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v3.26.1

Credit Facilities and Convertible Notes - Schedule of Interest, Carrying Value, and Fair Value (Details) - USD ($) $ in Thousands | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Dec. 31, 2025 | Dec. 08, 2023
Line of Credit Facility [Line Items] |  |  |  |
Unamortized deferred financing costs | $ 4,138 |  | $ 2,838 |
MSG Networks, LV Sphere, Delayed Draw, 3.5% Senior Notes |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest Payments | 19,982 | $ 53,289 |  |
Loan Principal Repayments | 43,305 | 105 |  |
Total debt | 784,543 |  | 833,286 |
Total long-term debt, fair value | 1,649,333 |  | 1,129,783 |
MSG Networks term loan facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Carrying Value | 254,253 |  | 303,704 |
Fair Value | 110,428 |  | 147,811 |
MSG Networks term loan facility | MSG Networks |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest Payments | 6,200 | 36,187 |  |
Loan Principal Repayments | $ 43,305 | 105 |  |
2026 LV Sphere Term Loan Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest rate | 6.39% |  |  |
Carrying Value | $ 275,000 |  | 0 |
Fair Value | 270,875 |  | $ 0 |
2026 LV Sphere Term Loan Facility | LV Sphere |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest Payments | 9,254 | 0 |  |
Loan Principal Repayments | 0 | 0 |  |
2022 LV Sphere Term Loan Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest rate |  |  | 8.19% |
Carrying Value | 0 |  | $ 275,000 |
Fair Value | 0 |  | 270,875 |
2022 LV Sphere Term Loan Facility | LV Sphere |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest Payments | 0 | 12,574 |  |
Loan Principal Repayments | 0 | 0 |  |
3.50% Convertible Senior Notes |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest Payments | 4,528 | 4,528 |  |
Loan Principal Repayments | 0 | $ 0 |  |
Carrying Value | 255,290 |  | 254,582 |
Fair Value | $ 1,268,030 |  | $ 711,097 |
3.50% Convertible Senior Notes | Convertible Debt |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Interest rate | 3.50% | 3.50% |  | 3.50%

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