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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 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.
Madison Square Garden Sports Corp. (NYSE: MSGS) and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) have announced a multi-year marketing partnership. 'Experience Abu Dhabi' will become the Official Patch Partner of the New York Knicks, featuring their logo on all Knicks game jerseys, warm-up jackets, and shooting shirts starting from the 2024-2025 season.
The partnership extends to Madison Square Garden Entertainment Corp. (NYSE: MSGE) and Sphere Entertainment Co. (NYSE: SPHR), collectively known as the MSG Family of Companies. DCT Abu Dhabi will have global rights to use Madison Square Garden marks and will be featured as an Official Partner of Madison Square Garden in New York and Sphere in Las Vegas.
This collaboration aims to boost Abu Dhabi's global visibility as part of its Tourism Strategy 2030 and solidify its position as a premier sports destination and the home of basketball in the Middle East.
Madison Square Garden Sports Corp. (NYSE: MSGS) has renewed and expanded its partnership with Benjamin Moore, a Berkshire Hathaway company. The partnership includes:
1. Benjamin Moore remaining as the Rangers in-game helmet sponsor for all games except NHL-controlled ones.
2. Introduction of 'The Benjamin Moore Boardroom,' a private hospitality space at The Garden.
3. Continuation of community initiatives to renovate local hockey rinks.
4. Benjamin Moore receiving branding on digitally enhanced dasherboards during nationally televised Rangers home games.
5. Brand activations at the Rangers' annual 'Casino Night' benefiting the Garden of Dreams Foundation.
6. Presence on MSG Networks throughout the season and access to unique hospitality experiences.
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.
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