Skip to content
OpenCapital
Get started

Madison Square Garden Sports MSGS Q1 2026 earnings

Reported October 31, 2025 · Before market open

Revenue$39.5MMiss by $355.1MDiluted EPS-$0.37Beat by $0.67
Revenue estimate$394.6M
EPS estimate-$1.04

Next report

Aug 11, 2026 (in 2 months)
Revenue estimate$200.2M
EPS estimate$0.31

Financials

Q1 2026

Income statement

See full
Revenue$39.5M-26.0%
Operating income-$27.4M-232%
Net income-$8.8M-16.7%
EPS (diluted)-$0.37-19.4%

Balance sheet

See full
Cash & equivalents$48.6M-6.9%
Total debt$1.2B+7.4%
Total equity-$294.2M-6.0%
Total assets$1.5B+10.5%

Cash flow

See full
Operating cash flow-$85.0M-225%
CapEx$371.0K+3.3%
Free cash flow-$85.3M-222%

Valuation & ratios

Q1 2026

Valuation

See full
Market cap$5.45B+8.9%
Enterprise value$6.58B+8.8%
P/S5.3×+0.5×

Profitability

See full
Net margin-2.3%-9.1pp
FCF margin2.8%—

Returns & leverage

See full
Current ratio0.4×0.0×

Segments

By product

See full
League distributions and other$23.7M-31.7%
Event-related$6.0M-1.3%
Media rights$5.1M-30.6%
Sponsorship, signage and suite licenses$4.7M-10.3%

By segment

See full
Single Operating Segment$39.5M-26.0%

Versus estimates

Revenue

Q3 2026$432.2MBeat by $2.5MQ2 2026$403.4MBeat by $7.8M
Q1 2026$39.5MMiss by $355.1M
Q4 2025$204.0MBeat by $162.0MQ3 2025$424.2MBeat by $282.9MQ2 2025$357.8MMiss by $80.1M

Diluted EPS

Q3 2026-$0.78Miss by $1.34Q2 2026$0.34Miss by $0.32
Q1 2026-$0.37Beat by $0.67
Q4 2025-$0.07Beat by $0.35Q3 2025-$0.59Miss by $2.07Q2 2025$0.05Miss by $0.25

Ask the moment Madison Square Garden Sports reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Madison Square Garden Sports report Q1 2026 earnings?
Madison Square Garden Sports (MSGS) reported Q1 2026 earnings on October 31, 2025 before market open.
What were Madison Square Garden Sports's Q1 2026 revenue and EPS?
Madison Square Garden Sports reported revenue of $39.5M and diluted EPS of $-0.37 for Q1 2026.
Did Madison Square Garden Sports beat estimates in Q1 2026?
Revenue missed the consensus estimate of $394.6M by $355.1M. EPS beat the consensus estimate of $-1.04 by $0.67.
How did Madison Square Garden Sports's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 26.0% from $53.3M a year earlier and diluted EPS declined 19.4% from $-0.31.
Where can I find Madison Square Garden Sports's Q1 2026 SEC filings?
You can read the 10-Q periodic report (0001628280-25-047671) directly on SEC EDGAR. The filing index links above go to sec.gov.