Filing Flows › MSG Rangers (MSGR) › Q1 FY27
MSG Rangers (MSGR) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
MSG Rangers (MSGR) reported revenue of $14.1M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier. Operating margin was -167.4%, net loss $16.9M (119.9% of revenue).
MSG Rangers, Q1 FY27: revenue $14.1M (+3% year over year), operating margin -167.4%, net loss $16.9M, operating cash flow −$71.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.1M | — | +3% |
| Operating profit | −$23.6M | — | — |
| Net earnings | −$16.9M | — | — |
| Operating cash flow | −$71.2M | — | — |
What changed
Revenue was $14.1M in Q1 FY27, up 3% year over year. Event-related was the largest line at 37% of revenue. Sponsorship, signage and suite licenses added $430K year over year (up 12%), 99% of the total change. Event-related declined 11%.
Operating costs exceeded revenue by $23.6M, an operating margin of -167.4%. Total costs grew 42% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+128%). The quarter ended with a net loss of $16.9M.
Operating cash flow was −$71.2M. Non-cash charges added back $576K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $56.4M. Capital expenditures of $194K exceeded it, leaving free cash flow of −$71.4M.
Questions
What was MSG Rangers' revenue in the first quarter fiscal 2027?
MSG Rangers (MSGR) reported revenue of $14.1M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier.
Was MSG Rangers profitable in the first quarter fiscal 2027?
Operating loss was $23.6M (-167.4% of revenue) and net loss $16.9M.
Source: MSG Rangers 10-Q on SEC EDGAR.