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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Revenues [1] $ 424,197 $ 429,954 $ 835,263 $ 799,898
Operating expenses:        
Direct operating expenses [2] 316,335 273,026 600,299 508,771
Selling, general and administrative expenses [3] 74,697 76,398 195,184 195,020
Depreciation and amortization 823 788 2,396 2,372
Operating income 32,342 79,742 37,384 93,735
Other income (expense):        
Interest income 1,051 477 2,605 1,549
Interest expense (5,020) (6,921) (16,662) (21,269)
Miscellaneous expense, net (5,743) (1,403) (13,478) (11,077)
Nonoperating income (loss) (9,712) (7,847) (27,535) (30,797)
Income before income taxes 22,630 71,895 9,849 62,938
Income tax expense (36,857) (34,018) (30,507) (29,658)
Net (loss) income $ (14,227) $ 37,877 $ (20,658) $ 33,280
Basic (loss) earnings per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share) $ (0.59) $ 1.58 $ (0.86) $ 1.39
Diluted (loss) earnings per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share) $ (0.59) $ 1.57 $ (0.86) $ 1.38
Weighted-average number of common shares outstanding:        
Basic (in shares) 24,103 24,028 24,084 24,005
Diluted (in shares) 24,103 24,100 24,084 24,076
[1] Includes revenues from related parties of $67,704 and $86,944 for the three months ended March 31, 2025 and 2024, respectively, and $156,825 and $173,419 for the nine months ended March 31, 2025 and 2024, respectively.
[2] Includes net charges from related parties of $47,476 and $49,907 for the three months ended March 31, 2025 and 2024, respectively, and $88,528 and $88,206 for the nine months ended March 31, 2025 and 2024, respectively.
[3] Includes net charges from related parties of $22,439 and $18,707 for the three months ended March 31, 2025 and 2024, respectively, and $53,994 and $47,462 for the nine months ended March 31, 2025 and 2024, respectively.