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MSG Knickerbockers vs Seaport Entertainment Group: MSGK and SEG compared
MSG Knickerbockers is the larger company: $45.5M of revenue in its latest quarter (Q1 FY27) against $32.7M for Seaport Entertainment Group (Q3 2026). MSG Knickerbockers is growing faster (+15% against -27% a year earlier). Seaport Entertainment Group is more profitable, with an operating margin of -28.2% against -56.0%.
Where the money goes: MSGK and SEG
MSG Knickerbockers (MSGK) · Q1 FY27
MSG Knickerbockers, Q1 FY27: revenue $45.5M (+15% year over year), operating margin -56.0%, net loss $31.1M, operating cash flow −$146M. The chart follows the revenue to costs, profit and cash.
Seaport Entertainment Group (SEG) · Q3 2026
Seaport Entertainment Group, Q3 2026: revenue $32.7M (-27% year over year), operating margin -28.2%, net loss $8.0M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| MSG Knickerbockers (MSGK) | Seaport Entertainment Group (SEG) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $45.5M | $32.7M |
| Revenue growth, Y/Y | +15% | -27% |
| Operating margin | -56.0% | -28.2% |
| Net earnings | −$31.1M | −$8.0M |
| Net margin | -68.4% | -24.5% |
| Operating cash flow | −$146M | −$9.2M |
| Market value | — | $267M |
| Analysts’ mean target | — | $36.00 |
Where the revenue comes from
MSG Knickerbockers
- League distributions and other: $28.1M (62%)
- Event-related: $6.8M (15%)
- Media rights: $5.4M (12%)
- Sponsorship, signage and suite licenses: $5.1M (11%)
Seaport Entertainment Group
- Entertainment: $19.7M (60%)
- Hospitality: $7.9M (24%)
- Rental revenue: $4.3M (13%)
- Other revenue: $847K (3%)
Questions
Which is bigger, MSG Knickerbockers or Seaport Entertainment Group?
MSG Knickerbockers is the larger company: $45.5M of revenue in its latest quarter (Q1 FY27) against $32.7M for Seaport Entertainment Group (Q3 2026).
Is MSG Knickerbockers or Seaport Entertainment Group growing faster?
MSG Knickerbockers is growing faster (+15% against -27% a year earlier).
Which is more profitable, MSG Knickerbockers or Seaport Entertainment Group?
Seaport Entertainment Group is more profitable, with an operating margin of -28.2% against -56.0%.
More: MSG Knickerbockers earnings · how MSG Knickerbockers makes money · Seaport Entertainment Group earnings · how Seaport Entertainment Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.