Madison Square Garden (MSGS) Posts Q1 Loss, Falls Short of Revenue Projections
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
0mins
Should l Buy MSGS?
Source: NASDAQ.COM
Quarterly Performance: Madison Square Garden reported a quarterly loss of $0.37 per share, outperforming the Zacks Consensus Estimate of a loss of $1.04, and showing a significant earnings surprise of +64.42%.
Revenue Insights: The company generated revenues of $39.45 million, missing the consensus estimate by 3.35% and down from $53.31 million a year ago, while surpassing revenue estimates twice in the last four quarters.
Stock Outlook: Madison Square Garden shares have underperformed the market with a 0.4% loss since the beginning of the year, and the stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Leisure and Recreation Services industry, to which Madison Square Garden belongs, is ranked in the top 35% of Zacks industries, suggesting that industry performance could significantly influence the stock's future.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MSGS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MSGS
Wall Street analysts forecast MSGS stock price to fall
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 278.200
Low
220.00
Averages
250.00
High
290.00
Current: 278.200
Low
220.00
Averages
250.00
High
290.00
About MSGS
Madison Square Garden Sports Corp. is a professional sports company, with a collection of assets that includes the New York Knicks (National Basketball Association) and the New York Rangers (National Hockey League), as well as two development league teams - the Westchester Knicks (NBA G League) and the Hartford Wolf Pack (American Hockey League). The Westchester Knicks serve as the exclusive NBA G League affiliate of the Knicks. The Hartford Wolf Pack, a minor-league hockey team in the American Hockey League, is the affiliate team for the Rangers. It also operates a professional sports team performance center - the Madison Square Garden Training Center in Greenburgh, New York. The approximately 114,000 square-foot facility features two basketball courts and one National Hockey League regulation-sized hockey rink, and is equipped with well-appointed private areas and office space and exercise and training rooms with dedicated equipment for each team, and other first-class amenities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sphere Arena's Triumph Brings Joy to CEO James Dolan
Success of The Sphere: The Sphere arena in Las Vegas has proven to be a successful venture, benefiting investors significantly.
CEO's Vision: CEO James Dolan played a crucial role in the arena's conception, design, and construction, demonstrating his commitment by monitoring the project remotely.
See More
Reinhart Partners Acquires Shares in Madison Square Garden Sports Corp.
- New Investment Disclosure: On February 10, 2026, Reinhart Partners disclosed a new position by acquiring 214,891 shares of Madison Square Garden Sports Corp., valued at approximately $55.59 million, indicating confidence in the company's future prospects.
- Ownership Proportion Analysis: This acquisition represents 1.66% of Reinhart's reportable assets under management in its 13F filing, reflecting a strategic positioning in the sports investment sector.
- Strong Market Performance: As of February 10, 2026, MSGS shares were priced at $279.76, marking a 34.3% increase over the past year, outperforming the S&P 500 by 19.92 percentage points, showcasing robust market demand and investor confidence.
- Profitability Challenges: Despite MSGS's stock price rising 63% over the past five years, it reported a net loss of $16.56 million in the last 12 months, prompting investors to consider the implications of its profitability on future stock performance.
See More
Morgan Stanley Raises MSG Sports Price Target to $295
- Price Target Increase: Morgan Stanley analyst Benjamin Swinburne raised the price target for MSG Sports from $220 to $295, reflecting confidence in the company's future performance while maintaining an Equal Weight rating, indicating a cautious optimism in the market.
- Stable Earnings Performance: The Q2 results were in line with expectations, with strong per game spending at Madison Square Garden, suggesting resilience in consumer spending that helps maintain the company's market position.
- Stock Price Uptrend: MSG Sports' shares have rallied over 35% in the last six months, indicating investor recognition of the company's growth potential and reflecting confidence in its business model.
- Balanced Risk-Reward: The analyst sees a balanced risk-reward scenario at the current stock price, maintaining the Equal Weight rating despite the price target increase, suggesting investors should exercise caution and avoid excessive optimism.
See More
Madison Square Garden Reports Q2 Earnings Results
- Earnings Performance: Madison Square Garden reported a Q2 GAAP EPS of $0.34, missing expectations by $0.12, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $403.4 million in Q2, a 12.7% year-over-year increase, surpassing market expectations by $8.83 million, demonstrating a sustained growth momentum in its recovery.
- Market Reaction: Despite the revenue beat, the decline in EPS may raise concerns about the company's future profitability, potentially exerting negative pressure on its stock price.
- Valuation Controversy: Disputes over Madison Square Garden's valuation by Forbes may influence investor perceptions of the company's long-term value, adding uncertainty to the market.
See More
Madison Square Garden Q2 Earnings Preview
- Earnings Announcement Date: Madison Square Garden is set to announce its Q2 2023 earnings on February 5th before market open, generating anticipation for its performance.
- Significant EPS Growth: The consensus EPS estimate stands at $0.43, reflecting a remarkable year-over-year increase of 760%, indicating a substantial improvement in the company's profitability.
- Robust Revenue Expectations: The consensus revenue estimate is $394.58 million, representing a 10.3% year-over-year growth, showcasing the company's stable growth trajectory in the market.
- Strong Performance Record: Over the past year, Madison Square Garden has exceeded EPS estimates 50% of the time and revenue estimates 100% of the time, demonstrating its strong performance and market confidence.
See More
Madison Square Garden Sports Corp. Schedules Q2 Earnings Call
- Earnings Call Scheduled: Madison Square Garden Sports Corp. will host a conference call on February 5, 2026, at 10:00 a.m. ET to discuss its fiscal Q2 results ending December 31, 2025, highlighting the company's commitment to transparency and investor communication.
- Pre-Release Announcement: The company will issue a press release prior to market opening, ensuring timely access to key financial information for investors, thereby enhancing market expectations regarding its performance.
- Diverse Participation Options: Investors can join the call by dialing 888-660-6386 with conference ID 6996895 or listen via webcast, demonstrating the company's flexibility and convenience in information dissemination.
- Replay Services Available: For those unable to participate live, a recording can be accessed by calling 800-770-2030, with replay available until February 12, 2026, ensuring all stakeholders can obtain critical information.
See More
Sphere Arena's Triumph Brings Joy to CEO James Dolan
Success of The Sphere: The Sphere arena in Las Vegas has proven to be a successful venture, benefiting investors significantly.
CEO's Vision: CEO James Dolan played a crucial role in the arena's conception, design, and construction, demonstrating his commitment by monitoring the project remotely.
See More
Reinhart Partners Acquires Shares in Madison Square Garden Sports Corp.
- New Investment Disclosure: On February 10, 2026, Reinhart Partners disclosed a new position by acquiring 214,891 shares of Madison Square Garden Sports Corp., valued at approximately $55.59 million, indicating confidence in the company's future prospects.
- Ownership Proportion Analysis: This acquisition represents 1.66% of Reinhart's reportable assets under management in its 13F filing, reflecting a strategic positioning in the sports investment sector.
- Strong Market Performance: As of February 10, 2026, MSGS shares were priced at $279.76, marking a 34.3% increase over the past year, outperforming the S&P 500 by 19.92 percentage points, showcasing robust market demand and investor confidence.
- Profitability Challenges: Despite MSGS's stock price rising 63% over the past five years, it reported a net loss of $16.56 million in the last 12 months, prompting investors to consider the implications of its profitability on future stock performance.
See More
Morgan Stanley Raises MSG Sports Price Target to $295
- Price Target Increase: Morgan Stanley analyst Benjamin Swinburne raised the price target for MSG Sports from $220 to $295, reflecting confidence in the company's future performance while maintaining an Equal Weight rating, indicating a cautious optimism in the market.
- Stable Earnings Performance: The Q2 results were in line with expectations, with strong per game spending at Madison Square Garden, suggesting resilience in consumer spending that helps maintain the company's market position.
- Stock Price Uptrend: MSG Sports' shares have rallied over 35% in the last six months, indicating investor recognition of the company's growth potential and reflecting confidence in its business model.
- Balanced Risk-Reward: The analyst sees a balanced risk-reward scenario at the current stock price, maintaining the Equal Weight rating despite the price target increase, suggesting investors should exercise caution and avoid excessive optimism.
See More
Madison Square Garden Reports Q2 Earnings Results
- Earnings Performance: Madison Square Garden reported a Q2 GAAP EPS of $0.34, missing expectations by $0.12, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $403.4 million in Q2, a 12.7% year-over-year increase, surpassing market expectations by $8.83 million, demonstrating a sustained growth momentum in its recovery.
- Market Reaction: Despite the revenue beat, the decline in EPS may raise concerns about the company's future profitability, potentially exerting negative pressure on its stock price.
- Valuation Controversy: Disputes over Madison Square Garden's valuation by Forbes may influence investor perceptions of the company's long-term value, adding uncertainty to the market.
See More
Madison Square Garden Q2 Earnings Preview
- Earnings Announcement Date: Madison Square Garden is set to announce its Q2 2023 earnings on February 5th before market open, generating anticipation for its performance.
- Significant EPS Growth: The consensus EPS estimate stands at $0.43, reflecting a remarkable year-over-year increase of 760%, indicating a substantial improvement in the company's profitability.
- Robust Revenue Expectations: The consensus revenue estimate is $394.58 million, representing a 10.3% year-over-year growth, showcasing the company's stable growth trajectory in the market.
- Strong Performance Record: Over the past year, Madison Square Garden has exceeded EPS estimates 50% of the time and revenue estimates 100% of the time, demonstrating its strong performance and market confidence.
See More
Madison Square Garden Sports Corp. Schedules Q2 Earnings Call
- Earnings Call Scheduled: Madison Square Garden Sports Corp. will host a conference call on February 5, 2026, at 10:00 a.m. ET to discuss its fiscal Q2 results ending December 31, 2025, highlighting the company's commitment to transparency and investor communication.
- Pre-Release Announcement: The company will issue a press release prior to market opening, ensuring timely access to key financial information for investors, thereby enhancing market expectations regarding its performance.
- Diverse Participation Options: Investors can join the call by dialing 888-660-6386 with conference ID 6996895 or listen via webcast, demonstrating the company's flexibility and convenience in information dissemination.
- Replay Services Available: For those unable to participate live, a recording can be accessed by calling 800-770-2030, with replay available until February 12, 2026, ensuring all stakeholders can obtain critical information.
See More
