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Madison Square’s Next Big Move: Can The Rangers Spin-Off Pay Off?

Madison Square Garden Sports Corp. reported fiscal year 2026 revenues of approximately $1.2 billion, with adjusted operating income near $59 million. The results were driven by strong consumer and corporate demand during the regular seasons and notably influenced by the New York Knicks’ NBA championship win. The Knicks’ postseason success led to record-breaking in-arena per game gate revenues and the highest ever single-day merchandise sales within 24 hours of clinching the title. Combined social media followers for the Knicks and New York Rangers grew by over 2.2 million, reaching nearly 22 million by June. Nationwide viewership for the NBA finals was the highest in 28 years, underscoring broad fan engagement beyond New York. Despite increased enthusiasm during the playoffs, demand for both teams was strong throughout the regular seasons, with increased per-game ticket revenue year-over-year.