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Madison Square Garden Sports (MSGS) Cost of Revenue (2016 - 2025)

Madison Square Garden Sports (MSGS) has disclosed Cost of Revenue for 12 consecutive years, with $311.4 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 12.92% year-over-year to $311.4 million, compared with a TTM value of $911.7 million through Dec 2025, up 37.15%, and an annual FY2024 reading of $616.5 million, up 12.34% over the prior year.
  • Cost of Revenue was $311.4 million for Q4 2025 at Madison Square Garden Sports, down from $316.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $316.3 million in Q1 2025 and bottomed at $3.5 million in Q3 2023.
  • Average Cost of Revenue over 5 years is $155.7 million, with a median of $159.7 million recorded in 2021.
  • Peak annual rise in Cost of Revenue hit 1057.48% in 2021, while the deepest fall reached 78.44% in 2021.
  • Year by year, Cost of Revenue stood at $192.8 million in 2021, then rose by 17.04% to $225.7 million in 2022, then increased by 2.89% to $232.2 million in 2023, then increased by 18.74% to $275.8 million in 2024, then increased by 12.92% to $311.4 million in 2025.
  • Business Quant data shows Cost of Revenue for MSGS at $311.4 million in Q4 2025, $316.3 million in Q1 2025, and $275.8 million in Q4 2024.