MSGS reports Q1 2026 results with $27.4M operating loss

Item 2.02 Results of Operations and Financial Condition.

On October 31, 2025 , Madison Square Garden Sports Corp. (the "Company") announced its financial results for its first quarter ended September 30, 2025. A copy of the press release containing the announcement is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated October 31 , 2025.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MADISON SQUARE GARDEN SPORTS CORP.

(Registrant)

By: /s/ Victoria M. Mink

Name: Victoria M. Mink

Title: Executive Vice President,

Chief Financial Officer and Treasurer

Dated: October 31, 2025

MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2026 FIRST QUARTER RESULTS

NEW YORK, N.Y., October 31, 2025 - Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2025.

This month, the New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2025-26 regular seasons at the Madison Square Garden Arena ("The Garden"). Recent Company operating highlights include:

• The combined average season ticket renewal rate for the Knicks and Rangers is approximately 94% for the 2025-26 seasons;

• The Company announced a new multi-year marketing partnership with GAME 7 that includes naming the multi-platform sports and entertainment brand as the first-ever jersey patch partner of the Rangers;

• The suites business continues to benefit from strong renewals and new sales activity, including for several recently renovated Lexus-level suites at The Garden; and

• The Rangers began a year-long campaign to celebrate the team's 100 th anniversary season, with a number of special offerings and initiatives planned across the season, including a special Centennial jersey that launched in September.

For the fiscal 2026 first quarter, the Company generated revenues of $39.5 million, a decrease of $13.9 million, or 26%, as compared to the prior year period. In addition, the Company reported an op