麦迪逊广场花园体育 2026年季度报告

FORM 10-Q________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☑NoNumber of shares of common stock outstanding as of January 30, 2026: ClassA Common Stock par value $0.01 per shareClass B Common Stock par value $0.01 per share 19,539,8164,529,517 PARTI. FINANCIALINFORMATION Item1. Financial StatementsConsolidated Balance Sheets as of December 31, 2025 (unaudited) and June30, 2025Consolidated Statements of Operations for the three and six months ended December 31, 2025 and 2024 (unaudited)Consolidated Statements of Comprehensive Income(Loss) for the three and six months ended December 31, 2025 and 2024 (unaudited)Consolidated Statements of Cash Flows for the six months ended December 31, 2025 and 2024 (unaudited) MADISON SQUARE GARDEN SPORTS CORP.CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(in thousands, except per share data) Table of Contents MADISON SQUARE GARDEN SPORTS CORP.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note1.Description of Business and Basis of Presentation Description of Business Madison Square Garden Sports Corp. (together with its subsidiaries, collectively, “we,” “us,” “our,” “MSG Sports,” or the“Company”) owns and operates a portfolio of assets featuring some of the most recognized teams in all of sports, including the NewYork Knickerbockers (“Knicks”) of the National Basketball Association (“NBA”) and the New York Rangers (“Rangers”) of theNational Hockey League (“NHL”). Both the Knicks and the Rangers play their home games in Madison Square Garden Arena (“TheGarden”). The Company’s other professional sports franchises include two development league teams — the Hartford Wolf Pack of The Company operates and reports financial information in one segment. The Company’s decision to organize as one operatingsegment and report in one segment is based upon its internal organizational structure; the manner in which its operations are managed;and the criteria used by the Company’s Executive Chairman and Chief Executive Officer, its Chief Operating Decision Maker The Company was originally incorporated in Delaware on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG NetworksInc. (“MSG Networks”). All the outstanding common stock of the Company was distributed to MSG Networks stockholders (the On April 17, 2020, the Company distributed all of the outstanding common stock of Sphere Entertainment Co. (“SphereEntertainment”) to its stockholders (the “Sphere Distribution”). On July 9, 2021, MSG Networks merged with a subsidiary of Sphere Entertainment and became a wholly-owned subsidiary of SphereEntertainment. Accordingly, agreements between the Company and MSG Networks are now effectively agreements with Sphere On June 10, 2025, the Company completed its conversion from a corporation organized under the laws of the State of Delaware to acorporation organized under the laws of the State of Nevada. Unless the context otherwise requires, all references to Madison Square Garden Entertainment Corp. (“MSG Entertainment”), SphereEntertainment and MSG Networks refer to such entity, together with its direct and indirect subsidiaries. Basis of Presentation The accompanying unaudited consolidated interim financial statements (referred to as the “Financial Statements” herein) have beenprepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and Article 10 of Regulation S-X of theSecurities and Exchange Commission for interim financial information, and should be read in conjunction with the Company’s AnnualReport on Form 10-K for the fiscal year ended June