MSG Sports (MSGS) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 5, 2026 astatine 10:16 AM CST 16 min read

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Feb. 5, 2026 astatine 10 a.m. ET

• President and Chief Operating Officer — Jamaal T. Lesane

• Executive Vice President and Chief Financial Officer — Victoria M. Mink

• Senior Vice President, Investor Relations and Treasury — Ari Danes

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Jamaal T. Lesane: Thank you, Ari, and bully morning, everyone. For the fiscal 2026 2nd quarter, Madison Square Garden Sports Corp. generated revenues of astir $403 cardinal and adjusted operating income of astir $30 million. These results bespeak affirmative momentum successful cardinal operating areas with per crippled revenues crossed each in-game categories including ticketing, suites, sponsorship, and food, beverage, and merchandise up arsenic compared to the fiscal 2025 2nd quarter. These results besides bespeak higher nationalist media rights fees arsenic a effect of the NBA's caller nationalist media deals, the interaction of our amended section media rights agreements with MSG Networks, and our continued concern successful our teams.

As we look up with the ongoing momentum we spot crossed our business, we stay well-positioned to thrust semipermanent worth for our shareholders. Now let's sermon our operations successful much detail. This year, instrumentality enthusiasm for our teams continues to beryllium evident successful results crossed our business. The Knicks and Rangers combined play summons renewal complaint this play was astir 94%. In addition, we've been focused connected optimizing pricing and premix of idiosyncratic and radical income to maximize revenues for each game. As a result, we saw a year-over-year summation successful per crippled ticketing gross successful the fiscal 2nd quarter, which besides reflects the summation successful mixed play summons prices pursuing the team's breathtaking playoff tally past year.

This year, we've besides been celebrating the Rangers' centennial season, with aggregate generations of fans and erstwhile Rangers players joining america astatine the Garden for a fig of curated taxable nights to item the past of our storied franchise. This solemnisation volition culminate with the Rangers' 100th day capstone crippled successful November. This peculiar play has included 2 caller additions to our merchandise collection: a centennial jersey that honors our 100 years of history, and a abstracted jersey that commemorates our information successful the NHL's yearly wintertime classic, arsenic worn by the players successful that game. In addition, we person besides introduced a fig of different caller merchandise offerings for some the Knicks and Rangers this year.