Madison Square Garden Sports posts $1.15 billion in fiscal year revenue

• Madison Square Garden Sports (NYSE:MSGS) reported fiscal 2026 revenue of $1.15 billion, up 11% year over year, following the Knicks’ NBA championship season.
• Fourth-quarter revenue increased 37% to $278.7 million, with operating income improving to $32.2 million from a prior-year loss.
• The company continued preparations for a proposed Rangers business spin-off expected by the end of October 2026, subject to conditions.

Madison Square Garden Sports (NYSE:MSGS) reported fiscal 2026 revenue of $1.15 billion, up $114.6 million or 11% year over year, as higher in-arena revenue and media rights income supported results.

The company’s fiscal fourth quarter revenue increased 37% to $278.7 million, while full-year operating income rose to $28.9 million from $14.8 million in the prior year.

Fourth-quarter operating income reached $32.2 million, compared with an operating loss of $22.6 million in the prior-year period, while adjusted operating income increased to $39.6 million from an adjusted operating loss of $16.8 million.

For fiscal 2026, Madison Square Garden Sports reported adjusted operating income of $58.7 million, up $20.6 million year over year, reflecting higher average per-game revenue across tickets, suites, sponsorships, and food, beverage, and merchandise sales.

Madison Square Garden Sports owns and operates professional sports teams, including the New York Knicks of the NBA and the New York Rangers of the NHL.

The company is progressing toward a proposed spin-off of its Rangers business from its Knicks business, with a Form 10 registration statement submitted confidentially to the U.S. Securities and Exchange Commission and completion expected by the end of October 2026, subject to approvals and other conditions.