Madison Square Garden Sports Q2 revenue beats estimates on higher ticket-related sales

MSG Knickerbockers

05/02/2026 12:39

Overview

Sports entertainment firm's fiscal Q2 revenue rose 13% yr/yr, beating analyst expectations

Adjusted operating income for fiscal Q2 beat analyst expectations

Revenue growth driven by higher ticket sales and national media rights fees

Outlook

Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

TICKET AND SUITE REVENUES - Increased ticket-related and suite revenues due to more games played and higher per-game revenue

NATIONAL MEDIA RIGHTS - Higher national media rights fees from new NBA agreements boosted league distribution revenues

LOCAL MEDIA RIGHTS FEES - Decrease in local media rights fees due to amendments with MSG Networks

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$403.40 mln
$394.53 mln (7 Analysts)
Q2 Net Income
$8.24 mln
Q2 Adjusted Operating Income
Beat
$29.70 mln
$26.90 mln (6 Analysts)
Q2 Operating Expenses
$311.39 mln
Q2 Operating Income
$22.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Madison Square Garden Sports Corp is $265.00, about 7.7% below its February 4 closing price of $287.25

Press Release: ID:nBwb0MPCWa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)