---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-032551"
form_type: "8-K"
ticker: "MSGS"
cik: "0001636519"
company_name: "Madison Square Garden Sports Corp."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:06:43.838089+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MSGS Q3 revenue up 2% to $432.2M, but operating income plunges 94% to $2.0M

## Summary
- Revenue $432.2M (+2% YoY); operating income $2.0M (down 94% from $32.3M).
- Adjusted operating income $10.3M (down 72% from $36.9M).
- Per-game revenues rose in tickets, suites, sponsorship, food/beverage; five fewer home games.
- Exploring potential separation of Knicks and Rangers into distinct public companies.
- NBA national media rights fees increased; Knicks in NBA playoffs.

## SEC filing metadata
- accession: 0001628280-26-032551
- form_type: 8-K
- ticker: MSGS
- cik: 0001636519
- company_name: Madison Square Garden Sports Corp.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1636519/000162828026032551/0001628280-26-032551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1636519/000162828026032551/msgs-20260508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-032551
- JSON: https://secwatch.observer/filing/0001628280-26-032551.json
- Plain text: https://secwatch.observer/filing/0001628280-26-032551.txt

## Source-grounded claims
- claim_id: 36f5ecf550ba3acddcc331481eb62dea478fdb43
  claim: Madison Square Garden Sports Corp. reported fiscal third quarter ended March 31, 2026 results: revenue $432.2 million.
  evidence_excerpt: For the fiscal 2026 third quarter, the Company generated revenues of $432.2 million, an increase of $8.0 million, or 2%, as compared to the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1636519/000162828026032551/0001628280-26-032551-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.