EarningsQ4 2026 Earnings Report
DE:MS8 Q4 2026 EPS Results
Actual EPS€0.78
Consensus EPS€0.43
Beat/MissBeat by +€0.35
One Year Ago EPS-€0.05
DE:MS8 Q4 2026 Revenue Results
Actual Revenue€248.75M
Expected Revenue€203.17M
Beat/MissBeat by +€45.58M
YoY Revenue Growth+36.67%
Earnings Announcement Details
QuarterQ4 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
DE:MS8 Upcoming Earnings
MSG Knickerbockers's next earnings date is estimated for November 6, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
DE:MS8 Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum driven by the Knicks' championship and associated spikes in ticket, merchandise, sponsorship and event revenues, producing a large quarterly profitability swing and healthy full-year adjusted operating income. Management outlined concrete commercial wins (new partnerships, suite renewals, record gate revenues) and a planned spin-off intended to unlock strategic value. Offsetting these positives are meaningful near- and medium-term cost pressures — including higher roster compensation, luxury tax, increased revenue sharing, substantial projected incremental tax expense (~$60M in FY28) and spin-off-related costs and uncertainty — plus a net debt position that warrants attention. On balance, the upbeat revenue and profitability performance and clear commercial momentum appear to outweigh the identified challenges and costs.Company Guidance
Full Year Revenue and Adjusted Operating Income
Fiscal 2026 total revenues of $1.15 billion (company commentary also cited ~ $1.2 billion) and adjusted operating income of $58.7 million (nearly $59 million) for the full year.
Quarterly Revenue and AOI Recovery
Fiscal Q4 total revenues of $278.7 million and adjusted operating income of $39.6 million versus an adjusted operating loss of $16.8 million in the prior year quarter, representing a substantial swing in profitability (absolute AOI improvement of ~$56.4 million year over year in the quarter).
Strong Playoff and Event-Related Performance
Playoff and event related revenues in the fiscal fourth quarter were $200.7 million for event-related line items (tickets, F&B, merchandise) which rose 43% year over year; playoff-related revenues for the quarter were $182 million versus $115.2 million prior year (≈ +58% YoY). The Knicks set new NBA records for highest per-game gate revenues on multiple occasions during the playoffs.
Merchandise, F&B and Fan Engagement Surge
Knicks recorded their highest ever single day of merchandise sales within 24 hours of clinching the title; merchandise and food & beverage per capita spending at the arena grew year over year. The company added over 2.2 million net new social media followers in the year, bringing combined Knicks and Rangers following to nearly 22 million.
Sponsorship and Premium Sales Momentum
Sponsorship, signage and ticketing strength: sponsorship/signage revenues were $39.1 million in the quarter (up 23% YoY). Sponsorship revenues more than doubled year over year during the postseason. New multiyear deals signed (PwC, Polymarket) and renewals (Lexus, Anheuser Busch, Infosys). Strong suite sales and ongoing suite renovations to drive incremental revenue in FY27.
Season Ticket Demand and Pricing Discipline
Strong season ticket renewal momentum with expected combined renewal rates above 90%. Management raised Knicks season ticket prices but chose not to raise Rangers season ticket prices (Rangers did not qualify for playoffs).
Strategic Spin-off Plan Announced
Company confidentially filed a Form 10 in May for a proposed spin-off of the Rangers business from the Knicks business, expects to publicly file an updated Form 10 imminently and currently targets completion by end of October (subject to conditions). Management positions spin-off as a means to create two distinct publicly traded companies and enhance strategic and financial flexibility.
Balance Sheet and Liquidity
Quarter-end cash balance approximately $164.5 million and available debt facilities with reported debt of $258.5 million (comprised of $242.0 million under the senior secured revolver and $16.5 million advanced from the NHL).
DE:MS8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed