MSGS FY2026 revenue up 11% to $1.15B; Q4 revenue up 37% to $278.7M

Madison Square Garden Sports Corp.

Full-year revenue $1,153.8M, up 11% YoY; operating income $28.9M vs $14.8M; adjusted operating income $58.7M, up 54%.
Q4 revenue $278.7M, up 37% YoY; operating income $32.2M vs loss of $22.6M; adjusted operating income $39.6M vs loss of $16.8M.
Knicks won 2025-26 NBA Championship; per-game revenue up across tickets, suites, sponsorship, and F&B.
National media rights fees up from new NBA deals; local telecast fees down due to MSG Networks amendments.
Proposed Rangers spin-off: Form 10 confidentially submitted mid-May; expected completion by end of October 2026, subject to board approval.

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