secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001628280-25-047676
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSGS Q1 revenue down 26% to $39.5M; operating loss widens to $27.4M
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- Revenue fell 26% YoY to $39.5M from $53.3M; operating loss of $27.4M vs $8.3M loss a year ago.
- Adjusted operating loss was $20.8M, compared to $2.3M loss in prior-year quarter.
- Combined Knicks/Rangers season ticket renewal rate at ~94% for 2025-26.
- Rangers signed GAME 7 as first-ever jersey patch partner; suites renewals remain strong.
- Rangers kicked off 100th anniversary season with special Centennial jersey launched in September.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000162828025047676/0001628280-25-047676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000162828025047676/msgs-20251031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-047676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer