Madison Square Garden Sports falls after Q2 profit miss

MSG Knickerbockers

04/02/2025 17:22

** Shares of New York Knicks owner Madison Square Garden
Sports Corp  MSGS.N  down as much as 4.1% to a nearly five-month
low of $209.21
    ** Company posted Q2 profit that missed Wall Street
estimates, hurt by an increase in team personnel compensation,
operating lease costs and professional fees
    ** Reports Q2 EPS that declined ~92% to 5 cents vs.
estimates of 26 cents- data compiled by LSEG
    ** Posts quarterly revenues of $357.8 million compared to
estimates of $352.7 million
    ** MSGS rose ~24% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))