuring safe experiences for fans and will honor essential workers during the games. This reopening signifies a positive step for New York amid the pandemic, highlighting the importance of fans in sports.

The New York Knicks and Squarespace launched the fourth annual 'Make It Awards' to support local businesses in the tri-state area. Four winners will receive a $30,000 grant, a one-year Squarespace subscription, marketing support, and mentorship. Applications are open until March 12, 2021. Since 2018, $360,000 has been awarded to local entrepreneurs. The judging panel includes prominent figures from various industries. This initiative underscores their commitment to fostering community and supporting small businesses during challenging times.

Madison Square Garden Sports Corp. (NYSE: MSGS) reported fiscal Q2 2021 results, revealing a revenue of $28.8 million, down 90% or $264 million year-over-year due to COVID-19 impacts. The company faced an operating loss of $38.4 million, compared to a loss of $0.2 million in the prior year. The New York Knicks played only nine games, while the Rangers had none due to restrictions. President Andrew Lustgarten expressed confidence in a return to normal operations and the company's strong fundamentals.

Madison Square Garden Sports Corp. (NYSE:MSGS) announced a conference call on February 3, 2021, at 10:00 a.m. ET to discuss its fiscal second-quarter results for the period ended December 31, 2020. The results will be reported prior to market opening. Interested participants can join by dialing 877-347-9170 with conference ID 5598615 or via webcast at investor.msgsports.com. A recording will be available after the call until February 10, 2021. More details can be found on the company’s website.

CLG, a leading North American esports organization, has formed a marketing partnership with Playfull, a rewards platform for gamers. As part of this collaboration, Playfull will integrate its brand across CLG’s digital channels. The partnership aims to enhance engagement with CLG's fanbase, allowing Playfull to offer CLG merchandise as rewards for gamers' achievements. CLG is known for its significant esports legacy, partnering with Madison Square Garden Sports Corp. to strengthen its position in the industry.

The New York Rangers have announced a partnership with Northwell Health, naming them the Presenting Partner for this year's Rangers Training Camp and their first-ever practice jersey sponsor. The partnership includes the 'NYRises' campaign, honoring inspiring New Yorkers during tough times. Players will wear custom-designed practice jerseys, showcasing the stories of these individuals. This initiative aims to recognize community heroes and will feature charitable donations throughout the season.

CLG, a leading North American esports organization, has partnered with goodr, a brand known for affordable and stylish sunglasses, to launch CLG-branded sunglasses in early 2021. The new GAME goodr sunglasses line features eight colorways inspired by retro games and includes blue light blocking technology. This partnership aims to promote esports culture and acknowledges that gamers also enjoy outdoor activities. goodr will leverage CLG’s platforms for marketing and promotional events as part of the collaboration.

Madison Square Garden Sports Corp. (MSGS) reported fiscal Q1 2021 results, revealing revenues of $57.0 million, a 14% increase from the previous year. The operating loss improved by 54% to $27.4 million, and the adjusted operating loss decreased by 56% to $17.8 million. The company completed a $600 million debt refinancing to enhance financial flexibility. Key drivers included increased league distribution revenues despite lower ticket-related revenues due to COVID-19. MSGS now holds $273.5 million in liquidity but saw cash drop to $23.5 million due to compensation expenses.

Madison Square Garden Sports Corp. (NYSE: MSGS) will release its fiscal first quarter results for the period ending September 30, 2020, on November 9, 2020, before market opening. Notably, the company has announced a shift in its earnings call strategy, opting to hold only two earnings conference calls annually, corresponding to its fiscal second and fourth quarters. MSG Sports manages notable assets, including the New York Knicks and New York Rangers, as well as esports teams and training centers.