Madison Square Garden Sports Corp. continued its strong financial growth during the first nine months of fiscal 2026, reporting a 10% year-over-year increase in revenue to $864.5 million (€736 million). The company also posted net income of $76.2 million (€64.9 million), up 18% compared to the same period last year.
The group owns two of New York’s most iconic franchises: the New York Knicks and the New York Rangers.
According to Executive Chairman and CEO James L. Dolan, the company benefited from sustained demand for live entertainment and events hosted at Madison Square Garden.
The company highlighted strong momentum across concerts, sporting events, premium hospitality, and venue-related revenues as key contributors to the improved financial performance.
By business segment:
- Entertainment-related revenue increased 11% to $657.4 million
- Food and beverage revenue rose 6.5% to $132.2 million
- Revenue generated from Madison Square Garden rentals climbed 5.4% to $74.7 million
The figures underline how diversified live entertainment operations continue to play a central role in MSG Sports’ overall business model.
The results also come shortly after the company’s board unanimously approved a plan in February to explore a potential separation of the Knicks and Rangers into two independent publicly traded companies.
While no timeline has been established and the company stressed that no final decision has been made, the proposal reflects the increasing focus on franchise-specific valuations within the global sports investment market.
If completed, the move could significantly reshape the ownership and commercial structure of two of the most valuable franchises in North American sports.