Madison Square Garden Sports Corp. Class A (MSGS)

Over the past six months, MSGS stock has increased by 20.70%, reaching an all-time high of $237.99 USD on December 15, 2024. In the fiscal 2025 fourth quarter, revenues decreased by 10% to $204.0 million, with an operating loss of $22.6 million, influenced by the New York Knicks' participation in the NBA playoffs. The company amended its local media rights agreements with MSG Networks, reducing annual rights fees for the New York Knicks and New York Rangers and extending the contract expiration date. MSG Networks issued penny warrants to Madison Square Garden Sports Corp., allowing them to acquire 19.9% of MSG Networks' equity interests. The company's fiscal 2025 full-year revenue increased by 1% to $1,039.2 million.

Demand for Madison Square Garden Sports Corp.'s products and services exhibits seasonality, driven by the schedules of the NBA and NHL seasons. The start of the regular seasons for the New York Knicks and New York Rangers significantly impacts quarterly revenues. The company sees strong demand, evidenced by high season ticket renewal rates. Postseason play also drives increased revenue.

Madison Square Garden Sports Corp. owns and operates professional sports teams, including the New York Knicks, Westchester Knicks, New York Rangers, and Hartford Wolf Pack. The company also has a presence in esports through Knicks Gaming. Its mission is to create exceptional fan experiences and drive value through its sports teams and associated media and content.

Madison Square Garden Sports Corp. has a significant presence in North America and is headquartered in New York City. The New York Knicks and New York Rangers play their home games at Madison Square Garden. The company also operates the Madison Square Garden Training Center in Greenburgh, New York.

Madison Square Garden Sports Corp. benefits from the enduring brand equity of the New York Knicks and New York Rangers. Strong fan and corporate demand for its teams has led to increased per-game revenues. The Knicks' postseason run to the Eastern Conference Finals in fiscal 2025 contributed to positive sentiment. The amendment of local media rights agreements with MSG Networks was a strategic restructuring to ensure continued broadcast presence for fans.

Madison Square Garden Sports Corp. has significant institutional ownership, with 61% of the company owned by institutions. Major institutional shareholders include BlackRock, Inc., Silver Lake Group, L.L.C., Vanguard Group Inc., Ariel Investments, Llc, Gamco Investors, Inc. Et Al, T. Rowe Price Investment Management, Inc., Bill & Melinda Gates Foundation Trust, and State Street Corp. James L. Dolan, the Executive Chairman and CEO, holds 0.7% of the company's shares.