Shares of New York Knicks owner Madison Square Garden Sports (MSGS.N) rose about 3% to $487 in premarket trading.
The company beat fourth-quarter revenue and profit estimates, boosted by the Knicks' championship playoff run bringing in more ticket, merchandise and playoff revenue, as well as higher NBA media-rights fees.
It reported fourth-quarter revenue of $278.7 million, topping analysts' estimates of $221.3 million, according to LSEG data.
Quarterly EPS was $1.16, also above expectations of 59 cents.
As of the last close, MSGS was up about 24% year to date.
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