Earnings summaries and quarterly performance for Madison Square Garden Sports.
Executive leadership at Madison Square Garden Sports.
James L. Dolan
Detailed
Executive Chairman and Chief Executive Officer
CEO
AS
Alexander Shvartsman
Detailed
Senior Vice President, Controller and Principal Accounting Officer
BW
Bryan Warner
Detailed
Senior Vice President, Head of Legal
DG
David Granville-Smith
Detailed
Executive Vice President
JT
Jamaal T. Lesane
Detailed
Chief Operating Officer
VM
Victoria M. Mink
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at Madison Square Garden Sports.
AD
Alan D. Schwartz
Detailed
Director
AJ
Anthony J. Vinciquerra
Detailed
Director
BG
Brian G. Sweeney
Detailed
Director
CP
Charles P. Dolan
Detailed
Director
IS
Ivan Seidenberg
Detailed
Director
JM
Joseph M. Cohen
Detailed
Director
MD
Marianne Dolan Weber
Detailed
Director
NP
Nelson Peltz
Detailed
Director
PJ
Paul J. Dolan
Detailed
Director
QF
Quentin F. Dolan
Detailed
Director
RT
Ryan T. Dolan
Detailed
Director
SC
Stephen C. Mills
Detailed
Director
TC
Thomas C. Dolan
Detailed
Director
VT
Vincent Tese
Detailed
Director
Research analysts who have asked questions during Madison Square Garden Sports earnings calls.
BR
Brandon Ross
LightShed Partners
5 questions for MSGS
Also covers: LYV, MSGE, SPHR +1 more
David Joyce
Seaport Research Partners
4 questions for MSGS
Also covers: AMCX, BATRA, EDR +12 more
DK
David Karnovsky
JPMorgan Chase & Co.
3 questions for MSGS
Also covers: CCO, CNK, DIS +17 more
Peter Supino
Wolfe Research
3 questions for MSGS
Also covers: CHTR, DIS, FWONK +12 more
Benjamin Swinburne
Morgan Stanley
2 questions for MSGS
Also covers: AMT, BATRA, CCI +23 more
JS
Joseph Stauff
Susquehanna Financial Group, LLLP
2 questions for MSGS
Also covers: BYD, CHDN, DKNG +8 more
Brandon Ross
LightShed
1 question for MSGS
Daniel Duran
Morgan Stanley
1 question for MSGS
Also covers: CNK, SPHR
Logan Angress
Wolfe Research
1 question for MSGS
Also covers: LYV
PG
Paul Golding
Macquarie Capital
1 question for MSGS
Also covers: CIFR, CLSK, CORZ +11 more
Recent press releases and 8-K filings for MSGS.
Madison Square Garden Sports Corp. Reports Q2 2026 Financial Results
MSGS
Earnings
Debt Issuance
New Projects/Investments
- Madison Square Garden Sports Corp. (MSGS) generated revenues of $403.4 million and Adjusted Operating Income of $29.7 million for the fiscal 2026 second quarter.
- The company saw event-related revenues increase 20% year-over-year to $167.2 million and suites and sponsorship revenues increase 24% year-over-year to $98.5 million, driven by more home games and increased per-game spending across categories.
- National and local media rights fees decreased 4% year-over-year to $122.3 million, primarily due to amended local media rights agreements with MSG Networks, which included 28% and 18% reductions for the Knicks and Rangers, respectively, effective January 1, 2025.
- In November, MSGS refinanced its Knicks and Rangers senior secured revolving credit facilities, extending their maturity to November 2030 and increasing the Knicks' facility by $150 million to $425 million.
- The company ended the quarter with a cash balance of $81 million and a debt balance of $291 million, and stated it would not rule out a return of capital program in the future.
3 hours ago
Madison Square Garden Sports Corp. Reports Fiscal Q2 2026 Financial Results
MSGS
Earnings
Debt Issuance
- Madison Square Garden Sports Corp. (MSGS) reported fiscal Q2 2026 revenues of $403.4 million and Adjusted Operating Income (AOI) of $29.7 million, reflecting a 20% increase in event-related revenues and a 24% increase in suites and sponsorship revenues year-over-year.
- The revenue growth was primarily driven by higher national media rights fees from new NBA deals and an increase in home games, partially offset by a 4% decrease in total national and local media rights fees due to amended local media rights agreements with MSG Networks.
- The company refinanced its credit facilities in November 2025, extending maturities to November 2030 and increasing the Knicks' facility capacity by $150 million to $425 million. As of quarter-end, MSGS held approximately $81 million in cash and had a total debt balance of $291 million.
3 hours ago
Madison Square Garden Sports Corp. Reports Q2 2026 Financial Results
MSGS
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Madison Square Garden Sports Corp. (MSGS) reported Q2 2026 revenues of $403.4 million and Adjusted Operating Income (AOI) of $29.7 million, reflecting a 20% increase in event-related revenues and a 24% increase in suites and sponsorship revenues year-over-year.
- The company experienced strong operational momentum, with a 94% combined season ticket renewal rate for the Knicks and Rangers, and higher per-game revenues across all in-game categories, including ticketing, food, beverage, and merchandise.
- MSGS refinanced its credit facilities in November 2025, extending maturities to November 2030 and increasing the Knicks' revolving credit facility capacity by $150 million to $425 million, enhancing financial flexibility.
- National and local media rights fees decreased 4% year-over-year to $122.3 million, primarily due to amended local media rights agreements with MSG Networks, which included 28% and 18% reductions for the Knicks and Rangers, respectively, effective January 1, 2025.
4 hours ago
Madison Square Garden Sports Corp. Reports Fiscal 2026 Second Quarter Results
MSGS
Earnings
Revenue Acceleration/Inflection
- Madison Square Garden Sports Corp. reported revenues of $403.4 million for the fiscal 2026 second quarter, an increase of 13% compared to the prior year period.
- For the quarter ended December 31, 2025, operating income grew 67% to $22.2 million, and adjusted operating income increased 47% to $29.7 million.
- The revenue increase was primarily driven by higher ticket-related revenues, increased league distributions (due to new NBA national media rights deals), suite revenues, sponsorship and signage revenues, and food, beverage and merchandise sales, partially offset by lower local media rights fees.
- The company benefited from four additional New York Knicks and New York Rangers games played at Madison Square Garden Arena during the fiscal 2026 second quarter, which contributed to increased in-game revenue categories.
7 hours ago
Madison Square Garden Sports Corp. Reports Fiscal Q2 2026 Results
MSGS
Earnings
Revenue Acceleration/Inflection
- Madison Square Garden Sports Corp. (MSGS) reported revenues of $403.4 million for the fiscal second quarter ended December 31, 2025, an increase of 13% compared to the prior year period.
- Operating income for the quarter grew 67% to $22.2 million, and adjusted operating income increased 47% to $29.7 million year-over-year.
- The revenue growth was primarily driven by higher ticket-related revenues, league distributions (including increased national media rights fees from new NBA agreements), suite revenues, sponsorship and signage revenues, and food, beverage and merchandise sales.
- These increases were partially offset by lower local media rights fees due to amendments to agreements with MSG Networks.
- The company also benefited from a combined four additional New York Knicks and New York Rangers games played at Madison Square Garden Arena during the fiscal 2026 second quarter.
7 hours ago
MSGS Subsidiary New York Knicks, LLC Enters New $425 Million Revolving Credit Facility
MSGS
Debt Issuance
- On November 6, 2025, New York Knicks, LLC, a wholly owned subsidiary of Madison Square Garden Sports Corp., entered into the 2025 Knicks Credit Agreement.
- This agreement establishes a senior secured revolving credit facility of up to $425,000,000 with a maturity date of November 6, 2030.
- The new facility refinanced $267,000,000 in borrowings outstanding under the previous credit agreement, with the same amount remaining outstanding as of November 6, 2025.
- Knicks LLC is required to maintain a minimum debt service ratio of at least 1.5:1.00 under the terms of the agreement.
Nov 7, 2025, 9:16 PM
Madison Square Garden Entertainment Reports Strong Q1 2026 Results with Revenue and AOI Growth
MSGS
Earnings
Share Buyback
Guidance Update
- Madison Square Garden Entertainment (MSGS) reported Q1 2026 revenues of $158.3 million, an increase of 14% versus the prior year quarter, and Adjusted Operating Income (AOI) of $7.1 million, up $5.2 million from the prior year quarter.
- The company achieved a record number of concerts at the Garden in Q1 and expects record revenues for the Christmas Spectacular, with 215 shows planned for the season and advanced ticket revenues pacing up double digits.
- MSGS repurchased approximately $25 million of Class A common stock during the quarter, with $45 million remaining under its current buyback authorization, and expects to generate substantial free cash flow in fiscal 2026.
- The company is making progress to finalize a major residency for fiscal 2027 at the Garden, which is anticipated to drive future concert growth.
Nov 6, 2025, 3:00 PM
Sphere Entertainment Reports Mixed Q3 Results
MSGS
Earnings
Demand Weakening
- Sphere Entertainment reported third-quarter revenues of $262.5 million, a 15% increase year-over-year, primarily driven by strong performances at its Sphere venue, but missed Wall Street expectations of $320 million.
- The company posted an operating loss of $129.7 million and an actual loss of $2.80 per share, marking six consecutive quarters of earnings per share losses.
- Revenue growth at the Sphere venue, which was up 37%, was partially offset by a 12% revenue decline at MSG Networks due to a 13.5% drop in subscriber count.
- Despite a 64.5% year-to-date stock gain, financial indicators reveal ongoing challenges, including a negative net margin and an Altman Z-Score of 1, indicating potential financial distress.
Nov 4, 2025, 2:26 PM
Madison Square Garden Sports Corp. Reports Fiscal Q1 2026 Results
MSGS
Earnings
- For the fiscal first quarter ended September 30, 2025, Madison Square Garden Sports Corp. (MSGS) reported revenues of $39.5 million, a 26% decrease from the prior year, alongside an operating loss of $27.4 million and an adjusted operating loss of $20.8 million.
- The revenue decline was primarily attributed to lower league distributions of $11.4 million and a $2.3 million decrease in local media rights fees, largely due to amendments in media rights agreements.
- Operationally, the company noted a 94% combined season ticket renewal rate for the Knicks and Rangers for the 2025-26 seasons and a new marketing partnership with GAME 7, which includes the Rangers' first-ever jersey patch partner.
Oct 31, 2025, 11:45 AM
Madison Square Garden Sports Reports Fiscal 2026 First Quarter Results
MSGS
Earnings
New Projects/Investments
- Madison Square Garden Sports Corp. reported revenues of $39.5 million for the fiscal first quarter ended September 30, 2025, a decrease of $13.9 million, or 26%, compared to the prior year period.
- The company recorded an operating loss of $27.4 million and an adjusted operating loss of $20.8 million for the quarter, which are increases of $19.2 million and $18.5 million, respectively, from the prior year period.
- The decline in revenues was primarily due to $11.4 million lower league distributions and a $2.3 million decrease in local media rights fees.
- Operational highlights for the 2025-26 seasons include a combined average season ticket renewal rate of approximately 94% for the Knicks and Rangers, and a new multi-year marketing partnership with GAME 7 as the first-ever jersey patch partner of the Rangers.
Oct 31, 2025, 11:30 AM
Quarterly earnings call transcripts for Madison Square Garden Sports.
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