Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Corp.

MSGE
Madison Square Garden Entertainment Corp.US flagNew York Stock Exchange
72.08
USD
-0.27
- -
3.41BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.43
1.6
12.78
16.43
19.87
19.63
21.45
Basic EPS, GAAP
3.36
-4.28
-2.61
1.48
2.99
0.78
1.03
Free Cash Flow per Basic Share
0.62
-2.9
1.86
2.62
2.3
2.4
7.18
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
-0.54
2.41
3.2
4.84
Tangible Book Value per Share
- -
7.01
-2.66
-3.9
-3.23
-3.04
-1.79
Basic Weighted Avg Shares
51
51
51
52
48
48
47
Sales/Revenue/Turnover
585
82
653
851
959
943
1,019
Operating Margin (%)
-2.64
-272.08
-0.07
13.53
13.51
14.25
14.89
Depreciation Expense
88
72
70
60
54
58
57
Net Income, GAAP
172
-219
-133
77
144
37
49
Effective Tax Rate (%)
36.99
- -
- -
2.22
- -
42.91
38.11
Profit Margin (%)
29.38
-267.22
-20.4
9
15.04
3.97
4.81
Working Capital
- -
116
-204
-245
-287
-265
-215
LT Debt
- -
688
909
850
1,026
1,135
1,112
Total Equity
- -
499
-2
-69
-23
-13
48
Return on Invested Capital (%)
- -
- -
- -
12.63
- -
6.87
7.67
Return on Capital (%)
- -
- -
- -
13.96
- -
5.22
5.38
Return on Common Equity (%)
- -
- -
- -
- -
- -
27.76
23.87

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
63
72
75
LT Borrowings
582
555
547
LT Finance Leases
571
569
565
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
47
47
47
Market Capitalization
2,165
2,566
2,798

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
264
420
539
Cash, Cash Equivalents & STI
30
157
323
Accounts Receivable, Net
81
121
90
Inventories
5
4
3
Total Current Liabilities
548
618
753
Payables & Accruals
199
297
391
ST Debt
63
72
75
Deferred Revenue
286
250
287

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-42.59%
Free Cash Flow
- -
-141.25%
3.62%
Net Income, GAAP
- -
-81.89%
-74.06%
Sales/Revenue/Turnover
- -
130.8%
-1.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
142
403
228
186
959
2025
139
407
242
154
943
2026
158
460
246
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1
2.61
0.06
1.42
2.99
2025
-0.4
1.57
0.17
-0.57
0.78
2026
-0.46
1.96
0.11
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
James Lawrence Dolan
Full Time Employees
1,200
Sector
Communication Services
Industry
Entertainment
Address
Two Pennsylvania Plaza New York City NY United States of America 10121
IPO Date
May 2, 2023
Business
Madison Square Garden Entertainment Corp. (NYSE: MSGE), formed in 2020 and headquartered at Two Pennsylvania Plaza in New York, NY, is a leading live entertainment company that owns and operates premier venues including New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre; produces and presents the Christmas Spectacular Starring the Radio City Rockettes, an annual holiday tradition for over 90 years; and hosts diverse events such as concerts, family shows, performing arts, special events, and sporting events for millions of guests annually. The company generates revenue primarily through ticket sales, premium hospitality offerings including suites, sponsorships, food and beverage services, and event production across its U.S.-based operations concentrated in New York and Chicago. In recent developments, MSG Entertainment brought sponsorship sales in-house after ending its partnership with Oak View Group, announced new marketing partnerships with Lenovo, Motorola, and Verizon, repurchased approximately $205 million of its Class A shares since the 2023 spin-off from Sphere Entertainment Co., and reported record concert bookings at Madison Square Garden alongside strong advance sales for the Christmas Spectacular in fiscal 2025.

Company News

APIChat
  • Madison Square Garden Entertainment Q3 Earnings Call Highlights

  • Kalshi and Madison Square Garden Announce Multi-Year Partnership, Naming Kalshi an Official Prediction Market Partner of The Garden

  • Madison Square Garden Entertainment Q3 2026 Review: Outlook Remains Strong

  • Madison Square Garden Entertainment Corp. (MSGE) Q3 2026 Earnings Call Transcript

  • Madison Square Garden Entertainment (MSGE) Beats Q3 Earnings and Revenue Estimates

  • Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Third Quarter Results

  • Madison Square Garden Entertainment Corp. to Host Fiscal 2026 Third Quarter Conference Call

  • Here Are Tuesday’s Top Wall Street Analyst Research Calls: Ameriprise Financial, Arista Networks, Arm Holdings, Lennar, Morgan Stanley, Rocket Lab, Tractor Supply, Wingstop, Wix.com and More

  • Madison Square Garden Entertainment Corp. $MSGE Position Trimmed by JPMorgan Chase & Co.

  • Madison Square Garden Launches “Thank You, NYPD” Campaign Bringing Together Celebrities, Athletes, Business Leaders, and Other Prominent Figures to Say Thank You to the New York City Police Department

  • MSG Entertainment and Sphere Entertainment Name Allen Lo Executive Vice President, Chief Legal Officer

  • Brokerages Set Madison Square Garden Entertainment Corp. (NYSE:MSGE) Price Target at $56.67

  • Citigroup Inc. Raises Holdings in Madison Square Garden Entertainment Corp. $MSGE

  • Channing Capital Management LLC Has $90.42 Million Holdings in Madison Square Garden Entertainment Corp. $MSGE

  • Roundball or Hockey? Investors Might Get to Own Shares of the Knicks and Rangers

  • John Rogers' Strategic Moves: Sphere Entertainment Co Sees Significant Reduction

  • Brokerages Set Madison Square Garden Entertainment Corp. (NYSE:MSGE) PT at $55.00

  • Madison Square Garden Entertainment: Demand Is Materially Stronger Than I Thought (Upgrade)

  • Madison Square Garden Entertainment Corp. (MSGE) Q2 2026 Earnings Call Transcript

  • Madison Square Garden Delivers A Hit Season But Misses Profit Mark