Madison Square Garden Entertainment (NYSE:MSGE) Announces Earnings Results

Madison Square Garden Entertainment (NYSE:MSGE) issued its earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03), FiscalAI reports. The firm had revenue of $246.26 million for the quarter, compared to the consensus estimate of $242.99 million. Madison Square Garden Entertainment had a net margin of 5.12% and a negative return on equity of 748.04%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share.

Here are the key takeaways from Madison Square Garden Entertainment’s conference call:

• Q3 results — Revenues were $246.3 million (up 2% year?over?year) while adjusted operating income was $46 million, down $12 million mainly due to higher direct operating and SG&A expenses.
• Concert momentum at The Garden — The company expects a significant increase in concerts in fiscal Q4 and FY27 bookings are pacing well, highlighted by a 30?night Harry Styles residency plus other multi?night residencies.
• Christmas Spectacular — The 92nd season generated about $195 million across 215 paid shows, with higher per?show ticketing revenue, and 230 performances are on sale for the 2026 season.
• Balance sheet & capital return — Unrestricted cash rose to $323 million (from $157M), debt was $587 million, and the company repurchased ~$25 million of stock year?to?date with ~$45 million remaining under the buyback authorization.
• Theaters lagging bookings — Theaters saw fewer concerts and are pacing behind for the September quarter, but management notes theatre booking windows are short (3–6 months) and expects to work to narrow the gap.

Madison Square Garden Entertainment Stock Down 0.2%

Shares of NYSE:MSGE traded down $0.16 on Thursday, reaching $66.79. The company had a trading volume of 917,828 shares, compared to its average volume of 321,485. Madison Square Garden Entertainment has a 52-week low of $35.31 and a 52-week high of $69.87. The firm’s 50 day simple moving average is $60.38 and its 200-day simple moving average is $55.98. The firm has a market capitalization of $2.70 billion, a PE ratio of 61.84 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 15.40.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Madison Square Garden Entertainment from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Madison Square Garden Entertainment from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Guggenheim lifted their price target on Madison Square Garden Entertainment from $74.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, April 16th. BTIG Research lifted their price target on Madison Square Garden Entertainment from $70.00 to $86.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wall Street Zen upgraded Madison Square Garden Entertainment from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Insider Activity

In other news, Director Charles P. Dolan sold 19,311 shares of Madison Square Garden Entertainment stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.76, for a total value of $1,231,269.36. Following the transaction, the director directly owned 660 shares in the company, valued at approximately $42,081.60. This trade represents a 96.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSGE. Millennium Management LLC grew its stake in Madison Square Garden Entertainment by 2,037.6% during the 3rd quarter. Millennium Management LLC now owns 589,096 shares of the company’s stock worth $26,651,000 after buying an additional 561,537 shares during the last quarter. Bank of America Corp DE grew its stake in Madison Square Garden Entertainment by 324.8% during the 2nd quarter. Bank of America Corp DE now owns 667,248 shares of the company’s stock worth $26,670,000 after buying an additional 510,191 shares during the last quarter. Nuveen LLC grew its stake in Madison Square Garden Entertainment by 86.4% during the 4th quarter. Nuveen LLC now owns 724,467 shares of the company’s stock worth $39,042,000 after buying an additional 335,890 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Madison Square Garden Entertainment during the 4th quarter worth $13,473,000. Finally, Invesco Ltd. grew its stake in Madison Square Garden Entertainment by 457.3% during the 4th quarter. Invesco Ltd. now owns 163,044 shares of the company’s stock worth $8,786,000 after buying an additional 133,786 shares during the last quarter. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Entertainment Company Profile

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a premier live entertainment company focused on producing and hosting a wide range of events across North America. Established as a separate publicly traded entity in April 2020 through a spin-off from Madison Square Garden Company, MSGE owns and operates iconic venues such as Madison Square Garden in New York City, Radio City Music Hall, The Chicago Theatre and Sphere in Las Vegas. These facilities serve as flagship stages for concerts, sports events, family shows and cultural performances.

The company’s core business activities center on venue management, event promotion and production services.