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v3.26.1

Related Party Transactions - Schedule of Transactions by Type (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025
Related Party Transaction [Line Items] |  |  |  |  |
Revenues | [1] | $ 313,639 | $ 282,677 | $ 700,051 | $ 563,251
Operating expenses: |  |  |  |  |
Operating loss |  | 61,262 | 50,159 | 54,060 | 128,768
Direct operating expenses | [1] | 151,063 | 131,318 | 320,710 | 289,641
Selling, general and administrative expenses | [1] | 139,207 | 113,023 | 260,910 | 227,292
Related Party |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |
Revenues |  | 296 | 1,202 | 1,638 | 2,486
Operating expenses: |  |  |  |  |
Operating loss |  | 57,537 | 44,800 | 113,474 | 111,718
Direct operating expenses |  | 35,197 | 25,411 | 70,644 | 71,698
Selling, general and administrative expenses |  | 22,340 | 19,389 | 42,831 | 40,020
Media fees | Related Party |  |  |  |  |
Operating expenses: |  |  |  |  |
Other operating expenses, net |  | 33,915 | 24,181 | 68,186 | 69,124
Corporate general and administrative expenses, net - MSG Entertainment Services Agreement | MSG Entertainment |  |  |  |  |
Operating expenses: |  |  |  |  |
Other operating expenses, net |  | 16,504 | 17,188 | 32,967 | 34,522
Origination, master control and technical services | Related Party |  |  |  |  |
Operating expenses: |  |  |  |  |
Other operating expenses, net |  | 1,184 | 1,161 | 2,368 | 2,322
Other operating expenses, net | Related Party |  |  |  |  |
Operating expenses: |  |  |  |  |
Other operating expenses, net |  | $ 5,934 | $ 2,270 | $ 9,953 | $ 5,750
[1] | See Note 14. Related Party Transactions, for further information on related party revenues and expenses.

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