Madison Square Garden Sports Q4 revenue, profit beat estimates

MSG Knickerbockers

13/08/2026 12:44

Overview
US sports team owner's fiscal Q4 revenue rose 37%, beating analyst expectations
Adjusted operating income for Q4 beat analyst expectations
Company expects Rangers business spin-off by end of October 2026

Outlook
Company expects to complete Rangers business spin-off by end of October 2026

Result Drivers
PLAYOFF REVENUE - Co said Q4 revenue increase was primarily due to higher playoff-related revenues, especially from Knicks playoff games and merchandise sales following NBA Championship win
MEDIA RIGHTS FEES - Co cited increased national media rights fees from new NBA deals as a driver of higher Q4 revenue
LOCAL MEDIA RIGHTS REDUCTION - Co said Q4 local media rights fees decreased due to amendments to Knicks and Rangers local telecast agreements with MSG Networks

Company press release: ID:nBw4tp19Ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$278.70 mln
$221.26 mln (7 Analysts)
Q4 EPS
 
$1.16
 
Q4 Net Income
 
$28.30 mln
 
Q4 Adjusted Operating Income
Beat
$39.60 mln
$26.77 mln (5 Analysts)
Q4 Operating Expenses
 
$159.53 mln
 
Q4 Operating Income
 
$32.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 $432.50, about 4.4% above its August 12 closing price of $414.12

Reuters Recommended Reads
Aug 12 - Madison Square Garden Q4 revenue beats estimates on higher concerts and related income
Aug 12 - Basketball-Iger, Kushner purchasing Lakers for record $12.5 billion
Aug 11 - CME takes NHL team performance into futures market

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)