v3.26.1
Revenue Recognition
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company’s revenues by category are outlined in Note 2. Summary of Significant Accounting Policies.
Disaggregation of Revenue
The following table disaggregates the Company’s consolidated revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for Fiscal Years 2026, 2025 and 2024. The footnotes to the table provide additional disclosure with respect to the timing of transfer of goods or services to the customer for each category.
Years Ended June 30,
202620252024
Ticketing and venue license fee revenues (a)
$528,350 $453,242 $463,272 
Sponsorship and signage, suite license, and advertising commission revenues (b)
275,492 252,665 254,079 
Other(c)
6,286 6,387 6,546 
Total revenues from entertainment offerings810,128 712,294 723,897 
Food, beverage, and merchandise revenues (d)
164,410 150,506 162,092 
Total revenues from contracts with customers
974,538 862,800 885,989 
Arena license fees and other leasing revenue86,246 79,934 73,276 
Total revenues$1,060,784 $942,734 $959,265 
________________
(a)    Amounts include ticket sales, including single night suite rentals and other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts, (ii) the presentation of the Christmas Spectacular and (iii) other live entertainment and sporting events. Ticketing and venue license fee revenues are generally recognized at a point in time.
(b)    Sponsorship and signage, suite license, and advertising commission revenues are generally recognized over time. For Fiscal Years 2026, 2025 and 2024, the Company recorded revenue-sharing expense of $160,616, $147,008 and $137,053, respectively, for MSG Sports’ share of the Company’s revenues from (i) suite licenses, (ii) certain signage and sponsorships, and (iii) food and beverage based upon the provision of the underlying contractual arrangements, and on the basis of direct usage when specifically identified or allocated proportionally.
(c)    Other primarily consists of venue tours which are generally recognized at a point in time.
(d)    Food, beverage, and merchandise revenues are generally recognized at a point in time.
Contract Balances
The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2026, 2025 and 2024. The Company recorded provisions for credit losses on receivables or contract assets arising from contracts with customers of $860, $889 and $579 for Fiscal Years 2026, 2025 and 2024, respectively.
As of June 30,
202620252024
Receivables from contracts with customers, net (a)
$89,888 $69,513 $74,113 
Contract assets, current$8,398 $7,648 $7,844 
Deferred revenue, including non-current portion (b)
$290,572 $236,043 $215,581 
________________
(a)    Receivables from contracts with customers, net, which are recorded in Accounts receivable, net and Related party receivables, current in the consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of June 30, 2026, 2025 and 2024, the Company’s receivables from contracts with customers above included $4,526, $3,649 and $2,432, respectively, related to various related parties. See Note 15. Related Party Transactions for further details on these related party arrangements.
(b)    Deferred revenue primarily relates to the Company’s receipt of consideration from customers in advance of the Company’s transfer of goods or services to the customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. Revenue recognized for Fiscal Year 2026 relating to the deferred revenue balance as of June 30, 2025 was $207,906.
Transaction Price Allocated to the Remaining Performance Obligations
The Company’s remaining performance obligations under contracts primarily relate to performance obligations under sponsorship and suite license agreements that have original expected durations longer than one year and for which the consideration is not variable. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2026:
As of June 30, 2026
Fiscal year ending June 30, 2027$218,792 
Fiscal year ending June 30, 2028173,322 
Fiscal year ending June 30, 2029129,325 
Fiscal year ending June 30, 203089,667 
Fiscal year ending June 30, 203158,416 
Thereafter62,231 
Total$731,753