Madison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets consists of the New York Knickerbockers of the National Basketball Association NBA and the New York Rangers of the National Hockey League NHL. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League (AHL) and the Westchester Knicks of the NBA G League (NBAGL). It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming (CLG), a North American esports organization. In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles. Madison Square Garden Sports Corp. was formerly known as The Madison Square Garden Company. The company was incorporated in 2015 and is based in New York, New York.
IPO Year: 2015
Exchange: NYSE
Website: msgsports.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2023 | Neutral | Seaport Research Partners | |
| 6/2/2022 | $231.00 | Outperform | Wolfe Research |
| 12/15/2021 | $230.00 → $200.00 | Overweight → Equal-Weight | Morgan Stanley |
| 11/1/2021 | $220.00 → $230.00 | Overweight | Morgan Stanley |
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NEW YORK, Oct. 28, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will issue a press release on Friday, November 1, 2024 before the market opens reporting results for its fiscal first quarter ended September 30, 2024. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp.
Record Revenues of Over $1 Billion for Fiscal 2024, up 16% Year-over-Year Record Operating Income of $146.0 Million and Adjusted Operating Income of $172.2 Million for Fiscal 2024(1) NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) (the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. The fiscal 2024 fourth quarter was highlighted by the New York Knicks (the "Knicks") and New York Rangers (the "Rangers") both qualifying for the playoffs, culminating with the Knicks advancing to th
NEW YORK, Aug. 7, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Tuesday, August 13, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgsports.com under the heading "Events." For
NEW YORK, April 26, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will issue a press release on Thursday, May 2, 2024 before the market opens reporting results for its fiscal third quarter ended March 31, 2024. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp. Madis
NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2023. With the 2023-24 New York Knicks ("Knicks") and New York Rangers ("Rangers") seasons now more than halfway complete, the Company has continued to see positive operating momentum across its business. During the fiscal 2024 second quarter, average per-game revenues for nearly every key revenue category – including tickets, suites, food, beverage and merchandise – exceeded results for the prior year period
NEW YORK, Jan. 31, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgsports.com under the heading "Events." For those who
Record Revenues of $887.4 Million for Fiscal 2023Fiscal 2023 Operating Income of $85.2 Million and Adjusted Operating Income of $115.0 Million(1)Returned Approximately $250 Million to Shareholders in Fiscal 2023(2) NEW YORK, Aug. 17, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) (the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2023. The fiscal 2023 fourth quarter was highlighted by both the New York Knicks (the "Knicks") and New York Rangers (the "Rangers") participating in the playoffs followin
NEW YORK, Aug. 10, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2023 on Thursday, August 17, 2023 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgsports.com under the heading "Events." For
NEW YORK, April 28, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will issue a press release on Thursday, May 4, 2023 before the market opens reporting results for its fiscal third quarter ended March 31, 2023. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp. Madi
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) today reported financial results for the fiscal second quarter ended December 31, 2022. The New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2022-23 regular seasons in October at the Madison Square Garden Arena ("The Garden"). The Company has continued to experience positive operating momentum across its key revenue categories driven by sustained consumer and corporate demand. For the fiscal 2023 second quarter, average per-game revenues for tickets, suites, sponsor
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
Nexen Tire Will be Integrated Across Rangers Digital Platforms and During Rangers Games at The Garden NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) announced today a marketing partnership with Nexen Tire, naming one of the leading global tire manufacturers an Official Partner of the New York Rangers. Through the partnership, Nexen Tire will receive significant brand promotion during Rangers games at Madison Square Garden, including digital dasherboard signage, virtual blue line signage and ribbon LED signage. Nexen Tire will also receive exposure on the digital boards outside of Madison Square Garden, which are on display to the millions of people who
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Twenty-nine National Basketball Association teams will attempt to ruin the back-to-back championship ambitions of the reigning champ Boston Celtics. After free agency, several teams saw their betting odds improve, including one NBA team that is publicly traded. What Happened: While many struggling NBA teams looked to turn their fortunes around with the 2024 NBA Draft, several key NBA championship contenders took to free agency to land new signings or utilized trades to send draft picks for assets that could help them win now. The Celtics are heavy favorites to win back-to-back NBA championships. Here's a look at the current odds from DraftKings Inc (NASDAQ:DKNG) and the betting odds
The Boston Celtics won their 18th NBA championship in the 2023-2024 season. The team could be under new ownership soon, with the owners looking to move on after guiding the team to two championships and locking up several star players long-term. What Happened: Investors have limited options when it comes to adding public sports teams to their portfolio. Those with deep pockets often wait until a top sports team goes up for sale. Today, one of the most storied National Basketball Association franchises of all time is on the auction block. Boston Basketball Partners announced they plan to sell a majority stake in the team in 2024 or early 2025. "The controlling family of the owners
In the 2022-2023 National Basketball Association (NBA) offseason, one of the key storylines was whether or not star LeBron James would retire from the league. For the 2023-2024 NBA offseason, James will again be a key storyline as he potentially enters free agency and could team up with his son Bronny James on an NBA roster. What Happened: For years, LeBron James has hinted at wanting to play with his son in the NBA someday, a storyline now front and center and could impact the NBA Draft, free agency and give sports bettors something to wager on. Choosing to leave the University of Southern California (USC) after one season, 19-year-old Bronny James is one of the most talked about N
Madison Square Garden Sports Corp (NYSE:MSGS) reported fiscal third-quarter 2024 revenue of $429.95 million, exceeding the Wall Street analyst estimate of $420.74 million. Revenue grew by 12% year over year. This increase was primarily due to higher ticket-related revenues, suite revenues, food, beverage and merchandise sales, local media rights fees, and revenues from league distributions. The New York Knicks basketball team played five more regular-season home games at The Garden arena in the current year than in the prior year. Quarterly earnings per share totaled $1.57, missing the analyst consensus estimate of $2.60. Madison Square reported an adjusted operating income of $8
Madison Square Garden (NYSE:MSGS) reported quarterly earnings of $1.58 per share which missed the analyst consensus estimate of $2.60 by 39.23 percent. The company reported quarterly sales of $430.00 million which beat the analyst consensus estimate of $420.74 million by 2.20 percent. This is a 12.35 percent increase over sales of $382.74 million the same period last year.
The 2024 Stanley Cup Playoffs will determine which team wins the championship for this season among the National Hockey League (NHL) teams. One of the key storylines for the NHL Playoffs remains a long-running drought for Canadian teams. What Happened: Hockey is well-known as one of the most loved sports in Canada, but when it comes to winning the Stanley Cup, the country hasn't had much recent success. The Montreal Canadiens are the last Canadian hockey team to win the Stanley Cup, which came back in the 1992-1993 NHL season. Of the 32 NHL teams, seven are home to Canada. For the 2023-2024 NHL Playoffs, four of the 16 teams are from Canada, giving the country a 25% chance of win
Xtract One Technologies Inc. (TSX:XTRA) (OTCQX:XTRAF) (FRA: 0PL) ("Xtract One" or the "Company") is pleased to announce that it has entered into an engagement letter with Eight Capital (the "Agent") pursuant to which the Agent has agreed to conduct a public offering of units (the "Units") on a "commercially reasonable best-efforts" marketed basis (the "Offering"). Each Unit shall consist of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). The number of Units to be sold and amount of proceeds to be raised under the Offering will be determined in the context of the market. There can be no assurance as to whether or when
Madison Square Garden Sports Corp. (NYSE:MSGS) shares are trading higher on Tuesday. The company reported a second-quarter fiscal 2024 revenue of $326.89 million, exceeding the Wall Street estimate of $325.72 million. Revenue, however, fell 8% year over year. In the fiscal 2024 second quarter, the Knicks and Rangers played a combined nine fewer regular season home games. Higher local media rights fees and revenues from league distributions partially offset the decrease in revenues. Quarterly earnings per share totaled $0.59, beating the estimate of $0.55. Madison Square reported adjusted operating income of $37.0 million, a decrease of 43% year over year. Pre/regular season t
Madison Square Garden (NYSE:MSGS) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.55 by 7.27 percent. This is a 29.76 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $326.90 million which beat the analyst consensus estimate of $325.72 million by 0.36 percent. This is a 7.58 percent decrease over sales of $353.69 million the same period last year.
Seaport Research Partners initiated coverage of MSG Sports with a rating of Neutral
Wolfe Research resumed coverage of MSG Sports with a rating of Outperform and set a new price target of $231.00
Morgan Stanley downgraded MSG Sports from Overweight to Equal-Weight and set a new price target of $200.00 from $230.00 previously
Morgan Stanley reiterated coverage of Madison Square Garden with a rating of Overweight and set a new price target of $230.00 from $220.00 previously
Macquarie resumed coverage of Madison Square Garden Sports with a rating of Outperform and set a new price target of $205.00 from $190.00 previously
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) today reported financial results for the fiscal first quarter ended September 30, 2024. Last month, the New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2024-25 regular seasons at the Madison Square Garden Arena. Recent Company operating highlights include: The combined average season ticket renewal rate for the Knicks and Rangers is approximately 97% for the 2024-25 seasons;The Company announced a new multi-year marketing partnership with the Department of Culture an
NEW YORK, Oct. 28, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will issue a press release on Friday, November 1, 2024 before the market opens reporting results for its fiscal first quarter ended September 30, 2024. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp.
MSG Family Of Companies And DCT Abu Dhabi Announce Multi-Year Marketing Partnerships Across Marquee Assets In New York And Las Vegas NEW YORK and ABU DHABI, United Arab Emirates, Oct. 17, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") today announced a new marketing partnership naming 'Experience Abu Dhabi' as the Official Patch Partner of the New York Knicks, forging a significant integration between DCT Abu Dhabi and one of the most storied franchises in professional sports. Furthermore, Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment") and Sphere Entertai
Benjamin Moore Remains In-Game Helmet Sponsor and Expands Sponsorship as the Official Paint, Stain and Coatings Partner of the NY Rangers NEW YORK, Oct. 10, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) announced today the renewal and expansion of their marketing partnership with Benjamin Moore, a Berkshire Hathaway company and a leader in paint, color and coatings. As part of the partnership, Benjamin Moore remains the Rangers in-game helmet sponsor, with a logo on either side of each player worn helmet during all home and away pre-season, regular seaso
New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE:MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE:SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE:VZ), naming America's leading telecommunications company the Official Mobile Wireless Par
Record Revenues of Over $1 Billion for Fiscal 2024, up 16% Year-over-Year Record Operating Income of $146.0 Million and Adjusted Operating Income of $172.2 Million for Fiscal 2024(1) NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) (the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. The fiscal 2024 fourth quarter was highlighted by the New York Knicks (the "Knicks") and New York Rangers (the "Rangers") both qualifying for the playoffs, culminating with the Knicks advancing to th
NEW YORK, Aug. 7, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Tuesday, August 13, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgsports.com under the heading "Events." For
NEW YORK, July 9, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) ("MSG Sports") today announced that Jamaal Lesane, an accomplished executive with multifaceted sports industry experience, has been named Chief Operating Officer. Mr. Lesane previously served as MSG Sports' Executive Vice President and General Counsel since March 2022. As Chief Operating Officer, Mr. Lesane works closely with executive leadership to strengthen the Company's portfolio and support its long-term direction and growth. This includes supporting MSG Sports' overall strategic visio
GREENWICH, Conn., June 03, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the l
GREENWICH, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the li