Madison Square Garden Entertainment Corp. (MSGE)
Madison Square Garden Entertainment Corp., founded in New York, New York, in 2006, operates within the entertainment sector. The company specializes in producing, presenting, and hosting a diverse array of live events. This includes concerts, family-oriented shows, and various special events, as well as sporting competitions such as professional boxing, collegiate basketball and hockey, professional bull riding, mixed martial arts, esports, and wrestling. These events are staged across its portfolio of iconic venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City, alongside The Chicago Theatre. Beyond live performances, MSG Entertainment manages a significant hospitality division, overseeing 70 entertainment dining and nightlife venues under brands like Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia, spanning 20 markets across five continents. The company also organizes New England's leading music festival and proudly features the renowned Radio City Rockettes, who are the stars of its annual Christmas Spectacular at Radio City Music Hall.
Sector: Services-Miscellaneous Amusement & Recreation
Industry: Entertainment
Madison Square Garden Entertainment Corp.
NYSE:MSGECommunication Services · Entertainment
-0.77%$77.81
AH Close$77.81+0.00%vs close
AH Close$77.81+0.00%vs close
Mkt Cap$3.68B
Float29.82M
O/S47.31M
Inst Own89.0%
SI4.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.06B
Net Income$66.19M
Total Assets$4.04B
Free Cash Flow$83.22M
Debt & Equity
Debt 29%
Equity 71%
Total Debt$913.31M
Total Equity$2.23B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MSGE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.04B
Liabilities$1.81B
Accounts Receivable$161.14M
Accounts Payable$13.88M
Inventory$17.63M
PP&E (Net)$3.63B
Goodwill$344.77M
Intangible Assets$18.51M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 |
| Revenue | $1.06B | $942.73M | $959.26M | $851.5M | $653.49M | $81.81M | $584.6M | $1.05B | $988.99M | $711.02M |
| YoY Growth | 12.5% | -1.7% | 12.7% | 30.3% | 698.8% | -86.0% | -44.3% | 6.1% | 39.1% | - |
| Cost of Revenue | $582.3M | $535.64M | $547.05M | $499.93M | $394.79M | $75.85M | $380.53M | $670.64M | $635.22M | $517.08M |
| Gross Profit | $478.49M | $407.09M | $412.22M | $351.57M | $258.7M | $5.96M | $204.07M | $378.27M | $353.77M | $193.94M |
| Gross Margin | 45.1% | 43.2% | 43.0% | 41.3% | 39.6% | 7.3% | 34.9% | 36.1% | 35.8% | 27.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $253.11M | $214.97M | $232.19M | $180.22M | $188.79M | $157.24M | $137.94M | $314.52M | $273M | $194.28M |
| Other | $83.84M | $57.77M | $68.08M | $66.34M | $75.55M | $86.01M | -$159.19M | -$6.06M | -$3.1M | -$1.72M |
| Total Operating Expenses | $336.95M | $272.74M | $300.27M | $246.56M | $264.34M | $243.25M | -$21.26M | $423.87M | $385.05M | $292.35M |
| Operating Income (EBIT) | $141.54M | $134.35M | $111.94M | $105.01M | -$5.65M | -$237.29M | $225.33M | -$45.6M | -$31.28M | -$98.41M |
| Operating Margin | 13.3% | 14.3% | 11.7% | 12.3% | -0.9% | -290.0% | 38.5% | -4.3% | -3.2% | -13.8% |
| Interest Expense | $39.96M | $50.51M | $57.95M | $51.87M | $53.11M | $33.73M | $425K | $15.26M | $12.15M | $1.93M |
| Interest Income | $6.2M | $2.33M | $2.98M | $7.24M | $7.15M | $6.44M | $8.8M | $30.16M | $21.35M | $11.76M |
| Other Income (Expense) | -$34.56M | -$68.79M | -$59.65M | -$27.24M | -$130.62M | $23.33M | $45.51M | $22.71M | $2.34M | -$22.02M |
| Income Before Tax (EBT) | $106.98M | $65.56M | $52.29M | $77.77M | -$136.27M | -$213.96M | $270.84M | -$29.7M | -$28.94M | -$120.42M |
| Income Tax Expense | $40.79M | $28.13M | -$92.01M | $1.73M | -$70K | $5.35M | $100.18M | $443K | -$30.83M | -$7.81M |
| Net Income | $66.19M | $37.43M | $144.3M | $76.6M | -$133.34M | -$218.61M | $171.73M | -$17.89M | $6.9M | -$108.55M |
| Net Income Margin | 6.2% | 4.0% | 15.0% | 9.0% | -20.4% | -267.2% | 29.4% | -1.7% | 0.7% | -15.3% |
| Supplementary Data | ||||||||||
| EPS | 1.39 | 0.78 | 2.99 | 1.48 | -2.61 | -9.07 | 7.15 | -0.75 | 0.29 | -4.57 |
| Diluted EPS | 1.38 | 0.77 | 2.97 | 1.47 | -2.61 | -9.07 | 7.14 | -0.75 | 0.29 | -4.57 |
| Weighted Average OS | 47.46M | 48.03M | 48.27M | 51.05M | 44.90M | 24.17M | 24.01M | 23.99M | 23.99M | 23.77M |
| EBITDA | -$911K | $173.84M | $180.02M | $190.1M | $69.9M | -$151.28M | $359.4M | $99.51M | $95.27M | -$20.43M |
| EBITDA Margin | -0.1% | 18.4% | 18.8% | 22.3% | 10.7% | -184.9% | 61.5% | 9.5% | 9.6% | -2.9% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $552.02M | $43.02M | $33.26M | $76.09M | $58.1M | $317.82M | $906.55M | $1.08B | $1.23B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $337.19M | $108.42M | $0 |
| Cash and Short-Term Investments | $552.02M | $43.02M | $33.26M | $76.09M | $58.1M | $317.82M | $1.24B | $1.19B | $1.23B |
| Accounts Receivable | $161.14M | $96.92M | $102.57M | $144.62M | $204.94M | $170.3M | $57.18M | $82.77M | $82.42M |
| Inventory | $17.63M | $3.75M | $3.87M | $2.56M | $2.75M | $2.23M | $0 | $0 | $0 |
| Other Current Assets | $28.56M | $4.46M | $5.43M | $13.43M | $10.59M | $7.9M | $63.44M | $39.43M | $26.9M |
| Total Current Assets | $784.04M | $237.13M | $219.08M | $295.28M | $341.45M | $544.82M | $1.43B | $1.35B | $1.35B |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $3.63B | $1.11B | $1.02B | $864.68M | $967.23M | $838.69M | $1.87B | $1.35B | $1.23B |
| Goodwill | $344.77M | $69.04M | $69.04M | $69.04M | $69.04M | $69.04M | $74.31M | $165.56M | $165.56M |
| Intangible Assets | $18.51M | $63.8M | $63.8M | $63.8M | $65.44M | $71.28M | $214.23M | $279.81M | $297.95M |
| Long-Term Investments | $37.31M | $7.09M | $6.32M | $35.07M | $36.42M | $45.97M | $52.62M | $84.56M | $209.95M |
| Deferred Tax Assets | $0 | $54.07M | $68.31M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$781.73M | $133.09M | $103.96M | $73.29M | $47.11M | $127.49M | $85.1M | $89.96M | $35.96M |
| Total Long-Term Assets | $3.25B | $1.43B | $1.33B | $1.11B | $1.19B | $1.15B | $2.29B | $1.97B | $1.93B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.04B | $1.67B | $1.55B | $1.4B | $1.53B | $1.7B | $3.72B | $3.32B | $3.29B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $13.88M | $12.1M | $26.59M | $15.63M | $11.24M | $2.46M | $17.26M | $23.97M | $28.29M |
| Short-Term Debt | $58.26M | $30.47M | $16.25M | $16.25M | $8.76M | $6.5M | $5.43M | $6.04M | $4.37M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $158.44M | $228.64M | $215.58M | $225.85M | $202.68M | $198.5M | $0 | $186.88M | $216.34M |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $239.6M | $0 | $0 |
| Total Current Liabilities | $640.41M | $502.4M | $505.82M | $540.64M | $545.09M | $429.25M | $509.97M | $474.05M | $483.86M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $722.14M | $568.78M | $599.25M | $630.18M | $654.91M | $611.28M | $28.13M | $48.56M | $101.33M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $135.2M | $0 | $0 | $23.52M | $23.25M | $23.27M | $0 | $22.97M | $23.34M |
| Other Long-Term Liabilities | $191.54M | $45.48M | $43.79M | $56.33M | $50.92M | $57.62M | $132.45M | $59.52M | $49.54M |
| Total Long-Term Liabilities | $1.17B | $1.18B | $1.07B | $929.99M | $983.2M | $769.39M | $334.8M | $188.25M | $237.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.81B | $1.68B | $1.58B | $1.47B | $1.53B | $1.2B | $844.77M | $662.29M | $721.47M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $370K | $530K | $525K | $519K | $33.27M | $529.5M | $240K | $2.62B | $2.53B |
| Retained Earnings | -$220.31M | $153.03M | $115.6M | -$28.7M | $0 | $0 | $141.94M | -$46.92M | -$46.92M |
| Comprehensive Income & Other | -$1.5M | -$31.5M | -$32.26M | -$34.02M | -$34.74M | -$33.6M | -$51.86M | -$46.92M | -$46.92M |
| Other Stockholders' Equity | $2.45B | -$166.86M | -$139.29M | -$41.29M | -$34.74M | -$33.6M | $2.7B | $0 | $0 |
| Total Equity | $2.23B | -$13.3M | -$23.16M | -$69.47M | -$1.48M | $495.9M | $2.84B | $2.57B | $2.48B |
| Minority Interest | $0 | $0 | $0 | $0 | -$114K | $2.75M | $32.8M | $81.42M | $88.19M |
| Total Liabilities and Equity | $4.04B | $1.67B | $1.55B | $1.4B | $1.53B | $1.69B | $3.69B | $3.23B | $3.2B |
| Supplementary Data | |||||||||
| Total Debt | $913.31M | $1.2B | $1.07B | $902.92M | $956.79M | $735.92M | $261.16M | $54.6M | $105.7M |
| Net Debt | $361.29M | $1.16B | $1.04B | $826.83M | $898.69M | $418.1M | -$645.39M | $0 | $0 |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 |
| Operating Activities | ||||||||||
| Net Income | -$33.87M | $37.43M | $144.3M | $76.04M | -$136.2M | -$219.31M | $170.66M | -$30.14M | $1.89M | -$112.61M |
| Depreciation & Amortization | $56.07M | $57.77M | $53.88M | $60.46M | $69.53M | $71.58M | $88.13M | $109.34M | $112.06M | $98.07M |
| Deferred Income Tax | -$36.67M | $14.84M | -$92.2M | $720K | $225K | $566K | $17.43M | -$371K | -$31.27M | -$7.81M |
| Stock-Based Compensation | $31.63M | $27.69M | $31.17M | $31.81M | $39.36M | $40.66M | $26.11M | $35.4M | $27.29M | $22.18M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $19.31M | $9.59M | -$13.94M | $38.84M | -$34.86M | -$18.82M | $8.4M | -$345K | -$4.07M | -$16.39M |
| Inventory | $0 | $0 | $0 | -$45.22M | $0 | $0 | $0 | -$26.45M | $6.63M | $35.95M |
| Accounts Payable | -$10.71M | -$14.49M | -$55.73M | -$696K | $87.56M | -$9.52M | -$9.3M | -$4.31M | $5.31M | $2.02M |
| Other Working Capital | -$69.59M | -$38.97M | $38.15M | -$18.78M | -$19.1M | $33.58M | -$140.09M | $3.77M | $20.17M | $3.04M |
| Total Working Capital Change | -$60.99M | -$43.87M | -$31.52M | -$25.86M | $33.6M | $5.24M | -$140.99M | -$27.33M | $28.04M | $24.61M |
| Other Non-Cash Items | $146.4M | $21.44M | $5.64M | -$7.49M | $88.84M | -$46.85M | -$129.81M | $4.82M | $6.38M | $71.88M |
| Net Cash from Operating | $102.58M | $115.3M | $111.27M | $135.69M | $95.35M | -$148.12M | $31.53M | $91.72M | $144.38M | $96.31M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$19.36M | -$22.22M | -$24.18M | -$15.19M | -$15.8M | -$10.31M | -$29.64M | -$184M | -$187.36M | -$41.83M |
| Acquisitions | $0 | $0 | $0 | $27.9M | $0 | $0 | $0 | $73.04M | -$17.36M | -$199.48M |
| Purchases of Investments | $0 | $0 | $28.46M | -$27.9M | $0 | $0 | $0 | -$112.69M | $0 | -$23.22M |
| Sales of Investments | $0 | $55K | $0 | $209.04M | $0 | $0 | $0 | $184M | $0 | $0 |
| Other Investing Activities | -$262K | -$1.53M | -$66.66M | -$163.55M | $61.24M | -$24K | $306.03M | -$188.41M | $35.1M | $4.47M |
| Net Cash from Investing | -$19.63M | -$23.69M | -$62.37M | $30.3M | $45.44M | -$10.34M | $276.39M | -$228.06M | -$169.62M | -$260.06M |
| Financing Activities | ||||||||||
| Debt Repaid | $49.51M | $16.25M | $33.65M | $19.82M | -$16.29M | -$627.25M | - | - | - | - |
| Common Stock Issuance | $7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$39.69M | -$50.87M | -$25M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$9.62M | -$25.68M | -$15.17M | -$99.39M | -$412.58M | -$153.76M | -$315.38M | -$8.62M | $15.36M | -$38.63M |
| Net Cash from Financing | -$52.13M | -$81.62M | -$99.69M | -$144.22M | -$396.29M | $473.49M | -$315.38M | -$8.62M | $15.36M | -$38.63M |
| Forex Effect | -$73K | $0 | $0 | $0 | $0 | $0 | $0 | $4.67M | $331K | $0 |
| Net Change in Cash | $30.75M | $9.98M | -$50.8M | $21.78M | -$255.5M | $315.03M | -$7.46M | -$140.29M | -$9.55M | -$202.37M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $102.58M | $115.3M | $111.27M | $135.69M | $95.35M | -$148.12M | $31.53M | $91.72M | $144.38M | $96.31M |
| Capital Expenditure | -$19.36M | -$22.22M | -$24.18M | -$15.19M | -$15.8M | -$10.31M | -$29.64M | -$184M | -$187.36M | -$41.83M |
| Free Cash Flow | $83.22M | $93.08M | $87.08M | $120.51M | $79.55M | -$158.43M | $1.88M | -$92.28M | -$42.98M | $54.48M |
| Cash at Beginning | $521.26M | $33.55M | $84.36M | $62.57M | $318.07M | $3.04M | $10.5M | $1.23B | $1.24B | $1.44B |
| Cash at End | $552.02M | $43.54M | $33.55M | $84.36M | $62.57M | $318.07M | $3.04M | $1.09B | $1.23B | $1.24B |