• Loading stock data...
Monday, February 10, 2025

Mets’ Citi Field Earned Record $244M in 2022 Revenue

  • The New York Mets’ Citi Field earned a $114.7 million profit in 2022.
  • That figure does not include income from media rights.
A view of Citi Field before a wildcard game between the New York Mets and San Diego Padres in 2022.
Brad Penner-USA TODAY Sports

Fortunately for them, the big-spending New York Mets have a ballpark that brings in major profits.

Citi Field’s finances were revealed in documents seen by Forbes, providing a rare look into the major costs and revenue drivers of an MLB team.

The document shows that Queens Ballpark Company, a subsidiary wholly owned by the Mets which operates Citi Field, earned a record $244.3 million in revenue in 2022.

  • Of that sum, more than half, $133 million, came from ticket sales. Luxury suite premiums added an additional $10.3 million.
  • Advertising and concessions were the second- and third-biggest revenue drivers with a respective $48.5 million and $22.3 million on the year. Parking fees chipped in $12.4 million.
  • The team hosted only three postseason games, but those brought in $7.7 million.

Operating expenses reached $114.7 million, meaning Citi Field generated a net profit of $129.6 million.

A detailed view of an MLB baseball sitting on grass.

MLB Owners Confront Payroll Disparity Among Teams

MLB launched an economic reform committee in part to address payroll disparity.
February 27, 2023

The figures do not include other revenue sources, namely from media rights. The team earns over $80 million from its local cable network, SNY, and more than $60 million from national broadcasting deals distributed evenly to all teams.

The Mets will spend nearly $500 million on players’ salaries and luxury tax payments this year. Team owner Steve Cohen said that the team lost money in 2022, but declined to say how much.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Eagles Set to Host 2025 NFL Kickoff: Who Will Be Their Opponent?

Speculation begins on Philadelphia’s opponent for the 2025 kickoff game.

Chiefs to Make $17M Travis Kelce Decision After Super Bowl Loss

Kelce, 35, is the NFL’s highest-paid tight end.

Chiefs Face Uncertain Stadium Future After Three-Peat Denied

The franchise wants public funding to help renovate or build a new stadium.

Featured Today

Brady and Mahomes

Chiefs Fatigue Is Real. It’s Nowhere Near Patriots Hate Yet

People who have covered both teams say the difference is stark.
Nov 24, 2024; Inglewood, California, USA; Philadelphia Eagles quarterback Jalen Hurts (1) celebrates with running back Saquon Barkley (26) after the Eagles defeat the Los Angeles Rams during the first half at SoFi Stadium.
February 7, 2025

How the Eagles Reinvented Championship Roster Construction

Philadelphia is one of the most innovative franchises in the NFL.
February 3, 2025

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Nov 3, 2024; Philadelphia, Pennsylvania, USA; General view of the inside bowl of Lincoln Financial Field before a game between the Philadelphia Eagles and the Jacksonville Jaguars.

Will Eagles’ Super Bowl Win Spark New Stadium Talks in South Philly?

The Super Bowl champions are considering various facility options.
February 5, 2025

Chiefs’ Ambitious Facility Plans Hinge on Stadium Future

Chiefs consider $425 million training facility as stadium future and brand strategy evolve.
Jan 31, 2013, New Orleans, LA, USA; General view of the downtown New Orleans skyline and Benson Tower and Mercedes-Benz Superdome in advance of Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers.
February 6, 2025

The Battle for the Super Bowl: Can New Orleans Still Host the..

New Orleans’s Super Bowl future is up against tough competition from newer stadiums.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 5, 2025

Rays Receive Blunt Message From St. Pete Mayor: We’re Ready to Move..

More doubt creeps into the MLB club’s already fraught stadium deal.
February 4, 2025

From Parking to Parties: Superdome’s Super Bowl Transformation

The Super Bowl’s corporate-driven hospitality boom leaves fewer tickets for average fans.
January 28, 2025

Commanders Don’t Yet Control RFK Stadium Site. An Architect Has Grand Plans..

Architect Kyle Murphy seeks a “truly national stadium.”
January 27, 2025

Rays Stadium Deal in Trouble: Owner Raises Concerns Over Funding Delays

The MLB club still has concerns about an agreed-to stadium deal.