Why Madison Square Shares Are Rising Despite Playing Fewer Knicks And Rangers Games In Q2

Madison Square Garden Sports Corp. (NYSE:MSGS) shares are trading higher on Tuesday.

The company reported a second-quarter fiscal 2024 revenue of $326.89 million, exceeding the Wall Street estimate of $325.72 million. Revenue, however, fell 8% year over year.

In the fiscal 2024 second quarter, the Knicks and Rangers played a combined nine fewer regular season home games. Higher local …

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