Mets Post Record $308 Million Total Revenue in 2025

The Mets posted a new financial high in 2025.

The organization recorded a $308 million total revenue and $195 million net income last season, according to their latest unaudited statement from Queens Ballpark Company LLC. The statement covered a nine-month period from the beginning of the season to September 30, 2025, and was obtained by the Sports Business Journal.

The financial figures from 2025 set a consecutive new milestone. The Mets broke their previous figures in 2024 with a total revenue of $261 million and $125 net income.

When broken down, the Mets’ total revenue was led by net admissions. The club garnered $158 million from tickets, followed by $50 million in advertisements, $39 million in luxury suites and premium clubs, $38 million from concessions, and $17 million in parking.

The club also had total operating expenses of $111 million, led by ballpark ticket operations and maintenance of $47 million. The club also listed $24 million in lieu of taxes and $19 million in depreciation and amortization. Overall, the Mets listed total assets at $224 million and total liabilities at $242 million for an $18 million deficit.

With new revenue highs also came a higher credit rating for Citi Field’s PILOT and rental bonds. The “Queens Ballpark Company” was upgraded by Fitch Ratings from “BBB” to “A–,” suggesting a higher credit quality.

Fitch explained the upgrade “reflects MLB’s solid league economics, the historical franchise strength of the Mets, and the adoption of Fitch’s new sports criteria that opens the ‘A’ rating category for the stadium projects. The QBC retained rights revenue stream covers operating costs and stadium PILOT, and lease obligations. Though ticket and suite revenues have improved steadily in recent years, they may fluctuate with attendance levels and team performance and remain vulnerable to future impacts.”

Citi Field had received a “BBB” or better credit quality ratings from Fitch after the 2024 season. The rating was also compared to their cross-town rivals in the Bronx.

“QBC’s most comparable peer is Yankee Stadium,” Fitch stated. “Both operated within the New York City metro area and have similar transaction structures, including PILOT and lease-backed debt and a pledge of tickets. QBC is rated one notch above Yankee Stadium, reflecting higher DSCRs, driven by improved attendance and ticket revenues relative to Yankee’s coverage levels.”

The Mets finished fifth in the majors in attendance last season, drawing in over three million fans for the first time since 2009. The club finished 17th in 2024. Forbes estimated the Mets’ valuation at $3.2 billion in March, which was sixth in Major League Baseball. Forbes also valued Mets owner Steve Cohen’s net worth at $23 billion.

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