MSG Sports reported significant achievements, including record revenues and successful playoff runs for the Knicks, which boosted ticketing and fan engagement. However, the company faced challenges with decreased fourth-quarter revenues, reduced media rights fees, and higher operating expenses. Despite these challenges, the strong demand for their teams and strategic partnerships indicate a positive outlook.

Company Guidance

During the Madison Square Garden Sports Corp. Fiscal 2025 Fourth Quarter and Year-End Earnings Conference Call, the company reported revenues exceeding $1 billion and an adjusted operating income of $38.2 million for the full fiscal year. Key metrics highlighted included a 90% season ticket renewal rate for the Knicks and Rangers, record per game gate revenues for the Knicks during their Eastern Conference finals run, and a decrease in merchandise revenues due to fewer new product launches compared to the previous year. The company's local media rights agreements were amended, resulting in reductions of 28% and 18% in annual rights fees for the Knicks and Rangers, respectively. The call also noted a strong liquidity position with approximately $145 million in cash and a $291 million debt balance, comprising $267 million under the Knicks' senior secured revolving credit facility and $24 million advanced from the NHL. The company expressed confidence in driving long-term value for shareholders, leveraging strong demand and strategic partnerships, including new deals with Lenovo, Motorola, and Abu Dhabi's Department of Culture and Tourism.

Record Revenue and Adjusted Operating Income

MSG Sports reported fiscal 2025 full-year results with revenues exceeding $1 billion and adjusted operating income of $38 million, driven by strong demand for the Knicks and Rangers.

Knicks' Successful Playoff Run

The Knicks reached the Eastern Conference finals, generating the highest per game gate revenues in team history, and leading to increased ticketing revenue and fan engagement.

Strong Season Ticket Renewal Rate

The combined season ticket renewal rate for the Knicks and Rangers is approximately 90% for the 2025-2026 season, indicating strong fan loyalty.

Growth in Marketing Partnerships

MSG Sports welcomed new marketing partners, including Abu Dhabi's Department of Culture and Tourism, Lenovo, and Motorola, and renewed multiyear deals with Verizon, Pepsi, and Benjamin Moore.

Record Suite Revenues

Fiscal 2025 saw record suite revenues, benefiting from renovated event and Lexus-level suites, with further renovations expected to drive incremental revenue in fiscal 2026.

Madison Square Garden Sports (MSGS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MSGS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2026 (Q1)	-0.80 / -	-0.31	―	―	―
Aug 12, 2025	2025 (Q4)	-0.05 / -0.07	1.06	-106.60% (-1.13)	―
May 02, 2025	2025 (Q3)	1.40 / -0.59	1.57	-137.58% (-2.16)	―	―
Feb 04, 2025	2025 (Q2)	0.30 / 0.05	0.59	-91.53% (-0.54)	―
Nov 01, 2024	2025 (Q1)	-0.86 / -0.31	-0.79	60.76% (+0.48)	―	―
Aug 13, 2024	2024 (Q4)	0.11 / 1.06	-0.39	371.79% (+1.45)	―
May 02, 2024	2024 (Q3)	2.60 / 1.57	2.18	-27.98% (-0.61)	―	―
Feb 06, 2024	2024 (Q2)	0.47 / 0.59	0.84	-29.76% (-0.25)	―
Nov 02, 2023	2024 (Q1)	-1.47 / -0.79	-0.73	-8.22% (-0.06)	―	―
Aug 17, 2023	2023 (Q4)	-0.14 / -0.39	1.11	-135.14% (-1.50)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MSGS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	$202.48	$195.40	-3.50%
May 02, 2025	$192.85	$187.36	-2.85%
Feb 04, 2025	$218.23	$210.40	-3.59%
Nov 01, 2024	$222.70	$220.99	-0.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Madison Square Garden Sports (MSGS) report earnings?

Madison Square Garden Sports (MSGS) is schdueled to report earning on Oct 31, 2025, Before Open (Confirmed).

What is Madison Square Garden Sports (MSGS) earnings time?

Madison Square Garden Sports (MSGS) earnings time is at Oct 31, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MSGS EPS forecast?

MSGS EPS forecast for the fiscal quarter 2026 (Q1) is -0.8.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing