• Loading stock data...
Friday, June 6, 2025

More Rangers Games Boost MSG Sports’ Q2 Revenue

  • MSG Sports generated $353.7 million in second-quarter revenue.
  • Operating income jumped 43% year-over-year to $51.5 million.
A view of the court at Madison Square Garden during a New York Knicks game
Brad Penner-USA TODAY Sports

The parent company of the New York Knicks and Rangers had a successful second quarter as the teams began their regular seasons at Madison Square Garden Arena.

Madison Square Garden Sports Corp. generated $353.7 million in fiscal second-quarter revenue — a 22% year-over-year increase — boosted by the Rangers playing six more regular-season home games than they did during the same period the year prior.

  • Pre- and regular-season ticket-related revenues jumped $29.7 million.
  • Suite license fee revenues increased $12.5 million.
  • Sponsorship and signage revenue rose $10 million.
  • Food, beverage, and merchandise sales increased $4 million during the preseason and regular season.

Local media rights fee increased $3.9 million, and league distributions were up $3.2 million due to increased NBA and NHL media rights fees.

Operating income jumped 43% year-over-year to $51.5 million in the quarter ending Dec. 31.

Attorney Conflicts

Madison Square Garden Entertainment, which owns Madison Square Garden Arena, is facing scrutiny for barring specific lawyers from attending Rangers and Knicks games and using facial technology to keep certain people out. 

But some rules were amended on Monday when the company announced it’s exploring a potential sale of its majority interest in Tao Group Hospitality.

“As a result of MSG Entertainment’s exploration of a potential sale of its majority interest in Tao Group Hospitality, effective immediately, the Company has lifted the adverse attorney policy for any litigation currently pending with Tao entities,” a statement from MSG Entertainment reads.

The policy still applies to lawyers at other firms involved in legal action against MSG Entertainment.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

French Open Ratings Up 23% in Week 1 Ahead of Star-Powered Finals

The women’s final will feature the world’s top two players.

Manfred: MLB Wants New Media-Rights Deal Before All-Star Game

Talks continue with three bidders, and a decision is expected soon.
Jun 4, 2025; Paris, FR; Coco Gauff of the United States celebrates winning her match against Madison Keys of the United States on day 11 at Roland Garros Stadium.

Coco Gauff Is Last Hope for U.S. to End French Open Drought

Gauff last made the French Open final in 2022.

Featured Today

May 27, 2015; Paris, France; Mirjana Lucic-Baroni (CRO) knocks the clay off her shoe during her match against Simona Halep (ROU) on day four of the French Open at Roland Garros

Roland-Garros’s Iconic Red-Clay Surface Is a Precise Alchemy

The exact science behind maintaining the French Open’s red clay.
Alex Jensen introductory press conference on Monday, March 17, 2025.
June 3, 2025

Alex Jensen Started Utah Utes HC Job While Still Coaching the Mavs

How Jensen began building an NCAA program while patrolling the Dallas sideline.
May 31, 2025

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
James Harden

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Sponsored

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

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.