MSG Knickerbockers (MSGS) FY2026 results: revenue $1.2 billion, up 11.0% on the year
MSG Knickerbockers Corp. (MSGS) reported revenue of $1.2 billion for fiscal 2026, the year ended 30 June 2026, up 11.0% on the year before. Net income was $8 million, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2026.
Revenue
$1.2 billion
+11.0% on the year
FY2019FY2026
Operating margin
2.5%
1.4% a year earlier
FY2019FY2026
Net income
$8 million
FY2019FY2026
Diluted EPS
$0.32
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Fourth quarter revenue rose 37%: Fourth-quarter revenues were $278.7 million, up $74.8 million from the prior-year quarter, mainly on higher playoff-related revenues.
Operating income turned positive: Fourth-quarter operating income was $32.2 million, against an operating loss of $22.6 million a year earlier. Adjusted operating income was $39.6 million, against an adjusted loss of $16.8 million.
Playoff revenue drove the gain: Playoff-related revenues rose $66.9 million, mainly on higher Knicks per-game playoff revenue after the Knicks won the championship, compared with a conference finals run a year earlier.
Team personnel provisions were lower: Net provisions for certain team personnel transactions were $48.5 million lower than in the prior-year quarter, against $49.2 million of higher playoff-related expenses.
Operating cash flow declined in fiscal 2026: Net cash from operating activities was $62.7 million for the full year, down from $91.6 million. Financing outflows were $49.1 million, up from $26.4 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
62.7
91.6
92.1
-31.6%
Capital expenditure
1.4
3.6
1.5
-61.1%
Free cash flow
61.3
88.0
90.7
-30.4%
Free cash flow margin
5.3%
8.5%
8.8%
Cash from investing
-2.2
-6.9
-8.9
Cash from financing
-49.1
-26.4
-28.8
Depreciation and amortisation
3.2
3.2
3.2
-1.2%
Share-based compensation
21.5
17.9
21.3
+20.0%
Dividends paid
0.5
0.6
0.7
-25.4%
Dividend per share
$7.00
$7.00
$7.00
0.0%
Diluted shares, weighted
24m
24m
24m
+0.7%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
-263
-281
-266
Debt
258
291
305
-11.2%
Operating lease liabilities
844
841
750
+0.3%
Other liabilities
698
622
558
+12.2%
Total liabilities and equity
1,538
1,473
1,346
+4.4%
Fixed assets
27.2
29.0
28.5
-6.2%
Goodwill
227
227
227
0.0%
Intangible assets
n/a
0.0
0.0
Cash and equivalents
165
145
89.1
+13.8%
Inventory
10.4
n/a
n/a
Other assets
1,109
1,073
1,002
+3.4%
Total assets
1,538
1,473
1,346
+4.4%
10-K for the year ended 30 June 2026, filed 13 August 2026: the filing.