Madison Square Garden Sports Corp. 8K

Madison Square Garden Sports Corp. reported modest revenue growth but significantly lower operating and adjusted operating income for its fiscal 2026 third quarter, while continuing to explore a potential spin-off separating its Knicks and Rangers businesses into separate public companies.

On May 8, 2026, Madison Square Garden Sports Corp. reported its fiscal 2026 third quarter results for the period ended March 31, 2026, announcing a 2% year-over-year increase in revenue to $432.2 million driven primarily by higher league distribution revenues from new NBA national media rights and NBA Cup-related distributions, partially offset by lower ticket-related, local media, food, beverage, merchandise, and sponsorship revenues due to the Knicks and Rangers playing five fewer home games at Madison Square Garden. Operating income declined sharply to $2.0 million from $32.3 million and adjusted operating income fell to $10.3 million from $36.9 million, primarily due to higher direct operating expenses including increased team personnel compensation, league revenue sharing and NBA luxury tax, and provisions for team personnel transactions. The company also disclosed continued executive management transition costs within SG&A and reiterated that, as previously announced on February 18, 2026, its board has approved exploring a potential spin-off to separate its New York Knicks and New York Rangers businesses into distinct public companies.

Filing Facts

CIK

1636519

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-032551

Alert Tier

7