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Companies / Communication Services / Madison Square Garden Sports Corp.
MSGS

Madison Square Garden Sports Corp.

Ticker MSGSNEW YORK, NYFiscal year ends JuneBook value per share $-10.86Diluted shares 24.3M

Madison Square Garden Sports Corp. (NYSE: MSGS) operates as a premier sports entertainment company owning and operating iconic professional sports franchises in the nation's largest media market. The company's website is located at www.msgsports.com. From the company’s description.

Fiscal year 2026 · ends 06-30Changes are against fiscal 2025
Sales & profitability
$1.15B
+11.0% year over year
2.50%
+1.1 percentage points
$7.76M
+134.6% year over year
-3.29%
−11.3 percentage points
Cash & financing
$62.66M
−31.6% year over year
$61.26M
−30.4% year over year
-0.98
Was -1.03× a year earlier
24.3M
+0.7% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Madison Square Garden Sports Corp. does

In the company’s own words

Madison Square Garden Sports Corp. (NYSE: MSGS) operates as a premier sports entertainment company owning and operating iconic professional sports franchises in the nation's largest media market. The company's website is located at www.msgsports.com.

The core business centers on the ownership and operation of the New York Knickerbockers of the National Basketball Association and the New York Rangers of the National Hockey League, both of which play their home games at Madison Square Garden Arena, known as The World's Most Famous Arena. The company also operates two development league affiliates: the Westchester Knicks of the NBA G League and the Hartford Wolf Pack of the American Hockey League. Additionally, the company owns and operates the Madison Square Garden Training Center in Greenburgh, New York, a 114,000 square-foot professional sports performance facility featuring basketball courts and an NHL regulation-sized hockey rink.

As of June 30, 2026, the company employed 522 full-time employees and 495 part-time employees, with approximately 11.7 percent represented by unions. The company generates revenue through multiple streams including ticket sales, media rights agreements, sponsorship and signage arrangements, suite and premium hospitality offerings, and merchandise sales. The company maintains multi-year local media rights agreements with MSG Networks for telecast and radio rights to Knicks and Rangers games, with terms extending through the 2028-29 seasons. National media rights revenues flow through pro-rata sharing arrangements with the NBA and NHL.

The company's competitive advantages include iconic global brands with deep historical significance, a loyal and passionate fan base spanning diverse demographics, strategic partnerships with MSG Entertainment for integrated marketing and hospitality solutions, and a seasoned management team with expertise in team operations, event presentation, and premium hospitality. The company benefits from long-term arena license agreements with MSG Entertainment extending through June 2055.

In February 2026, the company's board authorized exploration of a potential spin-off transaction that would separate the Rangers business from the Knicks business, creating two distinct publicly traded companies. The proposed transaction, referred to as the Rangers Distribution, would be structured as a tax-free distribution to stockholders.

Company details
Sector
Communication Services
Industry (SIC)
Services
Headquarters
NEW YORK, NY
Fiscal year end
June
CIK
1636519
SIC
7990

Financial performance, year by year

Fiscal 2016–2026 · USD
$-392.86M$159.12M$711.10M$1.26B$1.82B20162017201820192020202120222023202420252026

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Madison Square Garden Sports Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

282
funds hold it
0 of 35
superinvestors hold it
$2.89B
held by funds, at market
37.7%
of shares held by funds

Largest fund holders · Madison Square Garden Sports Corp.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.39%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
ClearBridge Growth Fund
SHRAX · Legg Mason Partners Investment Trust
3.66%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.20%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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