Madison Square Garden Sports Corp. (MSGS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MSGS Revenue Growth
Revenue Breakdown (FY 2025)
MSGS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSGS Revenue Analysis (2014–2025)
As of May 7, 2026, Madison Square Garden Sports Corp. (MSGS) generated trailing twelve-month (TTM) revenue of $1.07 billion, reflecting strong growth of +12.8% year-over-year. The most recent quarter (Q2 2026) recorded $403.4 million in revenue, up 922.5% sequentially.
Looking at the longer-term picture, MSGS's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.56 billion in 2018.
Revenue diversification analysis shows MSGS's business is primarily driven by Event-related (45%), Local Media Rights (27%), and Sponsorship, signage and suite licenses (22%).
When compared to Communication Services sector peers including MANU (+5.6% YoY), BRLS (+33.4% YoY), and WBD (-5.1% YoY), MSGS has underperformed the peer group in terms of revenue growth. Compare MSGS vs MANU →
MSGS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSGSCurrent | $1.1B | +12.8% | +11.5% | 1.4% | |
 MANU | $667M | +5.6% | +5.5% | -2.8% | |
 BRLS | $28M | +33.4% | - | -73.7% | |
 WBD | $37.3B | -5.1% | +28.4% | 3.5% | |
 MSGE | $943M | +5.7% | +10.0% | 13.0% |
MSGS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.04B | +1.2% | $280.9M | 27.0% | $14.8M | 1.4% |
| 2024 | $1.03B | +15.7% | $407.5M | 39.7% | $146.0M | 14.2% |
| 2023 | $887.4M | +8.0% | $335.1M | 37.8% | $85.2M | 9.6% |
| 2022 | $821.4M | +97.6% | $315.7M | 38.4% | $86.1M | 10.5% |
| 2021 | $415.7M | -31.1% | $128.3M | 30.9% | $-78,307,000 | -18.8% |
| 2020 | $603.3M | -17.3% | $225.8M | 37.4% | $-92,263,000 | -15.3% |
| 2019 | $729.4M | -53.2% | $269.2M | 36.9% | $-58,195,000 | -8.0% |
| 2018 | $1.56B | +18.3% | $492.3M | 31.6% | $23.1M | 1.5% |
| 2017 | $1.32B | +18.2% | $349.7M | 26.5% | $-53,203,000 | -4.0% |
| 2016 | $1.12B | +4.1% | $275.0M | 24.7% | $-51,731,000 | -4.6% |
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Start ComparisonMSGS — Frequently Asked Questions
Quick answers to the most common questions about buying MSGS stock.
Is MSGS's revenue growth accelerating or slowing?
MSGS maintains +12.8% revenue growth, in line with its 5-year CAGR of +11.5%. TTM revenue stands at $1.1B. Growth rate remains consistent with historical average.
What is MSGS's long-term revenue growth rate?
Madison Square Garden Sports Corp.'s 5-year revenue CAGR of +11.5% reflects the sustained expansion pattern. Current YoY growth of +12.8% is near this long-term average.
How is MSGS's revenue distributed by segment?
MSGS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.