For the fiscal fourth quarter ended June 30, Madison Square Garden Sports reported diluted earnings of $1.16 per share, beating the 59-cent analyst estimate. Revenue totaled $278.75 million, above the $221.26 million estimate.
The company delivered a sharp fourth-quarter improvement as the Knicks’ 2025-26 NBA championship drove playoff revenue higher. Revenue increased 37% from $203.96 million a year earlier, while the company swung to an operating profit.
Championship Run Lifts Quarterly Revenue
Playoff-related revenue increased by $66.9 million, primarily because the Knicks generated higher average revenue per playoff game and stronger merchandise sales during their championship run. In the prior-year quarter, the Knicks advanced to the Eastern Conference Finals.
On the earnings call, management said playoff revenue reached $182 million, up from $115.2 million a year earlier. The Knicks hosted nine playoff games in both periods, but average revenue reached about $20.2 million per game this year, including the benefit of strong non-game-day merchandise sales.
