Welcome to our dedicated page for Madison Square Grdn Sprt news (Ticker: MSGS), a resource for investors and traders seeking the latest updates and insights on Madison Square Grdn Sprt stock.
Madison Square Garden Sports Corp. (MSG Sports) (NYSE: MSGS) is a professional sports company built around marquee franchises such as the New York Knicks of the NBA and the New York Rangers of the NHL, along with development league teams and the MSG Training Center in Greenburgh, New York. The MSGS news feed highlights how these teams and related assets are used in live events, partnerships and fan-focused initiatives.
News about MSG Sports often covers marketing partnerships that integrate brands into the Knicks and Rangers game experience at Madison Square Garden. Recent announcements include Saie being named an Official Partner of the New York Knicks with in-arena LED signage and GardenVision features, Polymarket becoming the Official Prediction Market Partner of the New York Rangers with activations during Rangers games, and Insomnia Cookies being named the Official Cookie of the New York Knicks with a dedicated concession stand on the main concourse.
Investors and fans can also follow corporate developments such as multi-year partnerships with companies like PwC, which has been named The Official Business Consulting Partner of the Arena at Madison Square Garden, the Knicks and the Rangers, and Pellera Technologies’ role as Presenting Partner of the Rangers Centennial Exhibit. In addition, the news flow includes team-focused milestones like the Rangers’ Centennial season theme nights and initiatives celebrating 100 years of franchise history.
Financial updates are another key component of MSGS news. The company issues earnings releases, including quarterly results that discuss revenues, operating income (loss), adjusted operating income (loss), league distributions, local media rights fees and key operating highlights for the Knicks and Rangers seasons. For a consolidated view of these announcements, the MSGS news page provides a single stream of press releases and related disclosures.
Madison Square Garden Sports Corp. (NYSE: MSGS) reported record financial results for fiscal 2024, with revenues exceeding $1 billion, up 16% year-over-year. The company's operating income increased 71% to $146.0 million, while adjusted operating income rose 50% to $172.2 million. The strong performance was driven by robust demand for the New York Knicks and New York Rangers, both of which had successful regular seasons and playoff runs.
For the fiscal 2024 fourth quarter, MSGS reported revenues of $227.3 million, a 79% increase from the prior year quarter. Operating income for the quarter was $52.3 million, compared to a loss in the previous year. The impressive results were attributed to higher playoff-related revenues, increased regular season ticket sales, and growth in suite revenues and sponsorships.
Madison Square Garden Sports Corp. (NYSE: MSGS) has announced its upcoming fiscal 2024 fourth quarter and year-end conference call, scheduled for Tuesday, August 13, 2024, at 10:00 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Interested parties can participate via telephone by dialing 888-660-6386 with the conference ID 6996895, or through a webcast available at investor.msgsports.com under the 'Events' section.
For those unable to join the live call, a recording will be accessible by dialing 800-770-2030 (conference ID 6996895) from 1:00 p.m. Eastern Time on August 13 until 11:59 p.m. Eastern Time on August 20, 2024. Additionally, a webcast replay will be available on the company's website until August 20, 2024.
Madison Square Garden Sports Corp. (NYSE: MSGS) has appointed Jamaal Lesane as its new Chief Operating Officer. Lesane has been with MSG Sports for over 15 years, serving most recently as Executive Vice President and General Counsel. In his new role, he will work closely with executive leadership to enhance MSG Sports' portfolio and support its strategic vision, driving innovation and optimizing performance across the company's professional sports franchises, including the New York Knicks and New York Rangers. Lesane's responsibilities will encompass strategic planning, marketing, ticketing, in-game experiences, and community and fan development.
Lesane's previous roles at MSG included Senior Vice President and Associate General Counsel. Before joining MSG, he worked at HBO as Associate Counsel and at Covington and Burling LLP as a corporate lawyer. He holds a B.A. from Yale University and a J.D. from Harvard Law School.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.