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Dec 31, 2024
MSG Sports Q2 2025 Earnings Report
MSG Sports reported an increase in revenue but a decrease in operating income and adjusted operating income for Q2 2025.
Key Takeaways
Madison Square Garden Sports Corp. reported a 9% increase in revenue for the fiscal second quarter of 2025, driven by higher ticket sales, suite revenues, and sponsorship deals. However, operating income decreased by 54% and adjusted operating income decreased by 45% due to increased operating expenses, including team personnel compensation and league revenue sharing expenses.
Revenues increased by 9% compared to the prior year period, reaching $357.8 million.
Operating income decreased by 54% to $13.3 million.
Adjusted operating income decreased by 45% to $20.2 million.
The New York Knicks and New York Rangers played a combined of three more games at Madison Square Garden Arena compared to the prior year quarter.
MSG Sports
MSG Sports
Forward Guidance
MSG Sports remains confident in its fundamentals and ability to drive long-term shareholder value.