The financials
Madison Square Garden Sports Corp. by the numbers
Madison Square Garden Sports Corp. (MSGS) reported revenue of $279M in Q4 2026 (quarter ended June 30, 2026), up 37% from the same quarter a year earlier. That came with a gross margin of 43% and net income of $28M (10% of revenue). For the full year FY2026, revenue was $1.15B (+11% year on year) and net income $7.8M. Its largest product in 2026-Q1 was Event Related at $163M, 38% of the disclosed total, just ahead of Media Rights at 33%.
| Income statement | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $279M | $204M | +37% |
| Gross profit | $119M | $49M | +143% |
| Operating income | $32M | −$23M | to a profit |
| Net income | $28M | −$1.8M | to a profit |
| Diluted EPS | $1.17 | −$0.07 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Event Related | $163M | 38% |
| Media Rights | $141M | 33% |
| Sponsorship Signage And Suite Licenses | $113M | 26% |
| League Distribution | $16M | 3.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $432.2M (+7.1%)
League Distribution grew +55% year on yearEvent Related -8.0% year on year
Segment Latestquarter on quarteryear on year
- Event Related$162.6M$162.6MQoQ -2.8%year on year -8.0%-2.8%-8.0%
- Media Rights$140.6M$140.6MQoQ +15%year on year +14%+15%+14%
- Sponsorship Signage And Suite Licenses$113.1M$113.1MQoQ +15%year on year -0.50%+15%-0.50%
- League Distribution$15.8M$15.8MQoQ +2.7%year on year +55%+2.7%+55%