Madison Square Garden Sports Corp.
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MSGS FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 1,039,220 | 1,027,149 | +1.2% |
Show Product Lines breakouts |
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| Event-related | 462,533 | 458,213 | +0.9% |
| League distributions and other | 60,937 | 60,438 | +0.8% |
| Media rights | 285,566 | 297,756 | -4.1% |
| Sponsorship, signage and suite licenses | 230,184 | 210,742 | +9.2% |
Show Business Segments breakouts |
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| Single Operating Segment | 1,039,220 | 1,027,149 | +1.2% |
Show Related Party Transactions By Related Party breakouts |
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| MSG Networks | 157,389 | 175,325 | -10.2% |
| Related Party | 177,389 | 197,640 | -10.2% |
| Direct Operating Costs | 755,118 | 616,514 | +22.5% |
Show Related Party Transactions By Related Party breakouts |
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| Related Party | 102,272 | 104,611 | -2.2% |
| Selling, General & Administrative | 266,076 | 261,433 | +1.8% |
Show Related Party Transactions By Related Party breakouts |
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| Related Party | 70,943 | 63,442 | +11.8% |
| Depreciation And Amortization | 3,218 | 3,164 | +1.7% |
Show Business Segments breakouts |
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| Single Operating Segment | 3,218 | 3,164 | +1.7% |
| Operating Income | 14,808 | 146,038 | -89.9% |
| Interest Income | 4,034 | 2,787 | +44.7% |
Show Business Segments breakouts |
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| Single Operating Segment | 4,034 | 2,787 | +44.7% |
| Interest Expense | -21,652 | -27,589 | +21.5% |
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| Single Operating Segment | -21,652 | -27,589 | +21.5% |
| Other Non-Operating Income (Expense) | -14,462 | -15,568 | +7.1% |
Show Business Segments breakouts |
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| Single Operating Segment | -14,462 | -15,568 | +7.1% |
| Non-Operating Income (Expense) | -32,080 | -40,370 | +20.5% |
| Income Before Taxes | -17,272 | 105,668 | -116.3% |
| Income Tax Expense (Benefit) | -5,166 | -46,897 | +89.0% |
Show Business Segments breakouts |
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| Single Operating Segment | -5,166 | -46,897 | +89.0% |
| Net Income | -22,438 | 58,771 | -138.2% |
Show Business Segments breakouts |
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| Single Operating Segment | -22,438 | 58,771 | -138.2% |
| Net Income | -22,438 | 58,771 | -138.2% |
| EPS (Basic) | -0.93 | 2.45 | -138.0% |
| EPS (Diluted) | -0.93 | 2.44 | -138.1% |
| Wtd Avg Shares (Basic) | 24,089 | 24,011 | +0.3% |
| Wtd Avg Shares (Diluted) | 24,089 | 24,096 | -0.0% |
| Comprehensive Income | -22,383 | 58,828 | -138.0% |
| Net Income Loss Available To Common Stockholders Basic | -22,457 | 58,771 | -138.2% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 144,617 | 89,136 | +62.2% |
| Restricted Cash And Cash Equivalents At Carrying Value | 8,571 | 5,771 | +48.5% |
| Accounts Receivable (Q) | — | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Nonrelated Party | 25,855 | 33,781 | -23.5% |
| Related Party | 3,582 | 32,255 | -88.9% |
| Prepaid Expense Current | 43,417 | 30,956 | +40.3% |
| Other Assets Current | 25,053 | 25,043 | 0.0% |
| Total Current Assets | 251,095 | 216,942 | +15.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 28,962 | 28,541 | +1.5% |
| Operating Lease Right-of-Use Assets | 760,456 | 694,566 | +9.5% |
| Goodwill | 226,523 | 226,523 | 0.0% |
| Deferred Tax Assets | 34,821 | — | — |
| Other Non-Current Assets | 12,753 | 13,533 | -5.8% |
| Total Assets | 1,472,974 | 1,346,292 | +9.4% |
| Other Assets | |||
| Indefinite Lived Intangible Assets Excluding Goodwill | 103,644 | 103,644 | 0.0% |
Show Indefinite Lived Intangible Assets By Major Class breakouts |
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| Artistic Related Intangible Assets | 1,080 | 1,080 | 0.0% |
| Franchise Rights | 102,564 | 102,564 | 0.0% |
| Investments | 54,720 | 62,543 | -12.5% |
| Current Liabilities | |||
| Accounts Payable (Q) | — | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Nonrelated Party | 9,336 | 9,900 | -5.7% |
| Related Party | 4,807 | 6,718 | -28.4% |
| Short Term Borrowings | 24,000 | 30,000 | -20.0% |
Show Debt Instrument breakouts |
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| 2021 Rangers NHL Advance · Rangers | 24,000 | — | — |
| Employee Related Liabilities Current | 98,924 | 133,930 | -26.1% |
| Accrued League Related Charges Current | 196,567 | 120,876 | +62.6% |
| Other Accrued Liabilities Current | 13,093 | 21,613 | -39.4% |
| Operating Lease Liability Current | 52,618 | 50,267 | +4.7% |
Show Counterparty Name breakouts |
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| MSG Entertainment | 46,040 | — | — |
| Deferred Revenue (Current) | 164,178 | 148,678 | +10.4% |
| Total Current Liabilities | 563,523 | 521,982 | +8.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 267,000 | 275,000 | -2.9% |
| Operating Lease Liabilities | 841,050 | 749,952 | +12.1% |
Show Counterparty Name breakouts |
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| MSG Entertainment | 811,190 | — | — |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 4,086 | 4,103 | -0.4% |
Show Retirement Plan Type breakouts |
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| Pension Plans Defined Benefit | 4,086 | 4,103 | -0.4% |
| Other Employee Related Liabilities Noncurrent | 78,092 | 43,493 | +79.6% |
| Contract With Customer Liability Noncurrent | 662 | 1,147 | -42.3% |
| Total Liabilities | 1,754,413 | 1,612,602 | +8.8% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
Show Statement Class Of Stock breakouts |
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| Common Class A | 204 | 204 | 0.0% |
| Common Class B | 45 | 45 | 0.0% |
| Additional Paid In Capital Common Stock | 15,348 | 19,079 | -19.6% |
| Treasury Stock Common Value | -158,543 | -169,547 | +6.5% |
| Retained Earnings | -137,596 | -115,139 | -19.5% |
| Accumulated Other Comprehensive Income | -897 | -952 | +5.8% |
| Total Stockholders' Equity | -281,439 | -266,310 | -5.7% |
| Total Liabilities & Equity | 1,472,974 | 1,346,292 | +9.4% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 3,218 | 3,164 | +1.7% |
| Stock-Based Compensation | 17,935 | 21,291 | -15.8% |
| Deferred Income Taxes And Tax Credits | -51,769 | -7,135 | -625.6% |
| Unrealized Gain Loss On Investments | 11,536 | 10,591 | +8.9% |
| Other Operating Activities Cash Flow Statement | 5,538 | 7,264 | -23.8% |
| Change in Accounts Receivable | 7,926 | 6,358 | +24.7% |
| Increase Decrease In Due From Affiliates Current | 28,673 | -16,286 | +276.1% |
| Change in Prepaid & Other Assets | -12,978 | 4,481 | -389.6% |
| Increase Decrease Of Restricted Investments | -2,503 | -2,683 | +6.7% |
| Increase Decrease In Accounts Payable Trade | -574 | 803 | -171.5% |
| Increase Decrease In Accounts Payable Related Parties | -1,920 | 1,048 | -283.2% |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | 66,389 | -398 | +16780.7% |
| Increase Decrease In Deferred Revenue | 15,015 | -19,892 | +175.5% |
| Increase Decrease In Operating Lease Right Of Use Asset And Operating Lease Liability | 27,559 | 24,754 | +11.3% |
| Net Cash from Operations | 91,607 | 92,131 | -0.6% |
| Deferred Income Taxes | -51,769 | -7,135 | -625.6% |
| Investing Activities | |||
| Capital Expenditures | -3,621 | -1,451 | -149.6% |
| Payments To Acquire Investments | -3,399 | -7,447 | +54.4% |
| Other Investing Activities | 100 | — | — |
| Net Cash from Investing | -6,920 | -8,898 | +22.2% |
| Financing Activities | |||
| Tax Withholding for Share Compensation | -11,773 | -8,084 | -45.6% |
Show Award Type breakouts |
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| Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) | -10,662 | — | — |
| Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) · Related Party | -24 | — | — |
| Payments Of Dividends | -633 | -701 | +9.7% |
| Repayments Of Lines Of Credit | -8,000 | -95,000 | +91.6% |
| Repayments Of Other Short Term Debt | -6,000 | — | — |
| Net Cash from Financing | -26,406 | -28,785 | +8.3% |
| Supplemental | |||
| Unpaid Capital Expenditures | 26 | 40 | -35.0% |
| Income Taxes Paid | 65,733 | 48,035 | +36.8% |
| Other Cash Flow | |||
| Net Change in Cash | 58,281 | 54,448 | +7.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 153,188 | 94,907 | +61.4% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.