Filing Flows › Communication Services › MSG Knickerbockers (MSGK)
MSG Knickerbockers (MSGK) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · MSG Knickerbockers (MSGK) Q1 FY27 earnings results →
Q1 FY27 Revenue up 15% year over year to $45.5M · 68¢ of every $1 of revenue lost · operating margin -56.0%
MSG Knickerbockers made $45.5M in Q1 FY27 (+15% Y/Y): League distributions and other $28.1M, Event-related $6.8M, Media rights $5.4M. Operating margin -56.0%, net loss $31.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $45.5M in Q1 FY27, up 15% year over year and down 84% from the previous quarter. League distributions and other was the largest line at 62% of revenue. League distributions and other added $4.5M year over year (up 19%), 74% of the total change.
Operating costs exceeded revenue by $25.5M, an operating margin of -56.0%. Total costs grew 6% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $31.1M, after a profit of $28.3M the previous quarter.
Operating cash flow was −$146.3M. Non-cash charges added back $781K of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $119.9M. Capital expenditures of $666K exceeded it, leaving free cash flow of −$146.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Nov 6, 2026 | $45.5M | +15% | -56.0% | −$31.1M | −$146M |
| Q4 FY26 | 10-K | Aug 13, 2026 | $279M | +37% | 11.5% | $28.3M | $57.7M |
| Q3 FY26 | 10-Q | May 8, 2026 | $432M | +2% | 0.5% | −$20.0M | $57.5M |
| Q2 FY26 | 10-Q | Feb 6, 2026 | $403M | +13% | 5.5% | $8.2M | $32.4M |
| Q1 FY26 | 10-Q | Oct 31, 2025 | $39.5M | -26% | -69.5% | −$8.8M | −$85.0M |
| Q4 FY25 | 10-K | Aug 12, 2025 | $204M | -10% | -11.1% | −$1.8M | $49.7M |
| Q3 FY25 | 10-Q | May 2, 2025 | $424M | -1% | 7.6% | −$14.2M | $6.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About MSG Knickerbockers
Madison Square Garden Sports Corp. is a Nevada corporation with our principal executive offices at Two Pennsylvania Plaza, New York, NY 10121. Unless the context otherwise requires, all references to “we,” “us,” “our,” “MSG Sports” or the “Company” refer collectively to Madison Square Garden Sports Corp., a holding company, and its direct and indirect subsidiaries. We conduct substantially all of our business activities discussed in this Annual Report on Form 10-K through MSG Sports, LLC and its direct and indirect subsidiaries. The Company was originally incorporated in Delaware on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc. (“MSG Networks”). All of the outstanding common stock of the Company was distributed to MSG Networks stockholders (the “MSGS Distribution”) on September 30, 2015.
In its own words, from its 10-K, filed Aug 13, 2026.
MSG Knickerbockers against its Services-Miscellaneous Amusement & Recreation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +15%. Operating margin: -56.0% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSGK MSG Knickerbockers | Q1 FY27 | $45.5M | +15% | -56.0% |
| DIS Walt Disney | Q3 FY26 | $25.2B | +7% | 22.0% |
| DKNG DraftKings | Q3 2026 | $1.3B | +16% | -37.1% |
| STUB StubHub Holdings | Q2 2026 | $573M | +33% | 3.4% |
| PRKS United Parks & Resorts | Q3 2026 | $506M | -1% | 27.8% |
| RSI Rush Street Interactive | Q3 2026 | $386M | +39% | 11.1% |
| MTN Vail Resorts | Q4 FY26 | $278M | +2% | -75.1% |
| PRSU Pursuit Attractions & Hospitality | Q3 2026 | $252M | +4% | 45.0% |
| MSGE Madison Square Garden Entertainment | Q1 FY27 | $217M | +37% | 4.5% |
Source: MSG Knickerbockers 10-Q on SEC EDGAR · CIK 1636519 · Services-Miscellaneous Amusement & Recreation
Guidance and outlook
More on MSGK
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results