MSG Entertainment Clocks 73 Percent Revenue Growth in Q1

The general view of the scoreboard showing that Toronto had sent 55 shots on Alexandar Georgiev #40 of the New York Rangers with just two minutes left to play at Madison Square Garden in New York City on Feb. 10, 2019. Bruce Bennett/Getty Images

Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) forged a multi-year marketing partnership with BetMGM, naming the sports betting and gaming entertainment company an Official Sports Betting Partner of the New York Knicks, New York Rangers, and Madison Square Garden Arena.

Madison Square Garden Entertainment reported first-quarter FY22 revenue growth of 73 percent year-on-year to $294.5 million, beating the consensus of $281.2 million.