• Loading stock data...
Thursday, July 3, 2025

MSG Entertainment Revenue Up 73%

  • Madison Square Garden Entertainment welcomed the return of live sports with a revenue increase of 73% in its 2022 fiscal Q1.
  • The company completes its acquisition of MSG Networks in July.
kemba_walker_with_basketball
Vincent Carchietta-USA TODAY Sports/Design: Alex Brooks

Madison Square Garden Entertainment bounced back from the pandemic with substantial growth across its live entertainment and hospitality business lines.

Company revenue grew 73% year-over-year in its fiscal first quarter of 2022, ending Sept. 30, to $294.5 million.

The company houses the New York Knicks and Rangers’ physical home, Madison Square Garden, and completed its acquisition of media outlet MSG Networks in July. 

Both teams are owned by MSG Entertainment CEO and chairman James Dolan. MSG Networks also broadcasts the New York Islanders and New Jersey Devils.

  • Its entertainment division reflected the return of live events, bringing in $34.2 million compared to $7.6 million in the same quarter last year, but that did not include any Knicks games and only two Rangers preseason games. 
  • Through five regular-season home games, the Knicks have been at 87.7% capacity, 17th in the NBA. The Rangers have been at 83.5% capacity, 21st in the NHL, in their first four home games.

New York City has no options for live sports betting, but the state is in the process of establishing mobile sports betting, announcing its first selections of companies permitted to offer mobile sportsbooks on Monday.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 29, 2025; New York, New York, USA; New York Knicks forward Precious Achiuwa (5) sets a pick against Indiana Pacers guard Bennedict Mathurin (00) for Knicks guard Jalen Brunson (11) during the third quarter of game five of the eastern conference finals during the 2025 NBA Playoffs at Madison Square Garden.

Activist Investor Thinks the Knicks Are Trapped Inside MSG Sports

An activist investor wants the Knicks to be spun off or sold.
Udoka

Knicks Striking Out on Big-Name Tom Thibodeau Replacements So Far

Three teams have denied the Knicks permission to interview their coaches.
Dec 26, 2024; Indianapolis, Indiana, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) dribbles the ball while Indiana Pacers guard Bennedict Mathurin (00) defends in the second half at Gainbridge Fieldhouse.

NBA Finals Ticket Prices Down 25%, Still Average Over $1,000

The NBA Finals tip off Thursday in Oklahoma City.

Featured Today

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
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

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
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.