Madison Square Garden Sports Corp. is a publicly owned sports holding company founded in 2010. Headquartered in the United States, the company employs approximately 430 people and its primary business is spectator sports. MSG Sports' holdings include prominent professional sports franchises such as the New York Knicks (National Basketball Association) and the New York Rangers (National Hockey League).
Madison Square Garden Sports' fiscal third-quarter 2025 results, released on May 5, 2025, showed a revenue of US$424.2 million, a 1.3% decrease compared to the same period in 2024. The company reported a net loss of US$14.2 million, a significant decrease from the US$37.9 million profit in the third quarter of 2024, resulting in a loss of US$0.59 per share compared to a profit of US$1.58 per share in the prior year's third quarter. Morgan Stanley attributed the decrease in revenue and adjusted operating income to a reduction in local media rights under a revised agreement with Sphere Entertainment's MSG Networks. Separately, GAMMA Investing LLC increased its stake in Madison Square Garden Sports by 14886.7% during the first quarter, owning 137,278 shares after purchasing an additional 136,362 shares.
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Madison Square Garden Sports offers products in the media and telecoms services industry. Madison Square Garden Sports's product portfolio comprises of media and TV services.
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