Finance

MSG Sports generated $353.7M of revenue during the second quarter of FY 2023, a 22% increase year-over-year. Operating income was $51.5M (up 43% year-over-year), according to the company’s SEC filing yesterday. For the fiscal 2023 second quarter, average per-game revenues for tickets, suites, sponsorship and food, beverage and merchandise...

Fox saw revenue increase 4% during the quarter ended Dec. 31, as “advertising sales got a boost” from the net’s broadcast of the FIFA World Cup and NFL, according to Will Feuer of the WALL STREET JOURNAL. Revenue reached $4.61B, beating Wall Street expectations of $4.58B. Ad revenue also...

Bluestone Equity Partners, a newly launched private equity firm, has raised a $300M growth equity fund to invest in sports and entertainment properties. Bluestone is led by founder and Managing Partner Bobby Sharma and Partner Kyle Charters . The firm’s debut fund, Bluestone Capital I, closed...

ESPN+ is now at 24.9 million subscribers, up from 24.3 million three months ago, according to the latest Disney quarterly earnings. That figure also is up from 21.3 million at the same time last year. ...

Aramark announced a healthy first quarter earnings summary, including, year-over-year, a 42% boost in operating income (to $200M) and a 17% increase in revenue to $4.6B. Aramark’s U.S. division, which includes Sports, Leisure & Corrections, booked $2.9B of that total revenue. Aramark also sold its non-controlling interest in AIM...

AECOM booked $3.4B in revenue during the first quarter of FY 2023, the company reported yesterday evening. AECOM’s design backlog increased by 9% to a record high and the company saw a 30% jump in proposals and submitted bids, up 20% from the prior quarter and further indication of...

U.S. investor Sixth Street is "among the firms preparing a multibillion-euro bid" for a portion of the media and commercial rights to Germany’s football league. The sale of "a minority stake" in the Bundesliga rights -- which could be valued at up to $19.4B -- comes as...

WWE CEO Nick Khan said that an exploration of "strategic alternatives is in early stages but well underway and the company will 'consider a broad range of possibilities.'” Majority shareholder and former longtime CEO Vince McMahon , who stepped back last summer, returned as...

Lenders to Learfield have "engaged restructuring attorneys as the company faces" more than $1B of debt coming due this year, according to sources. The lenders "have engaged law firm Paul Weiss Rifkind Wharton & Garrison LLP, while the company is being advised by Kirkland & Ellis LLP," the sources said....

JPMorgan Chase has "written to Italy's top soccer league," Serie A, to "express a preliminary interest" in "supporting the development of Serie A's media business." Interest from the U.S. bank "rivals that of several investment funds" which have approached Serie A as the league "prepares to hold a tender...