Madison Square Garden (MSGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Madison Square Garden (MSGS) reported revenue of $357.76 million for the quarter ended December 2024, marking a year-over-year increase of 9.4% [1] - The earnings per share (EPS) for the same period was $0.05, a significant decrease from $0.59 a year ago, resulting in an EPS surprise of -80.00% compared to the consensus estimate of $0.25 [1] Revenue Breakdown - Event-related revenues totaled $139.37 million, exceeding the average estimate of $134.41 million by analysts, reflecting a year-over-year increase of 13.8% [4] - League distributions and other revenues were reported at $12.07 million, slightly below the average estimate of $12.98 million, representing a year-over-year decline of 4.1% [4] - Sponsorship, signage, and suite licenses generated $79.41 million, surpassing the average estimate of $75.54 million, with a year-over-year increase of 14.6% [4] - Media rights revenues amounted to $126.90 million, slightly below the average estimate of $127.39 million, showing a year-over-year growth of 3.6% [4] Stock Performance - Over the past month, Madison Square Garden shares have returned -0.4%, while the Zacks S&P 500 composite increased by 1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]