Company data sheet · Madison Square Garden Sports

Madison Square Garden Sports: from profit to four straight losses.

Industry
Miscellaneous Amusement & Recreation
Headquarters
United States
Ticker
MSGS (NYSE)
Sources
SEC filings (2015–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
Data as of
October 18, 2026
  1. From profit to four straight losses. Madison Square Garden Sports lost money every year from fiscal 2014 to 2017: $0.3 billion in all. Fiscal 2018 was its first profit in five years: $0.1 billion.
  2. Left behind by its peers. From 2016 to 2025, its revenue shrank 7% in US dollars; the median among 258 large service companies grew 105%. It outgrew only 12% of them.
  3. Still smaller than it was. Revenue reached $1.2 billion in fiscal 2026, 29% below its fiscal 2019 peak of $1.6 billion.
  4. Leaders came and went. Madison Square Garden Sports filed 32 leadership changes since 2016, more than 87% of large service companies (the median is 16). The day after each, its shares moved a median 0.0 points against its sector. The news was rarely news.

Financial results

Fiscal yearRevenueNet income
2016$1.1 billion−$0.1 billion
2017$1.3 billion−$0.1 billion
2018$1.6 billion$0.1 billion
2019$1.6 billion$0 billion
2020$0.6 billion−$0.2 billion
2021$0.4 billion−$0 billion
2022$0.8 billion$0.1 billion
2023$0.9 billion$0 billion
2024$1 billion$0.1 billion
2025$1 billion−$0 billion
2026$1.2 billion$0 billion

As reported in its annual filings. Losses in red.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

  • Market reaction to disclosed decisions: 55 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (33 with market data).
  • Economic context: 7 measures for the United States, every year since 2016, from the official sources.
  • Peer comparison: against 528 companies of its size in its sector.
  • Financial results: ten years of revenue, operating and net income, and every annual report, linked.
  • Methods and sources, so each number can be checked and cited.

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