MSGS
Madison Square Garden Sports Corp.235.21
-2.50-1.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.66BP/E (TTM)
-Basic EPS (TTM)
-0.99Dividend Yield
0%Recent Filings
8-K
8-K
8-K
MSG Sports refinances credit facilities for Knicks and Rangers, extending terms to 2030 with increased capacity for Knicks.
Madison Square Garden Sports Corp. announces amendments to credit agreements for its subsidiaries, New York Knicks LLC and New York Rangers LLC, extending maturity to November 6, 2030, and increasing the Knicks facility to $425 million while maintaining the Rangers facility at $250 million. These changes support ongoing operations and strategic initiatives.
10-Q
Q1 FY2026 results
Madison Square Garden Sports posted Q1 FY2026 revenues of $39.5M, down 26% y/y from $53.3M, mainly from lower league distributions and reduced local media rights fees following June 2025 amendments slashing Knicks fees by 28% and Rangers by 18% effective January 2025. Operating loss widened to $27.4M from $8.3M y/y, driven by those revenue hits and higher SG&A expenses up 10% to $57.8M, including elevated services and lease costs; net loss rose 17% to $8.8M, or $(0.37) diluted EPS on 24.1M shares, matching basic. Cash dipped to $48.6M from $144.6M q/q amid $85M operating outflow, with $291M total debt steady at 5.51% on the Knicks facility and full $258M availability on the undrawn Rangers revolver, both compliant with 1.5:1 covenants. No M&A or impairments noted. Yet competition from rival sports and entertainment options lingers as a key risk.
8-K
Q1 revenues drop 26%
Madison Square Garden Sports Corp. reported fiscal 2026 first-quarter revenues of $39.5 million, down 26% from $53.3 million last year, mainly from lower league distributions and local media rights fees. Operating loss widened to $27.4 million from $8.3 million, driven by revenue drops and higher administrative costs, while adjusted operating loss hit $20.8 million. Strong 94% season ticket renewals signal robust fan demand. Seasons just started.
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