Madison Square Garden Sports, the parent company of the Knicks and Rangers, is facing an uncertain media rights future, as broadcast partner MSG Networks has been scrambling to avoid bankruptcy.

KBC Group NV increased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 94.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

Madison Square Garden Sports was squeezed by a jump in operating expenses in the latest quarter despite the professional sports company benefiting from a rise in ticket and merchandise sales and the New York Knicks' and New York Rangers' early-season roster.

Madison Square Garden Sports Corp. (MSGS) reported its financial results for the second quarter of fiscal year 2025, showing a mixed performance. The company exceeded revenue expectations with $ ...

The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. The sports team and entertainment company posted revenue of $357.8 million in the period,

Madison Square Garden (MSGS) reported $357.76 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 9.4%. EPS of $0.05 for the same period compares to $0.59 a year ago.