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Madison Square Garden Sports (MSGS)
NYSE:MSGS
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.56Last Year’s EPS
-0.59Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid operational and financial quarter with meaningful top-line growth (total revenue +12.7%, event revenues +20%, suites & sponsorship +24%) and a sizable AOI increase (~46%). Management highlighted strong fan engagement (94% season-ticket renewals), record single-game merchandise sales, successful partnership and suite initiatives, and improved financing terms. Key risks include a 4% decline in media rights due to amended local deals, rising team personnel and luxury tax costs, a timing benefit that will reverse in H2, RSN industry uncertainty, and modest cash vs. debt. Overall, positive operational momentum and strategic actions outweigh the identified headwinds.Company Guidance
Revenue Growth
Total revenues of $403.4M in fiscal Q2 FY2026, up from $357.8M in prior-year quarter, an increase of approximately 12.7% YoY driven by more home games and higher per-game revenues across categories.
Event-Related and Suite/Sponsorship Strength
Event-related revenues (ticket, food, beverage, merchandise) were $167.2M, up 20% YoY; suites and sponsorship revenues were $98.5M, up 24% YoY, reflecting strong corporate demand, renewals and new multiyear deals.
Adjusted Operating Income Improvement
Adjusted operating income rose by $9.4M to $29.7M (prior quarter ~$20.3M), an increase of ~46% YoY, primarily driven by higher revenues partially offset by higher direct operating expenses.
Per-Game Revenue and Fan Engagement
Per-game revenues across ticketing, suites, sponsorship, and food/beverage/merchandise increased YoY; single‑game merchandise sales were among the highest in each team's history for product launches, and per-cap F&B & merchandise spending rose.
High Season Ticket Renewal Rate
Knicks and Rangers combined season ticket renewal rate of approximately 94%, indicating strong recurring fan and revenue stability.
Strategic Partnerships and Sponsorship Wins
Signed or renewed multiple multiyear partnerships (Game Seven jersey patch, PwC, Polymarket; renewals with Anheuser-Busch and Infosys), unlocking premium inventory and sponsorship revenue growth.
Premium Hospitality Upgrades and Demand
Strong suite renewals and new sales following renovation of several Lexus level suites; renovations are generating incremental revenue this season after a record fiscal 2025 for suite revenue.
Positive Balance Sheet Actions
Refinanced Knicks and Rangers senior secured revolvers, extended maturities to Nov 2030, lowered borrowing and commitment rates, and increased Knicks revolver capacity by $150M to $425M; cash balance of ~$81M and total debt of $291M at quarter end.
MSGS Earnings History
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 |
|---|---|---|---|
Feb 05, 2026 | $287.25 | $273.65 | -4.73% |
Oct 31, 2025 | $224.77 | $214.39 | -4.62% |
Aug 12, 2025 | $202.48 | $195.40 | -3.50% |
May 02, 2025 | $192.85 | $187.36 | -2.85% |
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 Apr 30, 2026, Before Open (Confirmed).
What is Madison Square Garden Sports (MSGS) earnings time?
Madison Square Garden Sports (MSGS) earnings time is at Apr 30, 2026, 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 (Q3) is 0.56.