Madison Square Garden Sports Corp. Earnings Recaps
Q4 2026
Aug 15, 2026
Shares declined 1.7% following earnings, reflecting investor caution despite the Knicks’ championship momentum, as the company’s outlook and financial progress lacked clear catalysts to drive upside.
Key takeaways
- Full-year revenues reached approximately $1.15 billion, with adjusted operating income near $58.7 million.
- The Knicks delivered record-setting per-game gate revenues during playoffs and highest-ever single day merchandise sales post-championship.
- Combined social media following for Knicks and Rangers rose to nearly 22 million, reflecting strong fan engagement.
- No season ticket price increase was implemented for the Rangers due to playoff absence; Knicks season ticket prices were increased.
- The company advanced its planned spin-off of the Rangers business, targeting completion by October, aimed at unlocking strategic value.
Q4 2025
Aug 12, 2025
Madison Square Garden Sports Corp. reported robust fiscal 2025 results, achieving over $1 billion in revenue and $38 million in adjusted operating income, driven by strong demand for the Knicks and Rangers.
Key takeaways
- Ticketing revenue surged due to increased attendance and fans' higher spending on food and beverages, particularly during the Knicks' playoff run.
- New media rights agreements with MSG Networks were amended, leading to reduced rights fees but positioning the company for long-term growth in media revenue starting fiscal 2026.
- Record suite revenue was achieved due to expanded event-level club spaces and ongoing renovations, with plans for further enhancements to drive revenue in fiscal 2026.
- The Knicks' strong postseason and promotional activities contributed to significant fan engagement, resulting in over 775,000 new social media followers across both teams.
- Successfully attracted new marketing partners and renewed key contracts with major brands, indicating ongoing strength in marketing partnerships.