Madison Square Garden Sports, the parent company of the Knicks and Rangers, is facing an uncertain media rights future, as broadcast partner MSG Networks has been scrambling to avoid bankruptcy.

Madison Square Garden Sports was squeezed by a jump in operating expenses in the latest quarter despite the professional sports company benefiting from a rise in ticket and merchandise sales and the New York Knicks' and New York Rangers' early-season roster.

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Madison Square Garden Sports Corp. ( NYSE: MSGS) Q2 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Ari Danes - Senior Vice President of Investor Relations Jamaal Lesane - Chief Operating Officer Victoria Mink - Executive Vice President, Chief Financial Officer and Treasurer

The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. The sports team and entertainment company posted revenue of $357.8 million in the period,

Madison Square Garden Sports Corp (MSGS) reports robust revenue increases despite facing higher operating expenses and media rights challenges.

Madison Square Garden (MSGS) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.