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Madison Square Garden Sports Corp. (MSGS)
:MSGS
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
1.71Last Year’s EPS
1.57Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -5.85%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, particularly in ticket sales and sponsorships, reflecting robust demand and fan engagement. However, concerns regarding local media rights negotiations and potential impacts from MSG Networks' financial issues posed significant challenges. Despite an impressive revenue increase, operating income declined due to higher expenses. The overall sentiment is balanced with both positive achievements and notable challenges.Company Guidance
During the Madison Square Garden Sports Corp. fiscal 2025 second quarter earnings call, several key metrics were highlighted. The company reported total revenues of approximately $358 million and an adjusted operating income of about $20 million for the quarter. This growth was attributed to strong demand across key revenue areas, including ticketing, suites, sponsorship, and food, beverage, and merchandise, with pre-game revenues up compared to the fiscal 2024 second quarter. The Knicks and Rangers' season ticket renewal rate was approximately 97%, with increased demand for flexible ticket plans contributing to year-over-year increases in average ticket yield and average paid attendance per game. Event-related revenues rose 14% year-over-year to $139.4 million, while suites and sponsorship revenues grew by 15% to $79.4 million. Despite facing challenges in the media rights sector, including negotiations with MSG Networks and a blackout with Altice USA, the company remains confident in the long-term value of its marquee sports franchises.Revenue Growth
MSG Sports generated revenues of approximately $358 million for the fiscal 2025 second quarter, reflecting an increase from $326.9 million in the prior year period.
Strong Ticket Sales
Average combined season ticket renewal rate was approximately 97%, with year-over-year increases in both average ticket yield and average paid attendance.
Sponsorship Success
The company secured new multiyear sponsorships with Lenovo, Motorola, and a significant agreement with Abu Dhabi's Department of Culture and Tourism.
Merchandise and In-Arena Spending
In arena spending on food, beverage, and merchandise per cap was up compared to the fiscal 2024 second quarter, driven by innovative merchandise offerings and collaborations.
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MSGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MSGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $218.23 | $210.40 | -3.59% |
| Nov 01, 2024 | $222.70 | $220.99 | -0.77% |
| Aug 13, 2024 | $195.79 | $194.77 | -0.52% |
| May 02, 2024 | $185.76 | $183.31 | -1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Madison Square Garden Sports Corp. (MSGS) report earnings?
Madison Square Garden Sports Corp. (MSGS) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Madison Square Garden Sports Corp. (MSGS) earnings time?
Madison Square Garden Sports Corp. (MSGS) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSGS EPS forecast?
MSGS EPS forecast for the fiscal quarter 2025 (Q3) is 1.71.
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