Filing Flows › MSG Knickerbockers (MSGK) › Q3 FY26
MSG Knickerbockers (MSGK) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 8, 2026
MSG Knickerbockers (MSGK) reported revenue of $432M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +7% from the quarter before. Operating margin was 0.5%, net loss $20.0M (4.6% of revenue).
MSG Knickerbockers, Q3 FY26: revenue $432M (+2% year over year), operating margin 0.5%, net loss $20.0M, operating cash flow $57.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $432M | +7% | +2% |
| Operating profit | $2.0M | -91% | -94% |
| Net earnings | −$20.0M | -342% | — |
| Operating cash flow | $57.5M | +77% | +818% |
| Free cash flow | $57.4M | +82% | 15× |
What changed
Revenue was $432.2M in Q3 FY26, up 2% year over year and up 7% from the previous quarter. Event-related was the largest line at 38% of revenue. Media rights added $17.1M year over year (up 14%), 213% of the total change. Event-related declined 8%.
Operating profit was $2.0M, a 0.5% margin (down 7.2 points year over year). Operating profit fell $30.4M even though revenue rose $8.0M versus Q3 FY25, so costs grew faster than sales. Total costs grew 10% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $20.0M, after a profit of $8.2M the previous quarter. Net interest and other expense of $15.3M was the main reason.
Operating cash flow was $57.5M (up 818% year over year). Non-cash charges added back $790K of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $70.1M. Capital expenditures of $143K left free cash flow of $57.4M.
Questions
What was MSG Knickerbockers' revenue in the third quarter fiscal 2026?
MSG Knickerbockers (MSGK) reported revenue of $432M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +7% from the quarter before.
Was MSG Knickerbockers profitable in the third quarter fiscal 2026?
Operating profit was $2.0M (0.5% of revenue) and net loss $20.0M.
Source: MSG Knickerbockers 10-Q on SEC EDGAR.