Filing Flows › MSG Knickerbockers (MSGK) › Q4 FY25
MSG Knickerbockers (MSGK) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 12, 2025
MSG Knickerbockers (MSGK) reported revenue of $204M for the fourth quarter fiscal 2025 (Q4 FY25), -10% from a year earlier and -52% from the quarter before. Operating margin was -11.1%, net loss $1.8M (0.9% of revenue).
MSG Knickerbockers, Q4 FY25: revenue $204M (-10% year over year), operating margin -11.1%, net loss $1.8M, operating cash flow $49.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $204M | -52% | -10% |
| Operating profit | −$22.6M | -170% | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | $49.7M | +694% | -54% |
| Free cash flow | $49.4M | 13× | -54% |
What changed
Revenue was $204.0M in Q4 FY25, down 10% year over year and down 52% from the previous quarter.
Operating costs exceeded revenue by $22.6M, an operating margin of -11.1%. Total costs grew 29% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+43%). The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $14.2M loss. Net interest and other expense of $4.5M was the main reason.
Operating cash flow was $49.7M (down 54% year over year). Non-cash charges added back $822K of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $46.9M. Capital expenditures of $373K left free cash flow of $49.4M.
Questions
What was MSG Knickerbockers' revenue in the fourth quarter fiscal 2025?
MSG Knickerbockers (MSGK) reported revenue of $204M for the fourth quarter fiscal 2025 (Q4 FY25), -10% from a year earlier and -52% from the quarter before.
Was MSG Knickerbockers profitable in the fourth quarter fiscal 2025?
Operating loss was $22.6M (-11.1% of revenue) and net loss $1.8M.
Source: MSG Knickerbockers 10-K on SEC EDGAR.