Brandon Ross

David Joyce

David Karnovsky

Peter Supino

Benjamin Swinburne

Joseph Stauff

Daniel Duran

Logan Angress

Paul Golding

- 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**.  **[1636519_0001628280-25-047676_msgsportscorpex991forearni.htm:0]** 
- 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.  **[1636519_0001628280-25-047676_msgsportscorpex991forearni.htm:1]** 
- 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.  **[1636519_0001628280-25-047676_msgsportscorpex991forearni.htm:0]**

Madison Square Garden Sports Corp. Reports Fiscal Q1 2026 Results

- 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.  **[1636519_dda5ebf548de4c3faffbf54587effd1b_0]** 
- 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.  **[1636519_dda5ebf548de4c3faffbf54587effd1b_0]** 
- 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.  **[1636519_dda5ebf548de4c3faffbf54587effd1b_1]** 
- 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.  **[1636519_dda5ebf548de4c3faffbf54587effd1b_0]**

Madison Square Garden Sports Reports Fiscal 2026 First Quarter Results

Madison Square Garden Sports (MSGS)