Madison Square Garden Sports

Madison Square Garden Sports Corp. is a professional sports company. It owns and operates a portfolio of assets featuring the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League (NHL). The company’s other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League (the AHL) and the Westchester Knicks of the NBA G League (NBAGL). It owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming (CLG), a North American esports organization. The company also operates professional sports team performance centers, including the Madison Square Garden Training Center in Greenburgh, NY and the CLG Performance Center in Los Angeles, CA. The company was founded on March 4, 2015, and is headquartered in New York, NY.

Earnings data Q3 2021

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Madison Square Garden Sports excels in Q2, eyes growth opportunities

Madison Square Garden Sports (MSGS) delivered a strong financial performance in Q2 2023, driven by the success of the Knicks and Rangers, solid revenue growth, and prudent financial management.
The company's focus on shareholder value, operational efficiency, and strategic investments positions it well for future growth opportunities and navigating potential challenges in the sports entertainment industry.
With a commitment to enhancing shareholder returns, exploring new revenue streams, and optimizing financial strategies, MSGS is poised to capitalize on market opportunities and sustain its competitive edge.

MSG Sports reports record revenues in 2023, eyes growth opportunities

MSG Sports had a successful fiscal year 2023, driven by record revenues and strong performance from the Knicks and Rangers. While facing challenges of higher expenses in the upcoming year, the company is optimistic about growth opportunities and remains focused on revenue maximization and fan engagement.

MSG Sports reports robust Q2 earnings, eyes fan engagement growth

Madison Square Garden Sports demonstrated resilience and revenue growth despite challenges, leveraging strong fan loyalty and engagement.
The company's focus on enhancing fan experiences and expanding partnerships positions it well for revenue diversification and future growth.
Opportunities lie in leveraging digital platforms, upcoming media rights renewals, and the increasing value of sports franchises for sustained success.

Madison Square Garden Sports achieves record revenues in fiscal '24

Madison Square Garden Sports delivered a stellar performance in fiscal '24, fueled by record revenues and strong operating income, driven by successful seasons for the Knicks and Rangers.
Despite challenges in the media rights landscape and managing debt levels, the company's strengths in fan support, premium hospitality, and strategic partnerships position it well for future growth.
With opportunities to capitalize on brand success, innovate in fan engagement, and optimize financial strategies, MSGS remains confident in creating long-term shareholder value and sustaining its competitive edge.

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Madison Square Garden Sports Corp. is a sports company, which owns and operates a portfolio of assets featuring the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League. The company’s other franchises include development league teams, such as the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. The firm also operates professional sports team performance centers in the Madison Square Garden Training Center in Greenburgh, NY. The company was founded on March 4, 2015 and is headquartered in New York, NY.

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NEW YORK , Jan. 31, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2022 on Tuesday, February 7, 2023 at 10:00 a.m. Eastern Time.

Madison Square Garden Sports Corp. to Host Fiscal 2023 Second Quarter Conference Call

Madison Square Garden

MSG Entertainment resorted to facial recognition technology to kick out legal foes, but some have undermined the ban using a law passed to protect theater critics in 1941.

Lawyers Barred by Madison Square Garden Found a Way Back In

One big plus should come with the new NBA TV contract after the 2024-25 season—it could be at least double the current one.

MSG Sports Looks Like a Bargain. Blame It on the ‘Dolan Discount.'

Buy This Stock to Get a Piece of the New York Knicks and Rangers

Many owners of sports franchises have explored sale opportunities due to high demand and large premiums in the industry. MSGS is largely controlled by the Dolan family, who will ultimately have the final say in a change of ownership.

Madison Square Garden Sports: Evaluating A Potential Selling Opportunity

MSGS provides an opportunity to own two of the most valuable trophy assets (NY Knicks and NY Rangers) in the world. Using a sum-of-the-parts analysis, we estimate the fair value of MSGS at $334, indicating ~80% upside.

Madison Square Garden Sports: Recent Comparable Transaction Supports Bull Case

Madison Square Garden Entertainment Corp. MSGE, -2.71% said late Tuesday its board has approved a "revised" plan for the planned spinoff of its businesses, and it is now exploring the separation of its live-entertainment business from the company's MSG Sphere, MSG Networks, and Tao Group Hospitality. Madison Square Garden had said it was looking to spin off the live entertainment business alongside the media business MSG Networks.

Madison Square Garden changes spinoff plans, focusing on live entertainment business

Madison Square Garden Entertainment

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (MSG Sports) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) announced today a marketing partnership with Monster Energy, naming the leading marketer of energy drinks and alternative beverages the Official Energy Drink Partner of the New York Rangers and Madison Square Garden.

Monster Energy Named Official Energy Drink Partner of the New York Rangers and Madison Square Garden

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2022.

Madison Square Garden Sports Corp. Reports Fiscal 2023 First Quarter Results

NEW YORK--(BUSINESS WIRE)--Brand Velocity Group (“BVG”), an innovative investment firm focused on acquiring and transforming businesses, today announced the launch of its sports-focused vertical, Brand Velocity Group Sports (“BVGS”).

Brand Velocity Group Launches Sports Industry Vertical

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Thursday, October 27, 2022 before the market opens, reporting results for its fiscal first quarter ended September 30, 2022.

Madison Square Garden Sports Corp. to Release Fiscal 2023 First Quarter Results

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (MSG Sports), Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) and HUB International Limited (HUB), a leading global insurance brokerage, announced today a signature marketing partnership making HUB an official partner of the New York Knicks, New York Rangers, Madison Square Garden Arena, and the Montefiore Concert Series at Madison Square Garden.

HUB International Announced as Official Partner of Madison Square Garden Sports and Madison Square Garden Entertainment

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) (NYSE: MSGS) today announced its Board of Directors has declared a special, one-time cash dividend of approximately $175 million, or $7.00 per share. The special dividend is payable on October 31, 2022 to MSG Sports shareholders of record on October 17, 2022. In addition, the Company's Board of Directors has authorized a $75 million accelerated share repurchase (ASR) program, which the Company believes is prudent given

Madison Square Garden Sports Corp. Announces Plan to Return Approximately $250 Million to Shareholders

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) today announced that Andrew Lustgarten, MSG Sports' President and Chief Executive Officer, is stepping down from his position at the end of the calendar year, and will join MSG Sports' Board of Directors, effective January 1, 2023. In addition, the Company announced that David Hopkinson, who joined MSG Sports in 2020 as Executive Vice President MSG Sports, President of Team Business Operations, has been na

MSG Sports President and CEO Andrew Lustgarten to Step Down, Effective January 1

Madison Square Garden Entertainment said Thursday that it will explore potentially spinning off live entertainment venues and a bevy of other assets into a separate company.

MSG Entertainment mulls Madison Square Garden, Radio City Music Hall split

Madison Square Garden Entertainment announced it is exploring a potential spinoff of certain assets.

MSG Entertainment exploring potential spinoff of Madison Square Garden and Radio City Music Hall

Madison Square Garden Sports Corp. (NYSE:MSGS ) Q4 2022 Earnings Conference Call August 18, 2022 10:00 AM ET Company Participants Ari Danes - Investor Relations Andy Lustgarten - President & Chief Executive Officer Victoria Mink - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Brandon Ross - LightShed Partners Ben Swinburne - Morgan Stanley David Karnovsky - JPMorgan Devin Brisco - Wolfe Research Farshid Javar - Jefferies Operator Good morning. Thank you for standing by, and welcome to the Madison Square Garden Sports Corp. Fiscal 2022 Fourth Quarter and Year-End Earnings Conference Call.

Madison Square Garden Sports Corp. (MSGS) CEO Andy Lustgarten on Q4 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fourth quarter and fiscal year ended June 30, 2022. The fiscal 2022 fourth quarter was highlighted by the New York Rangers' ("Rangers") participation in the NHL playoffs, which included 10 home playoff games at the Madison Square Garden Arena ("The Garden") and culminated in the team's return to the Eastern Conference Finals. This followed the completion of full 2021-22 regular se

Madison Square Garden Sports Corp. Reports Record Full-Year Results for Fiscal 2022

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2022 on Thursday, August 18, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available vi

Madison Square Garden Sports Corp. to Host Fiscal 2022 Fourth Quarter and Year-End Conference Call

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Madison Square Garden Sports: Patience Required But Downside Protected

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News for Madison Square Garden Sports Stock (MSGS)