MSG Sports Earnings Reports

MSG Sports' Q4 2025 saw a 10% revenue decline year-over-year due to fewer playoff games and reduced media rights fees. Higher personnel costs and league-related accruals led to an operating loss, partially offset by strong demand for Knicks postseason games.

Madison Square Garden Sports Corp. reported revenues of $424.2 million for the fiscal third quarter ended March 31, 2025, a 1% decrease from the prior year. Operating income decreased by 59% to $32.3 million, and adjusted operating income decreased by 58% to $36.9 million, primarily due to increased direct operating expenses and decreased revenues.

Madison Square Garden Sports Corp. reported a 9% increase in revenue for the fiscal second quarter of 2025, driven by higher ticket sales, suite revenues, and sponsorship deals. However, operating income decreased by 54% and adjusted operating income decreased by 45% due to increased operating expenses, including team personnel compensation and league revenue sharing expenses.

Madison Square Garden Sports Corp. reported a revenue increase of $10.3 million, or 24%, compared to the prior year period, primarily driven by higher league distributions. The company's operating loss improved by $6.6 million, or 44%, and adjusted operating loss improved by $7.7 million, or 77%, due to the revenue increase and lower selling, general, and administrative expenses.

Madison Square Garden Sports Corp. reported a strong fiscal fourth quarter and full year ended June 30, 2024. The company's Q4 revenues increased by 79% compared to the prior year quarter, driven by higher playoff-related revenues, regular season ticket revenues, suite revenues, sponsorship and signage revenues, and revenues from league distributions. The New York Knicks and New York Rangers both qualifying for the playoffs, culminating with the Knicks advancing to the Eastern Conference Semifinals and the Rangers advancing to the Eastern Conference Finals.

Madison Square Garden Sports Corp. reported a 12% increase in revenue to $430.0 million for the fiscal third quarter ended March 31, 2024. Operating income decreased slightly by 2% to $79.7 million, while adjusted operating income increased by 3% to $88.7 million.

Madison Square Garden Sports Corp. reported a decrease in revenue of $26.8 million, or 8%, compared to the prior year period, primarily due to fewer home games played by the Knicks and Rangers. Operating income also decreased by $22.7 million, or 44%.

MSG Sports reported a strong start to fiscal year 2024, with a 79% increase in revenues to $43.0 million compared to the prior year period. The company also significantly reduced its operating loss by 59% to $14.8 million and its adjusted operating loss by 64% to $10.0 million.

MSG Sports reported a decrease in revenue for the fiscal fourth quarter, primarily due to fewer Knicks and Rangers games. The company reported an operating loss of $12.2 million and an adjusted operating loss of $7.8 million.

Madison Square Garden Sports Corp. reported a 13% increase in revenue compared to the prior year period, driven by higher pre/regular season ticket-related revenues, suite revenues, local media rights fees, sponsorship and signage revenues, and food, beverage and merchandise sales. Operating income increased by 33% due to the increase in revenues and a decrease in selling, general and administrative expenses.

Madison Square Garden Sports Corp. reported a strong fiscal 2023 second quarter, with revenues increasing by 22% to $353.7 million and operating income increasing by 43% to $51.5 million, driven by sustained consumer and corporate demand and higher media rights fees.

Madison Square Garden Sports Corp. reported a strong start to fiscal 2023, with revenues increasing by 28% compared to the prior year period. The company is experiencing positive operating momentum, driven by high season ticket renewal rates, strong sponsorship demand, and growth in media rights fees.

Madison Square Garden Sports Corp. reported record full-year revenues, operating income, and adjusted operating income for fiscal 2022. The fourth quarter was highlighted by the New York Rangers' participation in the NHL playoffs, contributing to increased revenues and operating income compared to the prior year quarter.

Madison Square Garden Sports Corp. reported strong FY2022 third quarter results, driven by revenues well above pre-pandemic levels. The company generated revenues of $337.8 million, operating income of $61.4 million, and adjusted operating income of $81.5 million.

Madison Square Garden Sports Corp. reported a significant improvement in its second quarter fiscal 2022 results, with revenues of $289.6 million, operating income of $35.9 million, and adjusted operating income of $55.7 million, reflecting robust demand for the Knicks and Rangers and a return to pre-pandemic levels.

Madison Square Garden Sports Corp. reported a decrease in revenues to $18.8 million compared to the prior year period, primarily driven by declines in league distribution revenues and local media rights fees. The company had an operating loss of $34.9 million and an adjusted operating loss of $28.1 million.

MSG Sports reported a significant increase in revenues for the fourth quarter of fiscal year 2021, driven by the return of fans to games with eased capacity restrictions, the Knicks' playoff appearance, and the timing of the NBA and NHL seasons. The company's operating loss and adjusted operating loss also improved compared to the prior year quarter.

Madison Square Garden Sports Corp. reported a decrease in revenues and operating income for the fiscal third quarter ended March 31, 2021, as compared to the prior year period. Revenues were $183.0 million, a decrease of $84.6 million. Operating income was $8.1 million, a decrease of $2.5 million.

Madison Square Garden Sports Corp. reported a significant decrease in revenue for the fiscal second quarter ended December 31, 2020, due to the COVID-19 pandemic's impact on NBA and NHL seasons and fan attendance. The company experienced a substantial decline in revenues and reported an operating loss of $38.4 million.

Madison Square Garden Sports Corp. reported a revenue increase of 14% compared to the prior year period. The company also reported an improvement in operating loss and adjusted operating loss, driven by higher revenues and a decrease in selling, general and administrative expenses.

Madison Square Garden Sports Corp. reported negative revenues of $7.0 million for the fiscal 2020 fourth quarter, primarily due to the suspension of the NBA and NHL regular seasons. The company had an operating loss of $44.9 million and an adjusted operating loss of $33.6 million for the quarter.

Madison Square Garden Sports Corp. reported a decrease in revenues, operating income, and adjusted operating income compared to the prior year quarter, primarily due to the suspension of NBA and NHL seasons and the temporary closure of venues due to the COVID-19 pandemic.

The Madison Square Garden Company reported a slight decrease in revenue but an increase in operating income for the fiscal second quarter ended December 31, 2019. Revenue was $628.8 million, a 1% decrease compared to the prior year quarter, while operating income increased by 3% to $80.8 million.