MSGS

EX-99.1

2 msgsportscorpex991forearni.htm

EX-99.1

Document

MADISON SQUARE GARDEN SPORTS CORP. REPORTS

FISCAL 2026 FOURTH QUARTER AND FULL-YEAR RESULTS

Fiscal 2026 Highlighted by the New York Knicks Winning the NBA Championship

Proposed Spin-off of New York Rangers Business Expected to be Completed by the End of October 2026

NEW YORK, N.Y., August 13, 2026 - Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2026.

The fiscal 2026 fourth quarter and full year were highlighted by the New York Knicks (the “Knicks”) winning the 2025-26 NBA Championship. In addition, the Company's fiscal 2026 fourth quarter and full-year results reflect increases in average per-game revenues for every in-arena revenue category – tickets, suites, sponsorship and food, beverage and merchandise sales; an increase in national media rights fees due to the NBA’s new national media rights deals that began this season; the impact of reductions in local telecast rights fees as a result of amendments to the Knicks' and New York Rangers' ("Rangers") local media rights agreements with MSG Networks; and the impact of the Knicks’ and Rangers' rosters for the 2025-26 seasons.

In addition, the Company continues to make progress toward a proposed spin-off of its Rangers business from its Knicks business. As previously announced, the Company confidentially submitted a Form 10 registration statement with the U.S. Securities and Exchange Commission in mid-May. The Company currently expects to complete the spin-off by the end of October 2026, subject to various conditions, including Company board approval.

For fiscal 2026, the Company reported revenues of $1,153.8 million, an increase of $114.6 million, or 11%, as compared to the prior year. In addition, the Company reported operating income of $28.9 million, an increase of $14.1 million, and adjusted operating income of $58.7 million, an increase of $20.6 million, both as compared to the prior year.(1)

For the fiscal 2026 fourth quarter, the Company generated revenues of $278.7 million, an increase of $74.8 million, or 37%, as compared to the prior year quarter. In addition, the Company reported operating income of $32.2 million and adjusted operating income of $39.6 million, as compared to an operating loss of $22.6 million and adjusted operating loss of $16.8 million, respectively, in the prior year quarter.(1)

Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, “Fiscal 2026 was highlighted by the Knicks’ NBA Championship win, as well as robust consumer and corporate demand for both the Knicks and Rangers throughout the year. We are also making progress on the proposed spin-off of our Rangers business, as we remain focused on driving long-term value for shareholders.”

Financial Results for the Three and Twelve Months Ended June 30, 2026 and 2025:

Three Months EndedTwelve Months Ended

June 30,ChangeJune 30,Change

$ millions20262025$%20262025$%

Revenues$278.7 $204.0 $74.8 37 %$1,153.8 $1,039.2 $114.6 11 %

Operating income (loss)$32.2 $(22.6)$54.7 NM$28.9 $14.8 $14.1 95 %

Adjusted operating income (loss)(1)

$39.6 $(16.8)$56.3 NM$58.7 $38.2 $20.6 54 %

Note: Does not foot due to rounding. NM – Comparisons from positive to negative values or to zero values are considered not meaningful.

1.See page 3 of this earnings release for the definition of adjusted operating income (loss) included in the discussion of non-GAAP financial measures.

1

Summary of Financial Results

For the fiscal 2026 fourth quarter, revenues of $278.7 million increased $74.8 million, or 37%, as compared to the prior year quarter. The increase was primarily due to higher playoff-related revenues and, to a lesser extent, higher revenues from league distributions, sponsorship and signage revenues, and food, beverage and merchandise sales, partially offset by lower local media rights fees. The Knicks and Rangers played a combined eight regular season home games and nine playoff home games at the Madison Square Garden Arena ("The Garden") in both the current and prior year quarters.

Playoff-related revenues increased $66.9 million as compared to the prior year quarter, primarily due to higher average per-game Knicks playoff revenue and higher Knicks merchandise revenues during the team's playoff run as a result of winning the 2025-26 NBA Championship in the current year quarter as compared to the Knicks advancing to the Eastern Conference Finals in the prior year quarter.

Revenues from league distributions increased $7.2 million as compared to the prior year quarter, primarily due to an increase in certain league distributions unrelated to national media rights fees and higher national media rights fees as a result of the NBA's new national media rights agreements, which began with the 2025-26 NBA regular season.

Sponsorship and signage revenues increased $1.7 million as compared to the prior ye

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msgs-202602050001636519false00016365192026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 5, 2026

MADISON SQUARE GARDEN SPORTS CORP.

(Exact name of registrant as specified in its charter)

Nevada 1-36900 47-3373056 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

2 Penn Plaza,New York,New York 10121 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 465-4111 Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common StockMSGSNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02Results of Operations and Financial Condition.

On February 5, 2026, Madison Square Garden Sports Corp. (the “Company”) announced its financial results for its second quarter ended December 31, 2025. A copy of the press release containing the announcement is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01Financial Statements and Exhibits.

(d)     Exhibits 99.1    Press Release dated February 5, 2026. 104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MADISON SQUARE GARDEN SPORTS CORP.

(Registrant)

By:/s/ Victoria M. Mink Name:Victoria M. Mink Title:Executive Vice President, Chief Financial Officer and Treasurer

Dated: February 5, 2026