Madison Square Garden Sports Corp. reported revenues of $39.5 million for the three months ended September 30, 2025, a decrease of $13.9 million, or 26%, compared to $53.3 million in the same period of the prior year. The decline was primarily due to lower league distributions, which fell by $11.4 million, and a $2.3 million decrease in local media rights fees following amendments to the Knicks' and Rangers' agreements with MSG Networks. The company reported an operating loss of $27.4 million for the quarter, compared to an operating loss of $8.3 million in the same period of the previous year. Adjusted operating loss was $20.8 million, compared to $2.3 million in the prior year period. Net loss for the quarter was $8.8 million, compared to a net loss of $7.5 million in the previous year. Basic and diluted loss per common share were both $0.37, compared to $0.31 in the prior year period. The weighted-average number of common shares outstanding was 24.1 million for both periods. Direct operating expenses were $8.3 million, a slight increase of $0.1 million, or 1%, from the prior year, mainly due to higher net provisions for certain team personnel transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Madison Square Garden Sports Corp. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.
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