Madison Square Garden Sports Corp · Q2 2024 earnings

Briefing

MSG Sports' Q2 2024 financial results were reported, revealing a decrease in revenue and operating income compared to the prior-year period.

Madison Square Garden Sports Corp. reported a decrease in revenue of $26.8 million, or 8%, compared to the prior year period, primarily due to fewer home games played by the Knicks and Rangers. Operating income also decreased by $22.7 million, or 44%.

• Revenues decreased by 8% due to fewer home games for the Knicks and Rangers.
• Operating income decreased by 44% compared to the prior year period.
• Average per-game revenues increased across key categories.
• Local and national media rights fees increased due to contractual rate increases.

Headline financials

Revenue & EPS history

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