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

Madison Square Garden Sports (MSGS) has reported Cost of Revenue for 13 consecutive years, with $159.5 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 3.04% year-over-year to $159.5 million; the trailing twelve-month figure through Jun 2026 stood at $833.7 million (up 10.41% YoY), and the FY2026 full-year result was $833.7 million, up 10.41% from the prior year.
• Cost of Revenue eased to $159.5 million in Q2 2026 per MSGS's latest filing, from $354.5 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.
• Historically, Cost of Revenue has averaged $169.6 million across 5 years, with a median of $182.9 million in 2022.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue slumped 57.09% in 2022, then jumped 133.27% in 2024.
• Over 5 years, 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 slumped by 48.77% to $159.5 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $159.5 million, $354.5 million, and $311.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.