
Could MSG Sports’ (MSGS) UFC Partnership at Madison Square Garden Boost Its Event-Driven Growth Story?

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MSG Sports' partnership with UFC is expected to enhance its event-driven growth narrative, particularly with UFC 322 scheduled at Madison Square Garden on November 15. This event could boost venue revenues, reinforcing MSG's status as a premier sports destination. However, challenges remain, including declining local media rights fees, which could impact earnings. Despite these pressures, MSG anticipates $1.1 billion in revenue and $102.9 million in earnings by 2028, with a potential 21% upside in stock value. Investors are advised to consider both growth opportunities and ongoing risks.
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