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of Contents](#i2a6c6db5263046968335bdfd32084699_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n____________________\n\nFORM 10-Q\n\n________________________\n\n(Mark One)\n\n ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nOR\n\n ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from             to\n\nCommission File Number: 1-36900\n\nMADISON SQUARE GARDEN SPORTS CORP.\n\n(Exact name of registrant as specified in its charter) \n\nNevada 47-3373056\n\n(State or other jurisdiction of\nincorporation or organization) (I.R.S. Employer\nIdentification No.)\n\nTwo Penn Plaza,New York,NY10121\n\n(Address of principal executive offices) (Zip Code)\n\nRegistrant’s telephone number, including area code: (212) 465-4111\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass A Common StockMSGSNew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☑ Yes ☐ No\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☑ Yes ☐ No\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☑Accelerated filer☐\n\nNon-accelerated filer☐Smaller reporting company☐\n\nEmerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☑ No\n\nNumber of shares of common stock outstanding as of May 1, 2026:\n\nClass A Common Stock par value $0.01 per share —19,546,590 \n\nClass B Common Stock par value $0.01 per share —4,529,517 \n\n[Table of Contents](#i2a6c6db5263046968335bdfd32084699_7)\n\nMADISON SQUARE GARDEN SPORTS CORP.\n\nINDEX TO FORM 10-Q\n\n \n\n Page\n\n[PART I. FINANCIAL INFORMATION](#i2a6c6db5263046968335bdfd32084699_10)\n\n[Item 1. Financial Statements](#i2a6c6db5263046968335bdfd32084699_13)\n\n[Consolidated Balance Sheets as of](#i2a6c6db5263046968335bdfd32084699_16)[March](#i2a6c6db5263046968335bdfd32084699_16)[31, 202](#i2a6c6db5263046968335bdfd32084699_16)[6](#i2a6c6db5263046968335bdfd32084699_16)[(unaudited) and June 30, 2025](#i2a6c6db5263046968335bdfd32084699_16)\n\n[1](#i2a6c6db5263046968335bdfd32084699_16)\n\n[Consolidated Statements of Operations for the](#i2a6c6db5263046968335bdfd32084699_19)[three and nine](#i2a6c6db5263046968335bdfd32084699_19)[months ended](#i2a6c6db5263046968335bdfd32084699_19)[March 31, 2026](#i2a6c6db5263046968335bdfd32084699_19)[and 202](#i2a6c6db5263046968335bdfd32084699_19)[5](#i2a6c6db5263046968335bdfd32084699_19)[(unaudited)](#i2a6c6db5263046968335bdfd32084699_19)\n\n[3](#i2a6c6db5263046968335bdfd32084699_19)\n\n[Consolidated Statements of Comprehensive](#i2a6c6db5263046968335bdfd32084699_22)[Loss](#i2a6c6db5263046968335bdfd32084699_22)[for the](#i2a6c6db5263046968335bdfd32084699_22)[three and nine](#i2a6c6db5263046968335bdfd32084699_22)[months ended](#i2a6c6db5263046968335bdfd32084699_22)[March 31, 2026](#i2a6c6db5263046968335bdfd32084699_22)[and 202](#i2a6c6db5263046968335bdfd32084699_22)[5](#i2a6c6db5263046968335bdfd32084699_22)[(unaudited)](#i2a6c6db5263046968335bdfd32084699_22)\n\n[4](#i2a6c6db5263046968335bdfd32084699_22)\n\n[Consolidated Statements of Cash Flows for the](#i2a6c6db5263046968335bdfd32084699_28)[nine months](#i2a6c6db5263046968335bdfd32084699_28)[ended](#i2a6c6db5263046968335bdfd32084699_28)[March 31, 2026 and 2025](#i2a6c6db5263046968335bdfd32084699_28)[(unaudited)](#i2a6c6db5263046968335bdfd32084699_28)\n\n[5](#i2a6c6db5263046968335bdfd32084699_28)\n\n[Consolidated Statements of Equity for the](#i2a6c6db5263046968335bdfd32084699_31)[three and nine](#i2a6c6db5263046968335bdfd32084699_31)[months ended](#i2a6c6db5263046968335bdfd32084699_31)[March 31, 2026 and 2025](#i2a6c6db5263046968335bdfd32084699_31)[(unaudited)](#i2a6c6db5263046968335bdfd32084699_31)\n\n[6](#i2a6c6db5263046968335bdfd32084699_31)\n\n[Notes to Consolidated Financial Statements (unaudited)](#i2a6c6db5263046968335bdfd32084699_34)\n\n[7](#i2a6c6db5263046968335bdfd32084699_34)\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#i2a6c6db5263046968335bdfd32084699_106)\n\n[25](#i2a6c6db5263046968335bdfd32084699_106)\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#i2a6c6db5263046968335bdfd32084699_130)\n\n[35](#i2a6c6db5263046968335bdfd32084699_130)\n\n[Item 4. Controls and Procedures](#i2a6c6db5263046968335bdfd32084699_133)\n\n[36](#i2a6c6db5263046968335bdfd32084699_133)\n\n[PART II. OTHER INFORMATION](#i2a6c6db5263046968335bdfd32084699_136)\n\n[Item 1. Legal Proceedings](#i2a6c6db5263046968335bdfd32084699_139)\n\n[37](#i2a6c6db5263046968335bdfd32084699_139)\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#i2a6c6db5263046968335bdfd32084699_145)\n\n[37](#i2a6c6db5263046968335bdfd32084699_145)\n\n[Item 5. Other Information](#i2a6c6db5263046968335bdfd32084699_148)\n\n[37](#i2a6c6db5263046968335bdfd32084699_148)\n\n[Item 6. Exhibits](#i2a6c6db5263046968335bdfd32084699_151)\n\n[38](#i2a6c6db5263046968335bdfd32084699_151)\n\n[Table of Contents](#i2a6c6db5263046968335bdfd32084699_7)\n\nPART I – FINANCIAL INFORMATION"}