MSG Sports spins off Rangers, becomes MSG Knickerbockers; net loss widens to $31.1M on investment swings

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Completed Rangers spin-off on Oct 26, 2026, distributing all MSG Rangers shares to stockholders; Rangers results will move to discontinued operations next quarter.

  MD&A: Rangers spin-off verify on EDGAR →
• high

  Net loss widened to $31.1M from $8.8M, driven by a $24.3M below-the-line swing (non-operating/other -$18.0M, income tax -$6.3M) despite a narrower operating loss.

  MD&A: Net loss verify on EDGAR →
• high

  Revenue rose 15.3% to $45.5M on higher league distributions and Knicks championship merchandise sales.

  MD&A: Revenues verify on EDGAR →