• Loading stock data...
Saturday, July 12, 2025

Postseason Runs For Knicks, Rangers Spur MSG Sports’ Revenue Jump

  • MSG Sports reported $382.7M revenue in 2023 fiscal Q3, a $45M increase over the same period in 2022.
  • Revenues were up across tickets, suites, sponsorship, and food, beverage and merchandise for the quarter.
Madison-Square-Garden
Brad Penner-USA TODAY Sports

Strong seasons for the New York Knicks and Rangers helped propel Madison Square Garden Sports Corp. to a 13% year-over-year increase in third-quarter revenue.

The company reported $382.7 million in revenue for its 2023 fiscal third quarter ending March 31 — a $45 million increase over the same period in 2022. Operating income for the quarter was $81.8 million, a 33% jump of $20.4 million from the year prior.

  • Preseason and regular-season ticket revenue were up $22 million, primarily due to 40 home games played during the period — two more than MSG’s total last year. 
  • Food, beverage, and merchandise sales increased $3.2 million compared to 2022.
  • Suite revenues rose $8.9 million. 
  • Local media rights for the company increased $6.9 million due to contractual rate increases and the scheduling of the 2021-22 NHL season, which impacted revenue splits in different quarters. 

MSG Sports’ $382.7 million in third-quarter revenue is up from the $353.7 million it reported in February for Q2 2023. 

The company also said it’s had strong season-ticket renewals so far for both the Knicks and Rangers’ 2023-24 seasons thanks to both teams’ postseason runs. The Knicks are playing the Miami Heat in the Eastern Conference Semifinals — their first semis appearance since 2013. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Stephen Curry celebrates after sinking the winning putt during the final round of the American Century Celebrity Championship golf tournament at Edgewood Tahoe Golf Course in Stateline, Nev., Sunday, July 16, 2023.

Golf’s Hottest Celebrity Tournament Keeps Getting More Exclusive

The American Century Championship tees off at Lake Tahoe on Friday.
Jul 10, 2025; Wimbledon, United Kingdom; Iga Swiatek of Poland at her on court interview after winning her match against Belinda Bencic of Switzerland on day 11 at All England Lawn Tennis and Croquet Club.

Wimbledon Set to Deliver Strong Finals Matchup for ESPN

Novak Djokovic is still in the hunt for his 25th Grand Slam.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.

Jalen Williams Signs Max Deal As Thunder Commit $822M to 3 Stars

Oklahoma City also extended Shai Gilgeous-Alexander and Chet Holmgren.

Featured Today

Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Alex Rodriguez

Finally in Charge, A-Rod Says Timberwolves Need New Arena

Rodriguez and Lore would like to repair team relations with Kevin Garnett.
July 9, 2025

From Dynasty to Disarray: Red Bull Fires Christian Horner

He served as Red Bull team principal for more than two decades.
Alex Sarr
July 9, 2025

Wizards Pushing Limits of Youth With 11 Players on Rookie Deals

Washington’s 2025 first-round pick is top-eight protected.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Chelsea
July 8, 2025

Chelsea Club World Cup Run Banks at Least $100M for Mark Walter..

The Blues will likely take home between $100 million and $120 million.
July 8, 2025

Texas Sports Teams, Leagues Donate Over $5M to Flood Relief

NFL, MLB, and NBA teams in Texas donate to flood recovery efforts.
Chelsea
July 8, 2025

Club World Cup Semis Are Battle to Make Richest Soccer Final Ever

Semifinalists have each earned at least $60 million from the tournament so far.
July 7, 2025

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.