Madison Square Garden SportsNYSE: MSGS

MSG Sports' (MSGS) second-quarter fiscal 2024 results showcase a declining top line, primarily driven by nine fewer season home games played by the Knicks and the Rangers, partially offset by higher local media rights fees and revenues from league distributions.

Madison Square Garden Sports Corp. (MSGS) Q2 2024 Earnings Call Transcript

NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 10:00 a.m. Eastern Time.

Madison Square Garden Sports Corp. owns a strong portfolio of sports assets and intangibles, including the New York Knicks and New York Rangers. The company reported significant quarterly net sales growth and operates in a market expected to grow at a CAGR of 21.26% from 2021 to 2028. While there are risks from competition and debt levels, the company's assets and sponsorship agreements mitigate some of these concerns.

Madison Square Garden Sports (MSGS) fourth-quarter fiscal 2023 results are hurt by fewer Knicks and Rangers regular season as well as playoff home games compared with the prior-year period.

While the top- and bottom-line numbers for Madison Square Garden (MSGS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MSG Sports' (MSGS) fourth-quarter fiscal 2023 results are likely to gain from strong demand at New York Knicks and New York Rangers regular-season games at the Madison Square Garden Arena.

# Boyar Value Group President Jonathan Boyar spoke with Yahoo Finance Live anchors Julie Hyman and Brad Smith about why he likes small cap sports franchises such as the Liberty Braves and Madison Square Garden Sports.