Madison Square Garden Sports Corp.MSGSEarnings & Financial Report
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Revenue
$430.0M
Gross Profit
N/A
Operating Profit
$79.7M
Net Profit
$37.9M
Gross Margin
N/A
Operating Margin
18.5%
Net Margin
8.8%
YoY Growth
12.3%
EPS
$1.57
Madison Square Garden Sports Corp. Q3 FY2024 Financial Summary
Madison Square Garden Sports Corp. reported revenue of $430.0M (up 12.3% YoY) for Q3 FY2024, with a net profit of $37.9M (down 27.7% YoY) (8.8% margin).
Key Financial Metrics
| Total Revenue | $430.0M |
|---|---|
| Net Profit | $37.9M |
| Gross Margin | N/A |
| Operating Margin | 18.5% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Madison Square Garden Sports Corp. Q3 FY2024 revenue of $430.0M breaks down across 4 segments, led by Eventrelated at $177.8M (41.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Eventrelated | $177.8M | 41.4% |
| Media Rights | $139.6M | 32.5% |
| Sponsorshipsignageandsuitelicenses | $101.4M | 23.6% |
| League Distribution | $11.1M | 2.6% |
Madison Square Garden Sports Corp. Revenue by Segment — Quarterly Trend
Madison Square Garden Sports Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Eventrelated and Media Rights) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Media Rights | $122.3M | — | — | $123.5M |
| League Distribution | $15.4M | — | — | $10.2M |
Madison Square Garden Sports Corp. Annual Revenue by Year
Madison Square Garden Sports Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.0B |
| 2024 | $1.0B |
| 2023 | $887.4M |
| 2022 | $821.4M |
Madison Square Garden Sports Corp. Quarterly Revenue & Net Profit History
Madison Square Garden Sports Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $403.4M | +12.8% | $8.2M | 2.0% |
| Q1 FY2026 | $39.5M | -26.0% | $-8.8M | -22.3% |
| Q4 FY2025 | $204.0M | -10.3% | $-1.8M | -0.9% |
| Q3 FY2025 | $424.2M | -1.3% | $-14.2M | -3.4% |
| Q2 FY2025 | $357.8M | +9.4% | $1.1M | 0.3% |
| Q1 FY2025 | $53.3M | +23.8% | $-7.5M | -14.1% |
| Q4 FY2024 | $227.3M | +79.1% | $25.5M | 11.2% |
| Q3 FY2024 | $430.0M | +12.3% | $37.9M | 8.8% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $430.0M | $227.3M | $53.3M | $357.8M | $424.2M | $204.0M | $39.5M | $403.4M |
| YoY Growth | 12.3% | 79.1% | 23.8% | 9.4% | -1.3% | -10.3% | -26.0% | 12.8% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.39B | $1.35B | $1.37B | $1.41B | $1.50B | $1.47B | $1.52B | $1.54B |
| Liabilities | $1.68B | $1.61B | $1.65B | $1.69B | $1.79B | $1.75B | $1.81B | $1.83B |
| Equity | $-294.0M | $-266.3M | $-277.5M | $-273.1M | $-283.4M | $-281.4M | $-294.2M | $-282.1M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.0M | $108.4M | $-26.2M | $61.8M | $6.3M | $49.7M | $-85.0M | $32.4M |