Madison Square Garden Sports (MSGS) Cost of Revenue (2014 - 2026)

Madison Square Garden Sports' Cost of Revenue history runs 13 years deep, the most recent figure standing at $354.5 million for Q1 2026.

• Quarterly Cost of Revenue rose 12.07% year-over-year to $354.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $829.0 million (up 17.08% YoY) and the FY2025 annual result came in at $755.1 million, up 22.48% from the prior year.
• Cost of Revenue was $354.5 million for Q1 2026 at Madison Square Garden Sports, up from $311.4 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $354.5 million in Q1 2026 and bottomed at $3.5 million in Q3 2023.
• A 5-year average of $170.2 million and a median of $206.3 million in 2022 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue plunged 57.09% — and 2024, when it soared 133.27%.
• Madison Square Garden Sports' Cost of Revenue stood at $225.7 million in 2022, then advanced by 2.89% to $232.2 million in 2023, then advanced by 18.74% to $275.8 million in 2024, then increased by 12.92% to $311.4 million in 2025, then climbed by 13.85% to $354.5 million in 2026.
• Business Quant data shows MSGS's Cost of Revenue at $354.5 million in Q1 2026, $311.4 million in Q4 2025, and $8.3 million in Q3 2025.