$MSGS: The Knicks Title Quarter Is in; The Rangers Deal Is Next

Fourth-quarter sales were $278.7 million, up 37 percent. Playoff money did the lift. The Rangers split is aimed at the end of October.

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Q4 sales $278.7 million, up 37 percent; diluted EPS $1.16 vs a 7-cent loss a year ago
Playoff revenue +$66.9 million after the Knicks won the 2025-26 NBA title
Full-year sales $1.15 billion, up 11 percent; adjusted operating income $58.7 million
Rangers spin-off still aimed at the end of October

How the tape may move from the last update’s mark — not from the open, and not the session % already printed.

The tape has the championship quarter. The next move is the Rangers split, not another playoff multiple on a year that already happened.

Expected Move From Here -2.5% to +3.0% From last update, not from the open

Certainty 68%

Why

Q4 sales, the $66.9 million playoff lift, and the October spin target are official. Whether the board completes the split on that calendar is not.