NYSE$MSGS
Madison Square Garden Sports Corp · Q3 2026 earnings
Q3 2026 earnings · · Before market open · Investor relations
Briefing
Madison Square Garden Sports reported fiscal Q3 2026 revenue of $432.2M and a net loss of $20.0M as fewer home games weighed on results.
For the fiscal third quarter ended March 31, 2026, MSG Sports generated $432.2 million in revenue (+1.9% YoY) with operating income of $2.0 million, down sharply from $32.3 million. Net loss was $20.0 million versus $14.2 million a year ago, reflecting higher direct operating expenses and five fewer combined Knicks/Rangers home games at The Garden.
- Revenue $432.2M (+1.9%); operating income $2.0M vs. $32.3M prior year.
- Net loss $20.0M; five fewer Knicks/Rangers home games in the quarter.
- Nine-month net loss $20.5M roughly flat YoY.
- Dividend $7.00 per share declared in period.
- Media rights and sponsorship remain core revenue drivers.
Headline financials
Revenue & EPS history
MSG Sports · Revenue · Quarterly
$432M
Revenue by segment
MSG Sports · -$71M total across 2 segments · Q2 2021
- Sponsorship and signage revenues-$23.8M—33.5%
- Local media rights fees-$47.2M—66.5%
Forward guidance
Management ties results to NBA/NHL calendars and playoff potential; no numeric FY2026 EBITDA guide in the 10-Q excerpt.
Tailwinds
- Revenue slightly up despite fewer home games.
- Playoff run could boost subsequent quarters.
- Strong franchise assets (Knicks, Rangers).
Headwinds
- Operating income down 94% YoY on costs.
- Game count volatility drives quarter-to-quarter swings.
- Net loss widened vs. prior-year quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2026
-0.4%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
50%
21 / 42 earnings
Positive
+13.7%
Q1 2021
Best reaction
-13.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.9% | +4.9% | +16.3% | |
| Q2 2026 | -4.7% | -2.6% | +9.1% | |
| Q1 2026 | -4.6% | -4.3% | +1.5% | |
| Q3 2025 | -2.8% | -1.3% | -1.5% | |
| Q2 2025 | -3.6% | -5.9% | -9.1% | |
| Q1 2025 | -3.1% | +1.2% | +3.3% | |
| Q4 2024 | +0.5% | +2.7% | +3.7% | |
| Q3 2024 | -0.6% | +1.4% | -0.6% | |
| Q2 2024 | +7.1% | +5.0% | +2.0% | |
| Q1 2024 | +4.0% | +1.8% | +2.2% | |
| Q4 2023 | -13.4% | -13.8% | -13.4% | |
| Q3 2023 | +2.2% | -1.1% | -11.7% | |
| Q2 2023 | +4.6% | +4.0% | +5.6% | |
| Q1 2023 | +1.2% | +1.7% | +5.2% | |
| Q4 2022 | +7.9% | +3.6% | -6.8% | |
| Q3 2022 | +2.4% | -2.0% | +3.4% | |
| Q2 2022 | +1.6% | +3.4% | -1.4% | |
| Q1 2022 | -0.9% | -2.7% | -14.5% | |
| Q4 2021 | +3.8% | +5.9% | +19.3% | |
| Q3 2021 | -0.7% | -0.5% | -3.2% | |
| Q2 2021 | +2.9% | +6.0% | +17.4% | |
| Q1 2021 | +13.7% | +14.2% | +17.1% | |
| Q4 2020 | -5.5% | -4.3% | -5.2% | |
| Q3 2020 | -7.3% | -9.7% | -1.3% | |
| Q2 2020 | +1.2% | +3.1% | -16.9% | |
| Q1 2020 | -3.5% | -1.3% | +2.2% | |
| Q4 2019 | -11.0% | -13.3% | -8.4% | |
| Q3 2019 | -2.9% | -0.8% | -2.6% | |
| Q2 2019 | +0.7% | +2.2% | +5.5% | |
| Q1 2019 | -5.3% | -0.7% | -2.4% | |
| Q4 2018 | -3.8% | -2.2% | -0.2% | |
| Q3 2018 | +3.3% | +4.9% | +10.4% | |
| Q2 2018 | +1.5% | -0.3% | +9.9% | |
| Q1 2018 | +2.9% | +3.6% | -1.8% | |
| Q4 2017 | -3.6% | -1.7% | +1.0% | |
| Q3 2017 | +1.4% | +1.4% | +0.2% | |
| Q2 2017 | +1.2% | -0.8% | +8.3% | |
| Q1 2017 | +2.3% | +4.0% | +6.0% | |
| Q4 2016 | -3.2% | -4.4% | -8.9% | |
| Q3 2016 | +0.0% | — | — | |
| Q2 2016 | -1.2% | — | — | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — |
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