Madison Square Garden Sports Corp. (MSGS)

Madison Square Garden Sports Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	1,071	1,039	1,027	887.45	821.35	415.72
Revenue Growth (YoY)	0.26%	1.18%	15.74%	8.05%	97.57%	-31.09%
Cost of Revenue	723.2	687.5	548.9	480.39	432.09	244.76
Gross Profit	347.83	351.72	478.25	407.05	389.26	170.96
Selling, General & Admin	340.39	334.03	329.36	318.56	298.41	244.08
Operating Expenses	343.64	337.25	332.53	322.14	303.45	249.65
Operating Income	4.19	14.48	145.73	84.92	85.82	-78.69
Interest Expense	-21.81	-21.65	-27.59	-22.88	-11.74	-10.56
Interest & Investment Income	3.55	4.03	2.79	2.39	0.31	0.03
Other Non Operating Income (Expenses)	15.34	-5.98	-6.6	9.84	-	-0.05
EBT Excluding Unusual Items	1.27	-9.12	114.33	74.27	74.39	-89.27
Gain (Loss) on Sale of Investments	-7.72	-7.72	-8.63	16.72	-0.46	-
Gain (Loss) on Sale of Assets	-	-	-	-1.03	-	-
Other Unusual Items	-0.44	-0.44	-0.03	-0.03	-	-0.05
Pretax Income	-6.88	-17.27	105.67	89.92	73.93	-89.32
Income Tax Expense	9.68	5.17	46.9	44.29	25.05	-73.42
Earnings From Continuing Operations	-16.56	-22.44	58.77	45.63	48.88	-15.9
Net Income to Company	-16.56	-22.44	58.77	45.63	48.88	-15.9
Minority Interest in Earnings	-	-	-	2.17	2.25	1.94
Net Income	-16.56	-22.44	58.77	47.79	51.13	-13.95
Preferred Dividends & Other Adjustments	0.02	0.02	-	2.04	-	-
Net Income to Common	-16.58	-22.46	58.77	45.75	51.13	-13.95
Net Income Growth	-	-	22.97%	-6.53%	-	-
Shares Outstanding (Basic)	24	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24	24
Shares Change (YoY)	-0.13%	-0.03%	-0.40%	-0.86%	1.14%	0.78%
EPS (Basic)	-0.69	-0.93	2.45	1.90	2.11	-0.58
EPS (Diluted)	-0.69	-0.93	2.44	1.89	2.10	-0.58
EPS Growth	-	-	29.10%	-10.00%	-	-
Free Cash Flow	-0.14	87.99	90.68	151.29	177.12	-35.79
Free Cash Flow Per Share	-0.01	3.65	3.76	6.25	7.26	-1.48
Gross Margin	32.48%	33.84%	46.56%	45.87%	47.39%	41.12%
Operating Margin	0.39%	1.39%	14.19%	9.57%	10.45%	-18.93%
Profit Margin	-1.55%	-2.16%	5.72%	5.16%	6.22%	-3.36%
Free Cash Flow Margin	-0.01%	8.47%	8.83%	17.05%	21.57%	-8.61%
EBITDA	7.44	17.69	148.89	88.49	90.86	-73.12
EBITDA Margin	0.69%	1.70%	14.50%	9.97%	11.06%	-17.59%
D&A For EBITDA	3.25	3.22	3.16	3.58	5.04	5.57
EBIT	4.19	14.48	145.73	84.92	85.82	-78.69
EBIT Margin	0.39%	1.39%	14.19%	9.57%	10.45%	-18.93%
Effective Tax Rate	-	-	44.38%	49.26%	33.88%	-
Advertising Expenses	-	5.73	8.18	7.28	4.84	2.29

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q