Madison Square Garden Sports Corp.
Description
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. The company also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League. In addition, it operates professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.
About
CEO
Mr. James Lawrence Dolan
Employees
533
Instrument type
Common Stock
Sector
Communication Services
Industry
Entertainment
MIC code
XNYS
Address
Two Pennsylvania Plaza, New York, NY 10121, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 30, 2025 | — | — | — | — |
| Aug 11, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 4, 2025 | 0.30 | — | — | — |
| Nov 1, 2024 | -0.86 | -0.31 | 0.55 | -63.95% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Jun 2025)
|
Next Year
(Jun 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 4 | 4 | 4 |
| Average estimate | — | 1.46 | 0.75 | 1.37 |
| Low estimate | — | 1.11 | 0.45 | 0.55 |
| High estimate | — | 1.96 | 1.15 | 1.69 |
| Last year EPS | — | 1.57 | 2.44 | 0.75 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-45.760%
Next qtr. (Mar 2025)
5.100%
Current year (Jun 2025)
-68.650%
Next year (Jun 2026)
143.140%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total reported revenue | 1.03B | 887.45M | 821.35M | 415.72M | 603.32M |
| Cost of revenue | 616.51M | 548.81M | 500.56M | 281.89M | 359.97M |
| Gross profit | 410.64M | 338.64M | 320.79M | 133.83M | 243.35M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 261.43M | 249.89M | 229.67M | 206.70M | 319.68M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 146.04M | 85.17M | 86.08M | -78.44M | -93.87M |
| Non operating interest income | |||||
| Income | 2.79M | 2.39M | 313,000 | 32,000 | 700,000 |
| Expense | 27.59M | 22.88M | 11.74M | 10.56M | 4.46M |
| Other income expense | -15.57M | 25.24M | -726,000 | -346,000 | -421,000 |
| Pretax income | 105.67M | 89.92M | 73.93M | -89.32M | -98.05M |
| Tax provision | 46.90M | 44.29M | 25.05M | -73.42M | 20.59M |
| Net income | 58.77M | 45.63M | 48.88M | -15.90M | -208.86M |
| Basic EPS | 2.45 | 1.90 | 2.11 | -0.58 | -7.62 |
| Diluted EPS | 2.44 | 1.89 | 2.10 | -0.58 | -7.62 |
| Basic average shares | 24.01M | 24.09M | 24.25M | 24.13M | 23.94M |
| Diluted average shares | 24.01M | 24.09M | 24.25M | 24.13M | 23.94M |
| EBITDA | 136.42M | 116.38M | 90.71M | -73.18M | -225,000 |
| Net income from continuing op. | 58.77M | 45.63M | 48.88M | -15.90M | -208.86M |
| Minority interests | — | 2.17M | 2.25M | 1.94M | 26.48M |
| Preferred stock dividends | — | 2.04M | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total assets | 1.35B | 1.32B | 1.30B | 1.31B | 1.23B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 89.14M | 40.40M | 91.02M | 64.90M | 77.85M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 33.78M | 40.14M | 47.24M | 74.20M | 7.40M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 30.96M | 24.77M | 18.81M | 16.72M | 20.63M |
| Restricted cash | 5.77M | 61,000 | — | 7.13M | 12.82M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 25.04M | 27.90M | 19.87M | 15.87M | 9.43M |
| Non current assets | |||||
| Properties | 717.44M | 736.87M | 707.82M | 721.76M | 736.14M |
| Land and improvements | 5.15M | 5.15M | 5.15M | 5.15M | 5.15M |
| Machinery furniture equipment | 555,000 | 631,000 | 786,000 | 291,000 | 377,000 |
| Construction in progress | 27,000 | 218,000 | 189,000 | 231,000 | 66,000 |
| Leases | 564,000 | 564,000 | 1.07M | 653,000 | 653,000 |
| Accumulated depreciation | -52.28M | -49.12M | -46.79M | -42.67M | -38.36M |
| Goodwill | 556.69M | 556.69M | 566.69M | 567.75M | 568.81M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 103.64M | 103.64M | 112.78M | 113.84M | 114.90M |
| Investments and advances | 62.54M | 67.37M | 4.74M | — | — |
| Other non current assets | 13.53M | 22.46M | 32.55M | 44.66M | 6.02M |
| Total liabilities | 1.61B | 1.65B | 1.45B | 1.51B | 1.44B |
| Current liabilities | |||||
| Accounts payable | 9.90M | 9.09M | 11.26M | 2.23M | 2.30M |
| Accrued expenses | 142.49M | 124.49M | 82.07M | 55.72M | 33.07M |
| Short term debt | 80.27M | 79.75M | 73.70M | 71.95M | 39.13M |
| Deferred revenue | 148.68M | 157.05M | 132.37M | 131.03M | 126.35M |
| Tax payable | — | — | — | — | — |
| Pensions | 133.93M | 144.31M | 119.28M | 90.27M | 71.45M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.02B | 1.04B | 919.59M | 1.05B | 1.03B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 16.93M | 24.02M | 8.92M | — | 57.72M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | 1.00M | 1.75M | 1.15M |
| Shareholders equity | |||||
| Common stock | 249,000 | 249,000 | 249,000 | 249,000 | 249,000 |
| Retained earnings | -115.14M | -173.91M | -35.70M | -78.90M | -43.61M |
| Other shareholders equity | -952,000 | -1.01M | -1.19M | -2.03M | -2.14M |
| Total shareholders equity | -266.31M | -337.23M | -145.38M | -201.87M | -203.44M |
| Additional paid in capital | 19.08M | 16.85M | 17.57M | 23.10M | 5.94M |
| Treasury stock | 169.55M | 179.41M | 128.03M | 146.73M | 167.43M |
| Minority interest | — | — | 1.71M | 2.44M | 3.55M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | 58.77M | 45.63M | 48.88M | -15.90M | -208.86M | -3.12M | 134.45M | -76.79M | -77.29M | -40.68M | -116.93M | -58.27M | -36.28M |
| Depreciation | 3.16M | 3.58M | 5.04M | 5.57M | 93.36M | 119.19M | 122.49M | 107.39M | 102.48M | 108.76M | 91.71M | 72.55M | 62.94M |
| Deferred Taxes | -7.14M | 15.02M | 24.48M | -73.66M | -8.03M | 150,000 | -117.31M | -4.40M | 297,000 | 436,000 | — | — | — |
| Stock-Based Compensation | 21.29M | 25.20M | 24.25M | 30.44M | 57.00M | 59.47M | 47.56M | 41.13M | 24.48M | 10.31M | 13.70M | 8.51M | 10.58M |
| Other Non-Cash Items | 7.26M | 3.33M | 1.83M | 1.08M | 5.09M | 2.92M | 3.94M | 10.12M | 31,000 | 58,000 | — | — | — |
| Accounts Receivable | -9.93M | 17.51M | 5.87M | -72.90M | -38.37M | 1.82M | 4.58M | -17.54M | -30.15M | 258,000 | -9.53M | -12.18M | 4.17M |
| Accounts Payable | 803,000 | -2.08M | 8.95M | -75,000 | -5.66M | -3.93M | 5.07M | 2.05M | 9.10M | -4.34M | 3.71M | 1.87M | 15.47M |
| Other Assets & Liabilities | 2.18M | 21.42M | 24.50M | 64.03M | 73.36M | -21.02M | 24.39M | 52.62M | 10.44M | 19.45M | 64.14M | 35.66M | 53.86M |
| Operating Cash Flow | 76.41M | 129.61M | 143.80M | -61.42M | -32.12M | 155.49M | 225.17M | 114.57M | 39.38M | 94.24M | 46.80M | 48.14M | 110.74M |
| Investing Activities | |||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | 4.32M | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -3.02M | — | — | 17.93M | 73.04M | -19.54M | -200.33M | -36.42M | -40.22M | -226.51M | — | — |
| Purchase of Investments | -7.45M | -13.55M | -2.00M | — | -405.94M | -112.69M | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | 176.66M | — | — | — | — | — | — | 44.14M | — |
| Investing Cash Flow | -7.45M | -16.58M | -4.00M | — | -152.39M | -44.06M | 9.56M | -220.08M | -45.50M | -38.90M | -215.81M | 34.14M | -31.66M |
| Financing Activities | |||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | 606,000 | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -95.00M | -140.00M | -135.00M | -25.00M | -20.00M | -110.46M | -688,000 | — | — | — | — | — | — |
| Other Financing Charges | -8.08M | -14.29M | -21.14M | 12.16M | -850.59M | -16.89M | -38.58M | -10.57M | 1.52B | 41.37M | 387.48M | 124.81M | 314.77M |
| Financing Cash Flow | -123.79M | -325.27M | -291.14M | -7.04M | -535.59M | -71.75M | -51.10M | -158.53M | 1.42B | 41.37M | 387.48M | 124.81M | 314.77M |
| Other Cash Details | |||||||||||||
| End Cash Position | 94.91M | 40.46M | 91.02M | 72.04M | 90.67M | 1.12B | 1.26B | 1.27B | 1.44B | 14.21M | 6.14M | 2.28M | 2.99M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 90.68M | 151.29M | 177.12M | -35.79M | -358.91M | -27.58M | 25.72M | 179.31M | 54.07M | 5.27M | -167.80M | -159.65M | -285.42M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 1,083,027 | 227.87M | 5.56% |
| Legg Mason ClearBridge Growth Fund | Nov 30, 2024 | 634,569 | 133.51M | 3.26% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 588,188 | 123.75M | 3.02% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 461,818 | 97.17M | 2.37% |
| Ariel Fund | Sep 30, 2024 | 306,553 | 64.50M | 1.57% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 254,714 | 53.59M | 1.31% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 249,943 | 52.59M | 1.28% |
| Baron Small Cap Fund | Sep 30, 2024 | 225,000 | 47.34M | 1.16% |
| John Hancock Small Cap Core Fd | Nov 30, 2024 | 220,541 | 46.40M | 1.13% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 175,500 | 36.93M | 0.90% |
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Madison Square Garden Sports Corp. (MSGS) Q2 2025 Earnings Call Transcript
Madison Square Garden Sports Corp. (NYSE:MSGS ) Q2 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Ari Danes - Senior Vice President of Investor Relations Jamaal Lesane - Chief Operating Officer Victoria Mink - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants David Karnovsky - JPMorgan Brandon Ross - LightShed Partners Ben Swinburne - Morgan Stanley David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by, and welcome to the Madison Square Garden Sports Corp. Fiscal 2025 Second Quarter Earnings Conference Call.
Feb 4, 2025
