Earnings ·
MSG Rangers reports Q1 revenue of $14.1M and operating loss of $23.6M following spin-off
MSGRMSG Rangers Corp.
MSG Rangers Corp. announced financial results for its first quarter ended September 30, 2026, marking the first period reported as a standalone entity after spinning off from MSG Knickerbockers Corp. on October 26, 2026. The company generated revenues of $14.1 million, a 3% increase year-over-year, driven by higher league distributions. However, operating loss widened to $23.6 million from $12.8 million in the prior year period, primarily due to increased selling, general and administrative expenses related to the spin-off transaction and higher team personnel costs. Adjusted operating loss also expanded to $21.3 million. MSG Rangers Corp. is a professional sports company that owns the New York Rangers (NHL) and operates the Hartford Wolf Pack (AHL).