Stock Track | Madison Square Garden Sports Soars on Record Q4 and Full-Year Results

Stock Track08-13

Shares of Madison Square Garden Sports Corp. (MSGS) surged over 8% in intraday trading on Monday, August 13, 2024, following the company's impressive fiscal fourth-quarter and full-year 2024 financial results.

The sports and entertainment company, which owns the New York Knicks and New York Rangers franchises, reported record revenues of over $1 billion for fiscal 2024, up 16% year-over-year. Operating income and adjusted operating income also hit record highs, driven by robust demand for the Knicks and Rangers games during their successful regular seasons and playoff runs.

For the fourth quarter, MSG Sports posted revenues of $227.3 million, a staggering 79% increase compared to the prior-year period. The company attributed this surge to higher playoff-related revenues, regular season ticket sales, suite revenues, sponsorship and signage revenues, and league distributions. Both the Knicks and Rangers played more regular season and playoff games at Madison Square Garden during the quarter, boosting overall revenue.

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(MSGS) surged over 8% in intraday trading on Monday, August 13, 2024, following the company's impressive fiscal fourth-quarter and full-year 2024 financial...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSGS","symbol_name":"麦迪逊运动","start_time":0,"source_url":"","article_id":"1166288095","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166288095","pubTimestamp":1723556067,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Madison Square Garden Sports Corp.  surged over 8% in intraday trading on Monday, August 13, 2024, following the company's impressive fiscal fourth-quarter and full-year 2024 financial results.The sports and entertainment company, which owns the New York Knicks and New York Rangers franchises, reported record revenues of over $1 billion for fiscal 2024, up 16% year-over-year. 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