MSG Sports: Fiscal Q2 revenue rose 9% to $357.8 million, but operating income fell 54%
MSG Sports reported fiscal second-quarter results for the three months ended December 31, 2024, in a press release furnished with an 8-K on February 4, 2025. Revenue rose 9% on three more home regular-season games and higher per-game revenue, but operating income fell 54% as direct operating expenses rose faster than revenue, cutting diluted earnings per share to $0.05 from $0.59.
Key points
- Revenue was $357.8 million, up $30.9 million (9%) from the prior year quarter.
- Operating income was $13.3 million, down $15.5 million (54%); adjusted operating income was $20.2 million, down 45%.
- Direct operating expenses rose $43.5 million (19%) to $275.8 million, driven mainly by higher team personnel compensation and league revenue sharing and luxury tax.
- Diluted earnings per share were $0.05 versus $0.59 a year earlier; net income was $1.1 million versus $14.2 million.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.