Madison Square Garden Sports FY26 Q3 operating income drops to USD 2 million; revenue rises 2% to USD 432.2 million

Madison Square Garden Co. Class A

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Madison Square Garden Sports Corp. posted fiscal 2026 third-quarter revenue of USD 432.2 million, up 2%, while operating income dropped to USD 2 million.
Net loss widened to USD 20 million, or USD 0.83 per share.
Adjusted operating income slid to USD 10.3 million, reflecting higher team personnel compensation and higher provisions for league revenue sharing expense and NBA luxury tax.
Management said it is exploring a potential separation of Knicks and Rangers businesses into distinct public companies.

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