Quarterly ResultNov 6, 2026, 07:41 AM
MSG Sports Reports Q2 Loss of $31.1M on $45.5M Revenue
AI Summary
Madison Square Garden Sports Corp. reported a net loss of $31.14 million for the three months ended September 30, 2026, a significant increase from the $8.80 million loss in the same period last year. Loss per share widened to $1.29 from $0.37. Despite the increased loss, total revenues rose to $45.49 million from $39.45 million year-over-year. The company also recorded restructuring charges of $0.58 million. Cash reserves saw a substantial decrease, and total liabilities increased.
Key Highlights
- Net loss for the three months ended September 30, 2026, was $31.14 million, compared to $8.80 million in the prior year.
- Basic and diluted loss per common share was $1.29 for the three months ended September 30, 2026, compared to $0.37 in the prior year.
- Total revenues increased to $45.49 million for the three months ended September 30, 2026, from $39.45 million in the prior year.
- Operating loss was $25.46 million for the three months ended September 30, 2026, compared to $27.43 million in the prior year.
- Cash and cash equivalents decreased to $40.05 million as of September 30, 2026, from $164.51 million as of June 30, 2026.
- Total assets decreased to $1.527 billion as of September 30, 2026, from $1.538 billion as of June 30, 2026.
- Total liabilities increased to $1.834 billion as of September 30, 2026, from $1.801 billion as of June 30, 2026.
- Restructuring charges of $0.58 million were recorded in the three months ended September 30, 2026.
Price Impact
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