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CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenues [1] $ 424,197 $ 429,954 $ 835,263 $ 799,898
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
Related Party        
Revenues [4] 67,704 86,944 156,825 173,419
Direct operating expenses 47,476 49,907 88,528 88,206
Selling, general and administrative expenses $ 22,439 $ 18,707 $ 53,994 $ 47,462
[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.
[4] Primarily consist of local media rights recognized from the licensing of team-related programming under the media rights agreements covering the Knicks and the Rangers.