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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Madison Square Garden Sports
Madison Square Garden Sports (MSGS) investor relations material
Madison Square Garden Sports Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary6 Nov, 2026
Executive summary
Revenue increased 15% YoY to $45.5M, supported by higher league distributions and Knicks merchandise demand following the 2026 NBA Championship.
Net loss widened to $31.1M from $8.8M, primarily reflecting a swing in investment-related miscellaneous results from $15.1M income to $3.7M expense.
Operating loss improved 7% YoY to $25.5M, and adjusted operating loss improved 4% to $20.0M.
Q1 results include Rangers financial results; the spin-off was completed after quarter-end on October 26, 2026.
Financial highlights
Revenue rose $6.0M to $45.5M; league distributions contributed $3.1M of the increase, while food, beverage and merchandise added $2.6M.
Net loss was $31.1M versus $8.8M; basic and diluted loss per share were both $1.29 versus $0.37.
SG&A rose $3.0M to $60.8M, including $3.6M of Rangers distribution expenses; restructuring charges were $0.6M versus none a year earlier.
Operating loss improved $2.0M to $25.5M as higher revenue more than offset increased expenses.
Miscellaneous results swung to $3.7M net expense from $15.1M net income, driven by investment fair-value changes.
Outlook and guidance
Liquidity was considered sufficient for foreseeable needs; cash was $40.0M at September 30, with $113.0M of additional Knicks facility borrowing capacity as of filing.
October 2026 included $30.0M of additional revolver borrowing and ~ $20.0M of one-time distribution-related employee-award and financial-advisory costs.
Revenue is seasonally concentrated in fiscal Q2 and Q3, when most team games are played; results also depend on Knicks popularity, competitiveness and playoff participation.
Leadership cited the Rangers spin-off and new Knicks season as supporting operating momentum and long-term shareholder value creation.
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Latest events from Madison Square Garden Sports
- Three director elections, auditor ratification, and advisory executive-pay vote set for Dec. 8.MSGS
Proxy filing - Dolan family voting control shapes elections, auditor ratification and executive-pay votes.MSGSProxy filing
- Knicks' championship and strong demand drove record revenues and profit growth in fiscal 2026.MSGSQ4 2026
- Quarterly revenue up 2% to $432.2M, but profit margins fell on higher costs and fewer home games.MSGSQ3 2026
- Q2 2026 revenue up 13% to $459.9M (entertainment) and $403.4M (sports), with record event demand.MSGSQ2 2026
- Shareholders will vote virtually on redomesticating to Nevada, with no operational changes expected.MSGSProxy Filing
- Shareholders will vote virtually on redomesticating to Nevada, with the Board citing legal and cost benefits.MSGSProxy Filing
- Record revenue and operating income driven by playoff success and strong fan demand.MSGSQ4 2024
- Revenue up 9% but profit pressured by higher team costs and RSN industry risks.MSGSQ2 2025
Next Madison Square Garden Sports earnings date
Q2 20274 Feb, 2027
Madison Square Garden Sports
Next Madison Square Garden Sports earnings date
Q2 20274 Feb, 2027
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Frequently asked questions
Madison Square Garden Sports Corp is a sports holding company that owns and operates professional sports teams. Its portfolio includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as related marketing, broadcast, and venue rights. The company generates revenue through ticket sales, media, sponsorships, and merchandising. Madison Square Garden Sports Corp is headquartered in New York, New York, and its shares are listed on the NYSE.