New York Mets

What New York Mets does

The New York Mets are a Major League Baseball franchise competing in the National League East Division, founded in 1962 and privately owned by hedge fund manager Steve Cohen since 2020. The team plays home games at Citi Field, a ~42,000-seat ballpark located in Flushing Meadows-Corona Park, Queens, New York, and generated record ballpark-related revenue of $311.4 million in 2025, with total franchise revenue of $308 million reflecting an 18% year-over-year increase. The 2025 season drew 3.18 million fans, and the franchise reported total assets of $224 million against $242 million in liabilities per an unaudited 2025 financial statement.

The Mets' business operations span ticket sales (single-game, season, and group packages), concessions, merchandise, corporate sponsorships, and venue hosting for non-MLB events such as golf, soccer, college football, and community activities at Citi Field. Distribution is executed through direct sales at the ballpark, the league-wide MLB.com online platform (including MLB.TV streaming), the SNY regional broadcast partnership, and B2B sponsorship channels. The franchise does not operate proprietary technology products; commercial activity is built on MLB league infrastructure, including the Statcast data system, rather than internally developed platforms.

The franchise is executing an offensive growth strategy centered on data-driven ticket sales, fan experience enhancement, and strategic sponsorship expansion, led by newly hired President of Business Operations Lew Sherr (effective 2026-03-27), former CEO of USTA where he grew U.S. Open annual revenue above $500 million. An $8.1 billion Metropolitan Park casino and mixed-use development project adjacent to Citi Field represents a major adjacent real estate monetization initiative, supported by the recent appointment of Kenneth David from Kasowitz LLP as General Counsel. The franchise benefits from strong New York market brand recognition as one of two MLB teams in the metropolitan area, though it has experienced recent executive turnover, including the loss of its CRO to Bay FC and its pitching coach to the cross-town Yankees.

Name

New York Mets

Legal name

New York Mets

Website

https://mlb.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The New York Mets are a privately owned, Major League Baseball franchise in the National League East, based at Citi Field in Queens. The team generates approximately $311 million in annual ballpark revenue from ticket sales, concessions, merchandise, sponsorships, and venue events for individual fans and corporate partners across the New York metropolitan area.

Ownership category

akta.pro rank

Product category

Professional Sports (Major League Baseball)

NAICS

Sports Teams and Clubs (711211), Spectator Sports (7112), Spectator Sports (71121)

akta.pro primary industry

Baseball & Softball Leagues (MPAKAAAC)

akta.pro secondary industries

Professional & Major League Stadiums (MPAKAEAA), Team Sports Matches (Club & National) (MPAGAMAB)

Keywords

• Professional baseball team
• Major league baseball
• Live sports entertainment
• Ballpark concessions
• Sports sponsorship

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Distribution channels4 records

Marketing channels4 records

Core offering

The New York Mets operate a Major League Baseball franchise competing in the National League East division, playing home games at Citi Field in Queens, New York. The team's commercial operations include ticket sales (season, single game, group, and VIP packages), in-ballpark concessions, licensed team merchandise, corporate sponsorship and suite rentals, and venue hosting for non-MLB events.

Product overview

The New York Mets are a Major League Baseball team whose business operations include ticket sales, concessions, merchandise, and stadium events at Citi Field. The team has reported record ballpark revenue of $311.4 million in 2025 and total revenue of $308 million. Key business initiatives include the $8.1 billion Metropolitan Park casino development project adjacent to Citi Field. The sources do not contain specific information about a New York Mets-branded product, service, or technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Season Tickets Multi-game season ticket packages granting reserved access to all New York Mets regular-season home games at Citi Field; targeted at individual fans, families, and corporate buyers seeking guaranteed seating.
• Single-Game Tickets Individual game tickets for Mets home games at Citi Field, available through the MLB.com online ticketing platform and the Citi Field box office.
• Group Tickets Block ticket packages for groups, corporate outings, and organizations attending Mets home games together at Citi Field.
• VIP Ticket Packages and On-Location Experiences Premium hospitality packages including VIP seating, club access, and curated on-location experiences at Citi Field for individual fans and corporate buyers.
• Licensed Team Merchandise Licensed Mets-branded merchandise (apparel, headwear, memorabilia, collectibles) sold via MLBSHOP.com and the MLB NYC Flagship Store to individual fans.
• Corporate Sponsorship and Partnership Packages B2B sponsorship, advertising, and suite-rental packages sold directly to corporate brands seeking visibility, hospitality venues, and association with a New York MLB franchise.
• Citi Field Non-MLB Event Hosting Venue hosting at Citi Field for non-MLB events including golf, soccer, college football, and community activities, sold to event organizers and producers.
• Special Ticket Offers and Fan-Value Promotions Discounted and themed ticket promotions — including student offers and tourism-linked packages — designed to drive incremental attendance and broaden the fan base.

Quantifiable outcome

• Record $311.4M ballpark revenue in 2025
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• USTA (United States Tennis Association)coreStrategic or Co-development Partner · 27 March 2026Former USTA chief revenue officer and CEO Lew Sherr hired as president of business operations for the New York Mets. Sherr was recruited by owner Steve Cohen after building a relationship during Cohen's visits to the USTA, bringing his U.S. Open growth playbook to the Mets.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/mets
• LinkedInlinkedin.com/company/new-york-mets

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New York Mets