Madison Square Garden Sports Earnings Call Transcripts
Fiscal Year 2026
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Fiscal 2026 Q2 saw revenues rise 13% year-over-year to $403 million, with strong per-game growth in ticketing, suites, sponsorship, and merchandise. Marketing partnerships and premium hospitality are on track for further growth, and recent refinancing has enhanced financial flexibility.
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Fiscal 2026 began with strong revenue and attendance growth, led by record concert bookings and robust demand for the Christmas Spectacular. Adjusted operating income rose significantly, and advanced ticket sales are pacing up double digits year-over-year. Share repurchases and new sponsorships further support positive momentum.
Fiscal Year 2025
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Fiscal 2025 saw over $1 billion in revenue and strong demand for Knicks and Rangers games, though Q4 revenues declined due to fewer home games. Amended media rights deals will lower local fees but are offset by higher national rights, with fiscal 2026 expected to deliver growth.
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Q2 revenue rose to $358M, with strong growth in ticketing, suites, and sponsorships, but adjusted operating income declined due to higher expenses. The company faces RSN industry headwinds but maintains strong liquidity and confidence in long-term growth.
Fiscal Year 2024
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Record fiscal 2024 results were driven by strong team performance, high fan engagement, and robust playoff revenues. The company anticipates modest ticket revenue growth and continued premium hospitality expansion, while monitoring risks from evolving media rights and local network refinancing.