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Madison Square Garden Sports (MSGS)
NYSE:MSGS
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.31Last Year’s EPS
$0.59Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 0.49%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with record-breaking financial results, strong team performances, and high fan engagement. However, there are notable challenges in the media rights landscape that could impact future revenues.Company Guidance
In the MSGS Q4 2024 earnings call, the company reported record financial achievements, with revenues surpassing $1 billion and an adjusted operating income (AOI) of $172 million, both exceeding fiscal 2023 results. Key metrics highlighted include local TV ratings, which saw a mid to high teens percentage increase, and the combined average season ticket renewal rate for the Knicks and Rangers at approximately 94%. The call detailed significant playoff-related revenue, with 15 playoff games contributing $128 million, translating to approximately $8.5 million in average per game revenues. The company also outlined its strategic decision to maintain current season ticket prices for loyal holders while exploring pricing opportunities for new packages, anticipating modest ticket revenue growth in fiscal 2025. Additionally, the call addressed the evolving sports media landscape, noting potential impacts on local media rights revenue due to new NBA national media agreements. The company continues to focus on strengthening fan engagement, as evidenced by the addition of 830,000 new social media followers, and expanding partnerships, including new collaborations with brands like Beyond Meat and Pfizer.Record-Breaking Revenue and Growth
MSG Sports generated revenues of over $1 billion and adjusted operating income of $172 million for fiscal '24, both setting new records and exceeding fiscal '23 results.
Strong Team Performance
The Rangers won the President's Trophy, and the Knicks had their best regular-season record in over 10 years. Both teams advanced to the playoffs, with the Rangers reaching the Eastern Conference final.
High Ticket Renewal Rates
The average combined season ticket renewal rate for the Knicks and Rangers is approximately 94% for the '24, '25 season.
Increased Fan Engagement
Local TV ratings for both teams were up by a mid to high teens percentage, and over 830,000 net new social media followers were added during the season.
Successful Sponsorship and Premium Hospitality
Welcomed several new marketing partners and saw record suite revenues driven by strong demand and new offerings.
Positive Financial Dynamics from Playoffs
Hosted 15 playoff games resulting in $128 million in playoff-related revenues, translating to approximately $8.5 million in average per game revenues.
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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 |
|---|---|---|---|
| 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% |
| Feb 06, 2024 | $181.82 | $192.77 | +6.02% |
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 (MSGS) report earnings?
Madison Square Garden Sports (MSGS) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Madison Square Garden Sports (MSGS) earnings time?
Madison Square Garden Sports (MSGS) earnings time is at Jan 30, 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 (Q2) is $0.31.
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