Madison Square Garden Sports Corp. 8K

Madison Square Garden Sports Corp. announced strong fiscal 2026 fourth quarter and full-year financial results driven by the Knicks’ NBA Championship run and higher league/media revenues, and reported continued progress toward a planned spin-off of its Rangers business expected by the end of October 2026.

On August 13, 2026, Madison Square Garden Sports Corp. reported its fiscal fourth quarter and full-year 2026 results, highlighted by the New York Knicks winning the 2025-26 NBA Championship and an 11% year-over-year increase in annual revenues to $1,153.8 million, along with a significant swing to positive operating income and adjusted operating income for both the quarter and year. The company attributed higher quarterly revenues primarily to increased playoff-related revenues, higher league distributions tied in part to new NBA national media rights agreements, and growth in sponsorship, signage, and in-arena food, beverage and merchandise sales, partially offset by lower local media rights fees resulting from amended telecast agreements with MSG Networks. Management also disclosed ongoing progress toward a proposed spin-off of the New York Rangers business from the Knicks business, noting that a confidential Form 10 registration statement was submitted to the SEC in mid-May and that the spin-off is expected to be completed by the end of October 2026, subject to board approval and other conditions. The release included detailed non-GAAP reconciliations for adjusted operating income and commentary on higher playoff-related expenses, team personnel costs, restructuring charges, and expenses related to the proposed spin-off, as well as updated balance sheet and cash flow information.

Filing Facts

CIK

1636519

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-056478

Alert Tier

7