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

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.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
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
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.
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.