v3.26.3
Revenue Recognition (Tables)
3 Months Ended
Sep. 30, 2026
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates the Company’s revenues by type of goods or services in accordance with the disclosure requirements set forth in Accounting Standards Codification (“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 the three months ended September 30, 2026 and 2025:
Three Months Ended September 30,
20262025
Event-related (a)
$6,800 $6,007 
Media rights (b)
5,413 5,100 
Sponsorship, signage and suite licenses5,126 4,655 
League distributions and other28,150 23,692 
Total revenues from contracts with customers$45,489 $39,454 
_________________
(a)Consists of (i) ticket sales and other ticket-related revenues and (ii) food, beverage and merchandise sales at The Garden.
(b)Consists of (i) local media rights fees from MSG Networks and (ii) revenue from distributions through league-wide national and international media contracts.
Schedule of Contract Balances The following table provides information about contract balances from the Company’s contracts with customers as of September 30, 2026 and June 30, 2026:
September 30,June 30,
20262026
Receivables from contracts with customers, net (a)
$63,853 $50,557 
Contract assets, current (b)
7,792 15,679 
Deferred revenue, including non-current portion (c), (d)
366,941 165,970 
_________________
(a)Receivables from contracts with customers, net, which are reported in Accounts receivable, net, Other assets and Net related party receivables in the accompanying consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of September 30, 2026 and June 30, 2026, the Company’s receivables reported above included $1,337 and $1,409, respectively, related to contracts with customers that are related parties. See Note 16 for further details on these related party arrangements. Receivables from contracts with customers, net, exclude amounts recorded in Accounts receivable, net, associated with amounts due from the NBA and NHL related to escrow.
(b)Contract assets, current, which are reported as Other current assets in the accompanying consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to the customer, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional.
(c)Deferred revenue, including non-current portion primarily relates to the Company’s receipt of consideration from customers, inclusive of sales tax collected, or billing customers in advance of the Company’s transfer of goods or services to those customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to the customer. The Company had deferred revenue related to local media rights of $16,430 and $0 as of September 30, 2026 and June 30, 2026, respectively. See Note 16 for further details on these related party arrangements.
(d)Revenue recognized for the three months ended September 30, 2026 relating to the deferred revenue balance as of July 1, 2026 was $5,795.
Schedule of Estimated Revenue Expected to be Recognized in the Future Related to Performance Obligations
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 September 30, 2026. 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. Additionally, the Company has elected to exclude variable consideration from its disclosure related to the remaining performance obligations under its local telecast rights arrangements with MSG Networks, league-wide national and international media contracts, and certain other arrangements with variable consideration.
Fiscal year ending June 30, 2027 (remainder)$204,398 
Fiscal year ending June 30, 2028152,768 
Fiscal year ending June 30, 2029113,842 
Fiscal year ending June 30, 203066,708 
Fiscal year ending June 30, 203139,663 
Thereafter39,954 
$617,333