)
Madison Square Garden Sports (MSGS) investor relations material
Madison Square Garden Sports Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fiscal Q2 2026 revenues rose 13% year-over-year, reaching $459.9 million for entertainment and $403.4 million for sports, driven by record Christmas Spectacular attendance, increased event bookings, and higher ticket, suite, sponsorship, and merchandise revenues, partially offset by reduced local media rights fees.
Adjusted operating income increased to $190.4 million for entertainment and $29.7 million for sports, with net income for sports at $8.2 million and for entertainment at $92.7 million.
Season ticket renewal rates for the Knicks and Rangers were approximately 94%, and per-game ticketing revenue increased year-over-year, aided by higher Knicks season ticket prices.
Merchandise sales set single-game records for both teams, and the Christmas Spectacular sold over 1.2 million tickets, the highest in 25 years.
Multi-year marketing partnerships, suite renovations, and new sublease agreements contributed to growth in premium hospitality and sponsorship revenue.
Financial highlights
Total Q2 revenues were $459.9 million for entertainment and $403.4 million for sports, with sports up from $357.8 million year-over-year.
Event-related revenues for sports rose 20% to $167.2 million, and suites/sponsorship revenues increased 24% to $98.5 million.
Net income for Q2 was $92.7 million for entertainment and $8.2 million for sports, with diluted EPS of $1.94 and $0.34, respectively.
Cash and equivalents at quarter-end were $157.6 million for entertainment and $81.3 million for sports, with $408 million in available borrowing capacity for sports.
Direct operating expenses for sports rose 13% to $311.4 million, mainly from higher team personnel costs, league revenue sharing, and NBA luxury tax.
Outlook and guidance
Management expects robust growth in both revenue and adjusted operating income for the full fiscal year, with ongoing momentum in business fundamentals and strong event demand.
Growth is expected in marketing partnerships and premium hospitality for fiscal 2026.
The timing benefit from more home games in Q2 will reverse in the second half of the fiscal year.
Media rights revenues are expected to remain at reduced rates due to contract amendments.
Sufficient liquidity is anticipated to fund operations and obligations for the foreseeable future.
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Next Madison Square Garden Sports earnings date
Next Madison Square Garden Sports earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)