Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Madison Square Garden Sports Corp. / Equity Bottom-Up

Madison Square Garden Sports Corp. (MSGS US)

<ul><li>Madison Square Garden Sports Corp reported its fiscal second quarter 2026 results, showcasing a mixed performance across various operational and financial metrics.</li><li>The company revealed total revenues of approximately $403 million and an adjusted operating income (AOI) of about $30 million.</li><li>These figures indicate a positive trend in revenue generation, primarily driven by increased per-game revenues from ticket sales, suites, sponsorship, and merchandise compared to the prior year's second quarter.</li></ul>

Madison Square Garden Sports Corp reported its fiscal second quarter 2026 results, showcasing a mixed performance across various operational and financial metrics.The company revealed total revenues of approximately $403 million and an adjusted operating income (AOI) of about $30 million.These figures indicate a positive trend in revenue generation, primarily driven by increased per-game revenues from ticket sales, suites, sponsorship, and merchandise compared to the prior year's second quarter.

<ul><li>Madison Square Garden Sports Corp. recently reported its fiscal 2025 fourth-quarter and year-end financial results, revealing a mixed performance.</li><li>The company recorded total revenues exceeding $1 billion and an adjusted operating income (AOI) of $38.2 million.</li><li>Revenues were driven by strong consumer and corporate demand for its flagship sports teams, the New York Knicks and the New York Rangers.</li></ul>

Madison Square Garden Sports Corp. recently reported its fiscal 2025 fourth-quarter and year-end financial results, revealing a mixed performance.The company recorded total revenues exceeding $1 billion and an adjusted operating income (AOI) of $38.2 million.Revenues were driven by strong consumer and corporate demand for its flagship sports teams, the New York Knicks and the New York Rangers.

Madison Square Garden Sports: What’s the Real Impact of the MSG Networks Fee Cut Starting January 2025—and Who Wins?

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Richard Howe

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<ul><li>The S&amp;P 500 is sitting near 7,800, a record high.</li><li>At the same time, the 25-day average of new lows on the NYSE has spiked to levels we last saw in the April 2025 selloff.</li><li>The index is at an all-time high while a lot of individual stocks are trading like it’s a bear market.</li></ul>

The S&amp;P 500 is sitting near 7,800, a record high.At the same time, the 25-day average of new lows on the NYSE has spiked to levels we last saw in the April 2025 selloff.The index is at an all-time high while a lot of individual stocks are trading like it’s a bear market.

<ul><li>Analysts almost always start high and walk it down. Since 2001, consensus S&amp;P 500 calendar-year EPS estimates have drifted about 4.0% lower over the course of a year.</li><li>This cycle is doing the opposite. Consensus 2026 estimates are up 15.9% from where they started and 2027 is already up 13.5%, close to a 20 point swing versus the historical path.</li><li>That is a supportive backdrop for more separations, and I expect boards to take advantage</li></ul>

Analysts almost always start high and walk it down. Since 2001, consensus S&amp;P 500 calendar-year EPS estimates have drifted about 4.0% lower over the course of a year.This cycle is doing the opposite. Consensus 2026 estimates are up 15.9% from where they started and 2027 is already up 13.5%, close to a 20 point swing versus the historical path.That is a supportive backdrop for more separations, and I expect boards to take advantage

<ul><li>Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a nuanced perspective on the company's current standing.</li><li>The company achieved more than $1 billion in revenues and an adjusted operating income of $38.2 million.</li><li>Despite this significant revenue figure, the financial year concluded with notable challenges in the fourth quarter, leading to an adjusted operating loss of $16.8 million.</li></ul>

Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a nuanced perspective on the company's current standing.The company achieved more than $1 billion in revenues and an adjusted operating income of $38.2 million.Despite this significant revenue figure, the financial year concluded with notable challenges in the fourth quarter, leading to an adjusted operating loss of $16.8 million.

Madison Square Garden (MSG) Sports: Will NBA & NHL Media Deals Cement Its Financial Future?

United States

Madison Square Garden Sports Corp. is a professional sports company that owns and operates sports franchises.

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Madison Square Garden Sports Corp. (MSGS US)

Madison Square Garden: Can Partnerships

Madison Square Garden Sports Corp reported its fiscal second quarter 2026 results, showcasing a mixed performance across various operational and...

Baptista Research

Madison Square Garden Sports: What’s the Real Impact of the MSG Networks Fee Cut Starting January 2025—and Who Wins?

Madison Square Garden Sports Corp. recently reported its fiscal 2025 fourth-quarter and year-end financial results, revealing a mixed...

Baptista Research

Weekly Update (IDT, MSGS, MSGR)

The S&P 500 is sitting near 7,800, a record high. At the same time, the 25-day average of new lows on the NYSE has spiked to levels we last saw in...

Richard Howe

Weekly Update (MSGS, MEDXF, REZI)

Analysts almost always start high and walk it down. Since 2001, consensus S&P 500 calendar-year EPS estimates have drifted about 4.0% lower over...

Richard Howe

Madison Square Garden (MSG) Sports: Will NBA & NHL Media Deals Cement Its Financial Future?

Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a...

Baptista Research

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