Reported revenue of $432.2 million for the three months ended March 31, 2026, compared to $424.2 million in the prior year period. Net loss for the quarter was $19.98 million, compared to a net loss of $14.23 million in the same period last year. Operating income for the quarter was $1.96 million, down from $32.34 million in the prior year period. Adjusted operating income for the quarter was $10.31 million, a 72% decrease from $36.93 million in the prior year period. The company is exploring a potential spin-off of its New York Rangers business (SpinCo) from its New York Knicks business.