Filing Flows › MSG Knickerbockers (MSGK) › Q2 FY26
MSG Knickerbockers (MSGK) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
MSG Knickerbockers (MSGK) reported revenue of $403M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +923% from the quarter before. Operating margin was 5.5%, net earnings $8.2M (2.0% of revenue).
MSG Knickerbockers, Q2 FY26: revenue $403M (+13% year over year), operating margin 5.5%, net earnings $8.2M, operating cash flow $32.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $403M | +923% | +13% |
| Operating profit | $22.2M | — | +67% |
| Net earnings | $8.2M | — | +642% |
| Operating cash flow | $32.4M | — | -47% |
| Free cash flow | $31.6M | — | -48% |
What changed
Revenue was $403.4M in Q2 FY26, up 13% year over year and up 923% from the previous quarter. Event-related was the largest line at 41% of revenue. Event-related added $27.9M year over year (up 20%), 61% of the total change. Media rights declined 4%.
Operating profit was $22.2M, a 5.5% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 4% margin then. Total costs grew 11% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $8.2M, up 642% year over year. The effective tax rate was 44.9%.
Operating cash flow was $32.4M (down 47% year over year), 394% of net earnings. Non-cash charges added back $790K of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items added $17.2M. Capital expenditures of $857K left free cash flow of $31.6M.
Questions
What was MSG Knickerbockers' revenue in the second quarter fiscal 2026?
MSG Knickerbockers (MSGK) reported revenue of $403M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +923% from the quarter before.
Was MSG Knickerbockers profitable in the second quarter fiscal 2026?
Operating profit was $22.2M (5.5% of revenue) and net earnings $8.2M.
Source: MSG Knickerbockers 10-Q on SEC EDGAR.