Filing Flows › MSG Knickerbockers (MSGK) › Q3 FY25
MSG Knickerbockers (MSGK) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
MSG Knickerbockers (MSGK) reported revenue of $424M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +19% from the quarter before. Operating margin was 7.6%, net loss $14.2M (3.4% of revenue).
MSG Knickerbockers, Q3 FY25: revenue $424M (-1% year over year), operating margin 7.6%, net loss $14.2M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $424M | +19% | -1% |
| Operating profit | $32.3M | — | — |
| Net earnings | −$14.2M | — | — |
| Operating cash flow | $6.3M | -90% | +55% |
| Free cash flow | $3.9M | -94% | -0.9% |
What changed
Revenue was $424.2M in Q3 FY25, down 1% year over year and up 19% from the previous quarter. Event-related was the largest line at 42% of revenue. Media rights lost $16.0M year over year (down 11%), 279% of the total change.
Operating profit was $32.3M, a 7.6% margin (down 10.9 points year over year). Total costs grew 12% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $14.2M, after a profit of $1.1M the previous quarter. Net interest and other expense of $9.7M was the main reason.
Operating cash flow was $6.3M (up 55% year over year). Non-cash charges added back $823K of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $15.8M. Capital expenditures of $2.4M left free cash flow of $3.9M.
Questions
What was MSG Knickerbockers' revenue in the third quarter fiscal 2025?
MSG Knickerbockers (MSGK) reported revenue of $424M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +19% from the quarter before.
Was MSG Knickerbockers profitable in the third quarter fiscal 2025?
Operating profit was $32.3M (7.6% of revenue) and net loss $14.2M.
Source: MSG Knickerbockers 10-Q on SEC EDGAR.