Citi Field Scores Record Revenue And Profit For New York Mets In 2022

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Citi Field Scores Record Revenue And Profit For New York Mets In 2022
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The New York Mets were stunned by the San Diego Padres in the wild card round of last year's MLB postseason, but they posted record numbers at Citi Field.

The New York Mets were stunned by the San Diego Padres in the wild card round of last year’s Major League Baseball postseason. They still had their best year ever financially at Citi Field.

The Mets, owned by billionaire Steve Cohen, posted a record of 101-61 last season, their best since 2016. The excitement pushed up average home attendance to 33,000, 60% higher than Covid-plagued 2021 and the most fans through the turnstiles at Citi Field since 2009, when they averaged just under 39,000 per game., the Mets generated revenue of $244 million at their ballpark last season and net income of $127 million, both record highs.

Keep in mind that the numbers are only a partial financial picture of the Mets. The revenue includes net admissions, advertising, concessions, parking and luxury suite premiums. Queens Ballpark filings exclude national revenue from areas like national broadcasting deals with Fox, ESPN and TBS that pay over $60 million a year to every MLB team, as well as the local cable fee the Mets get from SNY, which is over $80 million a year.

Expenses include ballpark operations and maintenance, PILOT bond payments, parking, general and administrative, publicity and promotions, and ballpark depreciation, amortization and interest. Expenses omitted from Citi Field’s results are player salaries,

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