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Madison Square Garden Sports MSGS Q3 2025 earnings

Reported May 2, 2025 · Before market open

Revenue$424.2MBeat by $282.9MDiluted EPS-$0.59Miss by $2.07
Revenue estimate$141.3M
EPS estimate$1.48

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$424.2M-1.3%
Operating income$32.3M-59.4%
Net income-$14.2M-138%
EPS (diluted)-$0.59-138%

Balance sheet

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Cash & equivalents$96.5M+141%
Total debt$1.2B+2.0%
Total equity-$283.4M—
Total assets$1.5B+8.4%

Cash flow

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Operating cash flow$6.3M—
CapEx$2.4M+2,406%
Free cash flow$3.9M—

Valuation & ratios

Q3 2025

Valuation

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Market cap$4.68B+5.4%
Enterprise value$5.77B+3.7%
P/E967.3×—
P/S4.4×-0.4×

Profitability

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Operating margin8.4%—
Net margin0.5%—
FCF margin13.8%—

Returns & leverage

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Current ratio0.5×0.0×

Segments

By product

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Event-related$176.8M-0.6%
Media rights$123.5M—
Sponsorship, signage and suite licenses$113.7M+12.1%
League distributions and other$10.2M-8.5%

By segment

See full
Single Operating Segment$424.2M+65.2%

Versus estimates

Revenue

Q3 2026$432.2MBeat by $2.5MQ2 2026$403.4MBeat by $7.8MQ1 2026$39.5MMiss by $355.1MQ4 2025$204.0MBeat by $162.0M
Q3 2025$424.2MBeat by $282.9M
Q2 2025$357.8MMiss by $80.1M

Diluted EPS

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

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Questions, answered.

When did Madison Square Garden Sports report Q3 2025 earnings?
Madison Square Garden Sports (MSGS) reported Q3 2025 earnings on May 2, 2025 before market open.
What were Madison Square Garden Sports's Q3 2025 revenue and EPS?
Madison Square Garden Sports reported revenue of $424.2M and diluted EPS of $-0.59 for Q3 2025.
Did Madison Square Garden Sports beat estimates in Q3 2025?
Revenue beat the consensus estimate of $141.3M by $282.9M. EPS missed the consensus estimate of $1.48 by $2.07.
How did Madison Square Garden Sports's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.3% from $430.0M a year earlier.
Where can I find Madison Square Garden Sports's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001636519-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.