MSGS

NEW YORK, May 08, 2026--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal third quarter ended March 31, 2026. The fiscal 2026 third quarter included the continuation of the New York Knicks ("Knicks") and New York Rangers ("Rangers") 2025-26 regular seasons, with a combined five fewer games played at Madison Square Garden Arena ("The Garden") as compared to the prior year quarter. During the quarter, average per-game revenues for every key revenue category – tickets, suites, sponsorship and food, beverage and merchandise sales – increased as compared to the fiscal 2025 third quarter. In addition, fiscal 2026 third quarter operating results reflect an increase in national media rights fees due to the NBA’s new national media rights deals that began this season and the impact of the Knicks’ and Rangers’ rosters for the 2025-26 seasons. Subsequent to the end of the fiscal 2026 third quarter, both teams concluded their regular seasons, with the Knicks currently competing in the NBA playoffs. For the fiscal 2026 third quarter, the Company generated revenues of $432.2 million, an increase of $8.0 million, or 2%, as compared to the prior year period. In addition, the Company reported operating income of $2.0 million, a decrease of $30.4 million and adjusted operating income of $10.3 million, a decrease of $26.6 million, both as compared to the prior year period.(1) Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, "Our results this quarter again reflect growth in per-game revenues across all key categories, which is driven by strong demand for our teams. We are also now exploring a potential separation of our Knicks and Rangers businesses into distinct public companies, which we believe would further create long-term value for shareholders." Financial Results for the Three and Nine Months Ended March 31, 2026 and 2025: Summary of Financial Results For the fiscal 2026 third quarter, revenues of $432.2 million increased $8.0 million, or 2%, as compared to the prior year period. The Knicks and Rangers played a combined five fewer regular season games at The Garden during the fiscal 2026 third quarter as compared to the prior year period. As a result, the increase in revenues was primarily due to higher revenues from league distributions, partially offset by lower ticket-rela...

NEW YORK, May 01, 2026--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Friday, May 8, 2026 before the market opens reporting results for its fiscal third quarter ended March 31, 2026. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp. Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260501173567/en/ Contacts Ari Danes, CFA Investor Relations (212) 465-6072 Grace Kaminer Investor Relations (212) 631-5076

Madison Square Garden (MSGS) reported $403.42 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 12.8%. EPS of $0.34 for the same period compares to $0.05 a year ago. The reported revenue represents a surprise of +2.62% over the Zacks Consensus Estimate of $393.13 million. With the consensus EPS estimate being $0.66, the EPS surprise was -48.09%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Madison Square Garden performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total revenues from contracts with customers- Event-related: $167.24 million versus the three-analyst average estimate of $164.45 million. The reported number represents a year-over-year change of +20%. Total revenues from contracts with customers- League distributions and other: $15.39 million versus $11.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27.5% change. Total revenues from contracts with customers- Sponsorship, signage and suite licenses: $98.45 million versus $86.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24% change. Total revenues from contracts with customers- Media rights: $122.35 million compared to the $130.35 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year. View all Key Company Metrics for Madison Square Garden here>>> Shares of Madison Square Garden have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Madison Square Garden Company (MSG...

Fiscal Q2 results: MSG Sports reported revenue of about $403.4 million and adjusted operating income of approximately $29.7 million, with gains driven by scheduling (39 home games vs. 35 last year) and higher per-game ticket, suite, sponsorship and food/beverage/merchandise spending. Media-rights shift: Total media rights fell 4% to $122.3 million as amended local deals cut annual fees by 28% for the Knicks and 18% for the Rangers (and removed escalators), partially offset by higher national NBA rights; the local agreements run through 2028–29. Balance-sheet actions: MSG Sports refinanced its senior secured revolvers, extending maturities to November 2030 and increasing the Knicks revolver capacity to $425 million, leaving the segment with roughly $81 million cash and $291 million debt while prioritizing liquidity and optional future capital returns. Interested in The Madison Square Garden Company? Here are five stocks we like better. Body Slammed Under $100, Is World Wrestling Stock an Opportunity? Madison Square Garden (NYSE:MSGS) reported fiscal 2026 second-quarter results that management said reflected strong consumer and corporate demand across its core revenue streams, even as local media rights fees moved lower under amended agreements with MSG Networks. For the fiscal second quarter, MSG Sports generated revenue of approximately $403 million and adjusted operating income (AOI) of about $30 million, according to Chief Operating Officer Jamaal Lesane. Chief Financial Officer Victoria Mink said total revenue was $403.4 million, up from $357.8 million in the prior-year period, and AOI increased $9.4 million to $29.7 million. → With New CEOs, Is Walmart or Target the Better Buy Going Forward? MSG Sports: How To Buy the Knicks and Rangers for 50% Off Mink attributed the year-over-year improvement in part to scheduling: the company hosted 39 pre- and regular-season home games across the Knicks and Rangers during the quarter, compared with 35 games last year. She noted that this timing benefit is expected to reverse over the second half of the fiscal year. Lesane said per-game revenues increased across all in-game categories, including ticketing, suites, sponsorship, and food, beverage, and merchandise. Mink’s breakdown showed event-related revenues of $167.2 million, up 20% year over year, driven largely by ticket, food, beverage, and merchandise revenue. S...

This article first appeared on GuruFocus. Revenue: $403.4 million, up from $357.8 million in the prior year period. Adjusted Operating Income (AOI): $29.7 million, an increase of $9.4 million year over year. Event-Related Revenues: $167.2 million, a 20% increase year over year. Suites and Sponsorship Revenues: $98.5 million, a 24% increase year over year. National and Local Media Rights Fees: $122.3 million, a 4% decrease year over year. Cash Balance: Approximately $81 million at the end of the quarter. Debt Balance: $291 million, including $267 million under the Knicks senior secured revolving credit facility and $24 million advanced from the NHL. Season Ticket Renewal Rate: Approximately 94% for the Knicks and Rangers combined. Warning! GuruFocus has detected 7 Warning Signs with MSGS. Is MSGS fairly valued? Test your thesis with our free DCF calculator. Release Date: February 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Madison Square Garden Sports Corp (NYSE:MSGS) reported revenues of approximately $403 million for the fiscal 2026 second quarter, reflecting positive momentum in key operating areas. The Knicks and Rangers combined season ticket renewal rate was approximately 94%, indicating strong fan loyalty and engagement. There was a year-over-year increase in per game ticketing revenue, driven by optimized pricing and mix of individual and group sales. The company signed new multiyear partnerships with PwC and Poly market, and renewed agreements with Anheuser Busch and Infosys, highlighting strong marketing partnerships. Madison Square Garden Sports Corp (NYSE:MSGS) refinanced its senior secured revolving credit facilities, improving average borrowing rates and extending maturity terms, demonstrating financial strength and flexibility. National and local media rights fees decreased by 4% year over year, primarily due to amended local media rights agreements with MSG Networks. The company faces higher direct operating expenses, including increased team personnel compensation and luxury tax, which partially offset revenue gains. The amended agreements with MSG Networks include a reduction in annual rights fees payable to the Knicks and Rangers, impacting future revenue streams. There is uncertainty regarding the potential impact of upcoming changes to tax deductibility of compensation set...

NEW YORK, February 05, 2026--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2025. The Company has seen positive momentum in key operating areas of its business in the first half of fiscal 2026. During the fiscal 2026 second quarter, all in-game revenue categories – ticketing, suites, sponsorship, and food, beverage and merchandise – increased on a per-game basis as compared to the fiscal 2025 second quarter, across a combined four additional New York Knicks ("Knicks") and New York Rangers ("Rangers") games played at the Madison Square Garden Arena ("The Garden"). In addition, fiscal 2026 second quarter operating results reflect an increase in national media rights fees due to the NBA’s new national media rights deals that began this season, reductions in local media rights fees as a result of amendments to the Knicks' and Rangers' local media rights agreements with MSG Networks, and the impact of the Knicks’ and Rangers’ rosters for the 2025-26 seasons. For the fiscal 2026 second quarter, the Company generated revenues of $403.4 million, an increase of $45.7 million, or 13%, as compared to the prior year period. In addition, the Company reported operating income of $22.2 million, an increase of $8.9 million, or 67%, and adjusted operating income of $29.7 million, an increase of $9.4 million, or 47%, both as compared to the prior year period.(1) Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, "Today’s results demonstrate the positive momentum we are seeing across all in-game revenue categories. With the strong underlying fundamentals of our business, and robust consumer and corporate demand, we remain well-positioned to drive long-term shareholder value." Financial Results for the Three and Six Months Ended December 31, 2025 and 2024: Summary of Financial Results For the fiscal 2026 second quarter, revenues of $403.4 million increased $45.7 million, or 13%, as compared to the prior year period. The increase was primarily due to higher ticket-related revenues, revenues from league distributions, suite revenues, sponsorship and signage revenues, and food, beverage and merchandise sales, partially offset by lower local media rights fees. The Knicks and Rangers played a combined four additional regular season games at The Garden d...

Madison Square Garden (MSGS) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -48.09%. A quarter ago, it was expected that this sports team and entertainment company would post a loss of $1.04 per share when it actually produced a loss of $0.37, delivering a surprise of +64.42%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Madison Square Garden, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $403.42 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $357.76 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Madison Square Garden shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 0.5%. While Madison Square Garden has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Madison Square Garden was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market...

NEW YORK, January 30, 2026--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2025 on Thursday, February 5, 2026 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgsports.com under the heading "Events." For those who are unable to participate on the conference call, you may access a recording of the call by dialing 800-770-2030 (conference ID number 6996895). The call replay will be available from 1:00 p.m. Eastern Time, Thursday, February 5, 2026 until 11:59 p.m. Eastern Time on Thursday, February 12, 2026. The webcast replay will be available on the website until Thursday, February 12, 2026. About Madison Square Garden Sports Corp. Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260130727385/en/ Contacts Ari Danes, CFA Investor Relations and Financial Communications (212) 465-6072 Grace Kaminer Investor Relations (212) 631-5076

NEW YORK, October 31, 2025--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2025. This month, the New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2025-26 regular seasons at the Madison Square Garden Arena ("The Garden"). Recent Company operating highlights include: The combined average season ticket renewal rate for the Knicks and Rangers is approximately 94% for the 2025-26 seasons; The Company announced a new multi-year marketing partnership with GAME 7 that includes naming the multi-platform sports and entertainment brand as the first-ever jersey patch partner of the Rangers; The suites business continues to benefit from strong renewals and new sales activity, including for several recently renovated Lexus-level suites at The Garden; and The Rangers began a year-long campaign to celebrate the team’s 100th anniversary season, with a number of special offerings and initiatives planned across the season, including a special Centennial jersey that launched in September. For the fiscal 2026 first quarter, the Company generated revenues of $39.5 million, a decrease of $13.9 million, or 26%, as compared to the prior year period. In addition, the Company reported an operating loss of $27.4 million, an increase of $19.2 million, and an adjusted operating loss of $20.8 million, an increase of $18.5 million, both as compared to the prior year period.(1) Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, "With the new seasons underway, we are seeing strong ongoing demand for the Knicks and Rangers to start the fiscal year. We remain confident in the value of owning these two marquee professional sports franchises and our ability to generate long-term shareholder value." Financial Results for the Three Months Ended September 30, 2025 and 2024: Summary of Financial Results For the fiscal 2026 first quarter, revenues of $39.5 million decreased $13.9 million, or 26%, as compared to the prior year period. This primarily reflected lower revenues from league distributions of $11.4 million, mainly due to a decrease in certain league distributions unrelated to national media rights fees. In addition, local media rights fees decreased $2.3 million as compared to the prior year period, primarily due to the impact of amendment...

This article first appeared on GuruFocus. Madison Square Garden Sports Corp (NYSE:MSGS) is set to release its Q1 2026 earnings on Oct 31, 2025. The consensus estimate for Q1 2026 revenue is $41.30 million, and the earnings are expected to come in at -$0.88 per share. The full year 2026's revenue is expected to be $1.00 billion and the earnings are expected to be -$0.87 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 6 Warning Sign with MSGS. Is MSGS fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Madison Square Garden Sports Corp (NYSE:MSGS) have declined from $1.04 billion to $1.00 billion for the full year 2026, and from $1.08 billion to $1.05 billion for 2027. Similarly, earnings estimates have decreased from $1.08 per share to -$0.87 per share for 2026, and from $0.99 per share to -$0.15 per share for 2027. In the previous quarter ending on 2025-06-30, Madison Square Garden Sports Corp's (NYSE:MSGS) actual revenue was $203.96 million, which beat analysts' revenue expectations of $154.55 million by 31.97%. Madison Square Garden Sports Corp's (NYSE:MSGS) actual earnings were -$0.07 per share, which beat analysts' earnings expectations of -$0.11 per share by 38.05%. After releasing the results, Madison Square Garden Sports Corp (NYSE:MSGS) was down by 3.50% in one day. Based on the one-year price targets offered by 6 analysts, the average target price for Madison Square Garden Sports Corp (NYSE:MSGS) is $251.79 with a high estimate of $314.00 and a low estimate of $171.76. The average target implies an upside of 12.10% from the current price of $224.61. Based on GuruFocus estimates, the estimated GF Value for Madison Square Garden Sports Corp (NYSE:MSGS) in one year is $205.38, suggesting a downside of 8.56% from the current price of $224.61. Based on the consensus recommendation from 9 brokerage firms, Madison Square Garden Sports Corp's (NYSE:MSGS) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

NEW YORK, October 27, 2025--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Friday, October 31, 2025 before the market opens reporting results for its fiscal first quarter ended September 30, 2025. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings conference call this quarter. About Madison Square Garden Sports Corp. Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251027637382/en/ Contacts Ari Danes, CFA Investor Relations (212) 465-6072 Grace Kaminer Investor Relations (212) 631-5076