Madison Square Garden Sports is a publicly owned company headquartered in the United States. Founded in 2010, the company employs approximately 520 individuals and reported $1.2B in revenue as of 2026. Functioning as a tier 1 media tech buyer, Madison Square Garden Sports specializes in spectator sports. The company operates as a sports holding company that features professional sports teams, including the New York Knicks (NBA) and the New York Rangers (NHL).
On August 14, 2026, Madison Square Garden Sports Corp. announced it is proceeding with its plan to split the NBA’s New York Knicks and the NHL’s New York Rangers, following the Knicks' recent championship win, their first in 53 years. This announcement came after the company reported a surge in fiscal 2026 results on August 13, driven by the Knicks' championship run, with revenue reaching $1.15 billion and adjusted operating income improving to $58.7 million. The company expects continued growth in fiscal 2027 across tickets, sponsorships, suites, food and beverage, and merchandise, supported by strong renewals, partnerships, and planned suite renovations. However, higher team compensation, luxury-tax payments, and revenue-sharing costs are expected to pressure results. Madison Square Garden Sports Corp. reiterated the proposed Rangers spinoff remains targeted for completion by the end of October, pending board approval and other conditions, while estimating an additional $16 million tax expense in fiscal 2028 related to the plan. Earlier on August 13, the $12.5 billion agreement for Bob Iger and Josh Kushner to buy the Los Angeles Lakers from Mark Walter gave an immediate boost to the NBA champion New York Knicks and Madison Square Garden Sports stock.
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Madison Square Garden Sports offers products in the media and telecoms services industry. Madison Square Garden Sports's product portfolio comprises of media and TV services.
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