SIXS - Madison Square Garden Sports' Topline Climbs Amid Higher Ticket Sales Yet Earnings Fall Short | Benzinga
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.