Company News

NEW YORK, N.Y., February 5, 2026 – Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2025.

The Company has seen positive momentum in key operating areas of its business in the first half of fiscal 2026. During the fiscal 2026 second quarter, all in-game revenue categories – ticketing, suites, sponsorship, and food, beverage and merchandise – increased on a per-game basis as compared to the fiscal 2025 second quarter, across a combined four additional New York Knicks (“Knicks”) and New York Rangers (“Rangers”) games played at the Madison Square Garden Arena (“The Garden”). In addition, fiscal 2026 second quarter operating results reflect an increase in national media rights fees due to the NBA’s new national media rights deals that began this season, reductions in local media rights fees as a result of amendments to the Knicks’ and Rangers’ local media rights agreements with MSG Networks, and the impact of the Knicks’ and Rangers’ rosters for the 2025-26 seasons.

For the fiscal 2026 second quarter, the Company generated revenues of $403.4 million, an increase of $45.7 million, or 13%, as compared to the prior year period. In addition, the Company reported operating income of $22.2 million, an increase of $8.9 million, or 67%, and adjusted operating income of $29.7 million, an increase of $9.4 million, or 47%, both as compared to the prior year period.⁽¹⁾

Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, “Today’s results demonstrate the positive momentum we are seeing across all in-game revenue categories. With the strong underlying fundamentals of our business, and robust consumer and corporate demand, we remain well-positioned to drive long-term shareholder value.”

Click here to read the full press release