Madison Square Garden (NYSE:MSGS) Announces Quarterly Earnings Results

Posted by Brenda Bartman on Aug 13th, 2026

Madison Square Garden (NYSE:MSGS – Get Free Report) announced its quarterly earnings results on Thursday, August 13th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.52, FiscalAI reports. Madison Square Garden had a net margin of 0.67% and a negative return on equity of 3.47%. The firm had revenue of $278.75 million for the quarter, compared to analyst estimates of $227.67 million. The business’s revenue was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share.

Here are the key takeaways from Madison Square Garden’s conference call:

Knicks championship materially boosted results: Fiscal 2026 revenue reached approximately $1.15 billion and adjusted operating income was $58.7 million. Fourth-quarter revenue rose 37% year over year to $278.7 million, while playoff revenue increased to $182 million from $115.2 million.
Management expects championship momentum to support fiscal 2027 growth across ticketing, sponsorships, suites, food and beverage, and merchandise. Season-ticket renewals are tracking above 90%, sponsorship revenue more than doubled during the postseason, and additional suite renovations are expected to add revenue.
MSG Sports expects to publicly file an updated Form 10 registration statement for the proposed Rangers spin-off this week and currently targets completion by the end of October, subject to board approval and other conditions. Management says the separation would give each business greater strategic and financial flexibility, but it has not ruled out future minority stake sales.
Fiscal 2027 expenses are expected to increase because of higher team compensation, NBA luxury-tax costs, and revenue-sharing expense, including the impact of the NHL’s new collective bargaining agreement. The company also estimates that pending tax-law changes could produce approximately $60 million of additional income-tax expense in fiscal 2028 before considering the spin-off.
The company expects higher media-rights distributions, including increased MSG Sports participation in the NHL’s new Canadian agreement with Rogers. Local Knicks and Rangers rights remain contracted with MSG Networks through the 2029 seasons, with management expressing confidence in the value of locally tailored sports content.

Madison Square Garden Stock Down 2.0%

Shares of MSGS stock opened at $405.73 on Thursday. The company’s fifty day simple moving average is $397.58 and its 200-day simple moving average is $369.98. The firm has a market cap of $9.77 billion, a PE ratio of 1,352.47 and a beta of 0.60. Madison Square Garden has a 12 month low of $207.90 and a 12 month high of $438.93.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSGS shares. Weiss Ratings upgraded shares of Madison Square Garden from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Madison Square Garden from $450.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Wall Street Zen upgraded Madison Square Garden from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Guggenheim lifted their price target on Madison Square Garden from $522.00 to $584.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Zacks Research upgraded Madison Square Garden from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $471.20.

Read Our Latest Research Report on MSGS

Madison Square Garden Company Profile

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Madison Square Garden Sports Corp. (NYSE:MSGS) is a professional sports and entertainment company based in New York. Its principal assets are the New York Knicks of the National Basketball Association and the New York Rangers of the National Hockey League.

The company also owns and operates related sports properties, including the NBA G League’s Westchester Knicks, the American Hockey League’s Hartford Wolf Pack and the NBA 2K League’s Knicks Gaming. Its business activities include team operations, ticket sales, sponsorships, licensing, merchandise and other commercial rights associated with its sports franchises.

Madison Square Garden Sports primarily serves fans and commercial partners in the New York metropolitan area while its teams compete in national leagues with audiences throughout the United States and internationally.