Madison Square Garden Sports

Q4 FY2026 EarningsFY26 Q4 results significantly outperformed consensus expectations across all major metrics: revenue reached $278.7M vs. $226.4M expected, and Diluted EPS (GAAP) was $1.16, nearly double the $0.63 consensus mean. The beat was primarily driven by the New York Knicks' NBA Championship run, which generated $66.9M in incremental playoff-related revenue. Operating income swung to a profit of $32.2M, far exceeding the projected $29.5M EBIT, while the company announced progress on the proposed spin-off of the New York Rangers expected by October 2026.