Madison Square Garden Sports Corp. (NYSE: MSGS) today saw its shares slide as the super sports venue reported financial results for the fiscal second quarter ended December 31, 2024.
Fiscal 2025 second quarter average per-game revenues for every key revenue category – tickets, suites, sponsorship and food, beverage and merchandise – exceeded results for the prior year period. Operating income and adjusted operating income results also reflect the impact of the Knicks’ and Rangers’ rosters for the 2024-25 seasons.
For the fiscal 2025 second quarter, the Company generated revenues of $357.8 million, an increase of $30.9 million, or 9%, as compared to the prior year period. In addition, the Company reported operating income of $13.3 million, a decrease of $15.5 million, or 54%, and adjusted operating income of $20.2 million, a decrease of $16.8 million, or 45%, both as compared to the prior year period.
MSGS CEO James L. Dolan said, “In the fiscal second quarter, fan enthusiasm and robust corporate demand helped drive growth in per-game revenues across all key areas of our business. We remain confident in the fundamentals of our business and our ability to drive long-term shareholder value.”
MSGS shares $3.55, or 1.6%, to $215.00.
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