Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Second Quarter Results
Madison Square Garden Entertainment Corp. (MSG Entertainment) reported strong financial results for its fiscal 2026 second quarter, driven by a record-setting Christmas Spectacular production. The company saw an overall revenue increase of 13% to $459.9 million and a 16% increase in adjusted operating income to $190.4 million compared to the prior year. This growth was attributed to high ticket sales for the Christmas Spectacular, a busy schedule of events, and the start of the New York Knicks and Rangers seasons.
Los Angeles Daily News - MSG Family of Companies and PwC Announce Multi-Year Partnership
MSG Sports, MSG Entertainment, and Sphere Entertainment Corp. (collectively, the MSG Family of Companies) have announced a new multi-year marketing partnership with PwC US, naming them The Official Business Consulting Partner of the Arena at Madison Square Garden, the New York Knicks, and the New York Rangers. The partnership includes activations on Sphere's Exosphere, within Madison Square Garden, on MSG Networks, and PwC will become the presenting partner of the Knicks "Season of Giving" community program starting in 2026. This collaboration builds on a long-standing business relationship, aiming to enhance the fan experience and support community initiatives.
Madison Square Garden Entertainment Holds Annual Stockholders Meeting
Madison Square Garden Entertainment Corp. (MSGE) held its annual stockholders meeting on December 10, 2025. During the meeting, directors were elected by both Class A and Class B stockholders, and key proposals were voted on, including the ratification of their accounting firm and executive compensation. TipRanks' AI Analyst, Spark, rates MSGE as "Neutral" due to strong technical momentum and earnings call highlights being offset by a high P/E ratio and profitability challenges.
Madison Square Garden Entertainment Holds Annual Stockholders Meeting
Madison Square Garden Entertainment Corp. (MSGE) held its annual stockholders meeting on December 10, 2025. Stockholders elected directors, ratified the independent accounting firm, and approved executive compensation. TipRanks’ AI Analyst, Spark, rates MSGE as Neutral due to strong technical momentum and positive earnings calls, but notes concerns about its high P/E ratio and profitability challenges.
MSG Entertainment repurchases $25 million in shares over past month By Investing.com
Madison Square Garden Entertainment Corp. (NYSE:MSGE) has repurchased 623,271 shares of its Class A common stock for approximately $25 million between August 20 and September 11, 2025. This repurchase is part of a larger program, bringing the total repurchased shares since April 2023 to 6,106,239 for $205 million, with $45 million remaining under the current authorization. Despite recent earnings falling short of analyst expectations, leading to slight price target adjustments by Goldman Sachs, BofA Securities reiterated its Buy rating, citing the company's strong market position.
Madison Square Garden Entertainment and Cisco Announce Multi-year Partnership
Madison Square Garden Entertainment Corp. (MSG Entertainment) and Cisco have announced a new multi-year partnership, naming Cisco an Official Partner of Madison Square Garden. Cisco's technology will enhance fan experiences and streamline venue operations at MSG. The partnership will leverage Cisco's networking and security solutions, including Catalyst Switches, Catalyst Center, Identity Services Engine, and Wireless hardware, to provide seamless connectivity and a robust digital foundation for events.
Precision Trading with Madison Square Garden Entertainment Corp. Class A (MSGE) Risk Zones
This article from Stock Traders Daily provides a detailed analysis of Madison Square Garden Entertainment Corp. Class A (MSGE), highlighting strong sentiment and elevated downside risk. It outlines three AI-generated trading strategies—Position, Momentum Breakout, and Risk Hedging—with specific entry points, targets, and stop losses. The analysis also includes multi-timeframe signal data and emphasizes institutional-grade risk management.
Madison Square Garden Entertainment Corp. Earnings Call Highlights
Madison Square Garden Entertainment Corp. (MSGE) reported robust full-year financial results with revenues of $942.7 million and an adjusted operating income of $222.5 million, a 5% increase year-over-year. Despite a strong annual performance, including a record-breaking Christmas Spectacular and new sponsorships, the company experienced a 17% decline in fourth-quarter revenues due to fewer concerts at Madison Square Garden and an operating loss of $1.3 million. MSGE looks forward to fiscal 2026 with plans to increase events, expand the Christmas Spectacular, and continue shareholder value enhancement through share repurchases.
Madison Square Garden Entertainment Corp. Class A (MSGE) reports earnings
Madison Square Garden Entertainment Corp. Class A (MSGE) reported its financial results for the quarter, including total revenues of $407.4 million, a slight increase from the previous year, driven by higher arena license fees. Despite a decrease in net income to $75.9 million due to higher income tax expense, operating income saw a slight rise to $139 million. The company maintains a focus on its venue portfolio and financial management, with $54.9 million in unrestricted cash and equivalents.
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2025 SECOND QUARTER RESULTS
Madison Square Garden Entertainment Corp. reported financial results for the fiscal second quarter ended December 31, 2024, highlighting record-setting revenues from the Christmas Spectacular production with 1.1 million tickets sold. The company also announced a slight increase in total revenues to $407.4 million and operating income of $139.0 million, along with repurchasing $25 million in MSGE Class A shares during the quarter. Executive Chairman and CEO James L. Dolan expressed confidence in the continuing demand for live entertainment and anticipated solid adjusted operating income growth for the fiscal year.
MSG Entertainment Misses Q4 Estimates as Concert Slowdown, Fewer Knicks Games Cut Revenue
MSG Entertainment reported a slight drop in fiscal 2025 revenue and weaker-than-expected Q4 results, missing Wall Street estimates. This decline was attributed to a slowdown in concert business at Madison Square Garden and fewer Knicks and Rangers games. Despite strong attendance, the company faced reduced per-concert revenue and lower food and beverage sales, leading to an expanded operating loss in the fourth quarter.
Madison Square Garden Entertainment (NYSE:MSGE) Downgraded to Sell Rating by Wall Street Zen - MarketBeat
Madison Square Garden Entertainment (MSGE) was downgraded to a "sell" rating by Wall Street Zen, despite Goldman Sachs raising its price target to $52 with a "buy" rating. The company reported a Q3 EPS loss of $0.50, missing estimates, and a 17.2% decline in revenue year-over-year. Institutional investors hold a significant stake in MSGE, with several increasing their positions in recent quarters.
Madison Square Garden Entertainment Corp. Repurchases $25 Million of MSGE Class A Common Stock
Madison Square Garden Entertainment Corp. (MSGE) announced it repurchased 623,271 shares of its Class A common stock for approximately $25 million between August 20, 2025, and September 11, 2025. This latest repurchase brings the total to approximately $205 million since its April 2023 spinoff from Sphere Entertainment Co., with $45 million remaining under its current authorization. MSGE, a leader in live entertainment, owns major venues like Madison Square Garden and Radio City Music Hall.
Madison Square Garden Entertainment Corp. Repurchases $25 Million of MSGE Class A Common Stock
Madison Square Garden Entertainment Corp. announced it repurchased 623,271 shares of its Class A common stock for approximately $25 million from August 20, 2025, through September 11, 2025. This brings the total repurchases since April 2023 to about $205 million, with $45 million remaining under its current authorization. The repurchases were funded using cash on hand.
Powerful Advertising Innovations, Premium Content and Iconic Talent Take Center Stage at Warner Bros. Discovery’s Upfront 2025
Warner Bros. Discovery (WBD) held its annual Upfront presentation, showcasing converged advertising opportunities and launching the "WBD Storyverse" to leverage its iconic content for brand connections. The event highlighted WBD's ability to shape culture and deliver scale, featuring innovative ad platforms and a dynamic lineup of talent, programming, and enhanced advertising announcements across its vast portfolio.
Beyoncé Receives Cease-and-Desist From Sphere Over 'Cowboy Carter' Tour Footage: Reports
The owner of the Sphere, Sphere Entertainment Group, has issued a cease-and-desist letter to Beyoncé's production company, Parkwood Entertainment, regarding the unauthorized use of alleged Sphere imagery in an interlude video for her "Cowboy Carter" tour. The letter claims the footage misleads fans into speculating about a Sphere residency and was used without permission. Sphere Entertainment's CEO, James Dolan, was reportedly upset as he had previously attempted to negotiate a performance with Beyoncé at the Las Vegas venue.
Knicks, Rangers to See Big Cut in MSG Networks Media-Rights Fees
The Knicks and Rangers will experience significant reductions in their local media-rights fees after MSG Networks refinanced a debt deal to avoid bankruptcy. The Knicks will see a 28% reduction, and the Rangers an 18% drop for the 2024–2025 season. Additionally, both teams will no longer receive an annual rights fee escalator throughout their contract, which extends until 2029.
Madison Square Garden hiring for jobs with salaries up to $96K: ‘Rock star talent’
Madison Square Garden is currently seeking to fill over three dozen job vacancies with salaries reaching up to $96,000. They are looking for diverse talent for roles in food and beverage, security, guest experiences, and live entertainment departments. Notable positions include Senior Manager of Employee Relations ($96,000), Ticketing Manager ($83,000), and Analyst in Security Intelligence ($75,000).
Women Of Live 2025 Honorees Feted At WOL Reception
Pollstar celebrated its Women Of Live 2025 honorees at a reception held at The Beverly Hilton’s Wilshire Garden on April 14, 2025. The event gathered professionals from the live entertainment industry for networking, celebration, and to recognize 70 honorees for their leadership and impact. Additionally, six influential executives were inducted into the Women of Live Hall of Fame.
Madison Square Garden Entertainment Corp. Repurchases $25 Million of MSGE Class A Common Stock
Madison Square Garden Entertainment Corp. announced the repurchase of 681,593 shares of MSGE Class A common stock for approximately $25 million between November 20 and December 2, 2024. The company believes these repurchases are prudent given the stock's trading price relative to its long-term growth potential. Since April 2023, MSG Entertainment has repurchased about $165 million worth of Class A common stock and has approximately $85 million remaining under its current authorization.
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS
Madison Square Garden Entertainment Corp. (MSGE) reported strong financial results for its fiscal 2024 fourth quarter and full year, exceeding its own guidance ranges for revenues, operating income, and adjusted operating income. The company achieved $959.3 million in revenues for fiscal 2024, a 13% increase from the prior year, driven by robust event attendance and record-setting revenues from the Christmas Spectacular production. Executive Chairman and CEO James L. Dolan expressed confidence in continued robust adjusted operating income growth for fiscal 2025.
James Dolan Inks Contract Extensions With His MSG Companies and Sphere Entertainment
James Dolan has signed three-year contract extensions with MSG Sports, MSG Entertainment, and Sphere Entertainment, companies he and his family control. These new deals amount to an annual value of approximately $37.5 million, potentially reaching nine figures depending on Sphere's stock performance. Dolan's companies own significant assets including the New York Knicks and Rangers, Madison Square Garden venues, and the Sphere in Las Vegas.
GARDEN OF LAUGHS RETURNS WITH ALL-STAR COMEDY LINEUP FEATURING BILL BURR, MICHAEL CHE, CHRIS DISTEFANO, JIM GAFFIGAN, HEATHER MCMAHAN, SAM MORRIL AND JON STEWART
Madison Square Garden Entertainment Corp. and the Garden of Dreams Foundation announced the return of "Garden of Laughs," an all-star comedy benefit event. The show, hosted by Steve Schirripa, will feature comedians like Bill Burr, Michael Che, and Jon Stewart, with all net proceeds benefiting the Garden of Dreams Foundation. This highly successful fundraiser aims to continue its mission of positively impacting children facing various obstacles.
Judge greenlights NYC suit alleging MSG, James Dolan used tech to ban enemies
A federal magistrate judge has recommended that Madison Square Garden Entertainment face a class-action lawsuit alleging illegal use of facial recognition technology to deter potential litigants and boost profits, while violating fans' privacy. The suit contends that the "biometrics law" applies to MSG's use of facial recognition to discourage lawsuits and save on legal costs, a practice owner James Dolan has used to ban lawyers and critics from venues. If the case rules in favor of plaintiffs, it could result in MSG compensating millions and significantly impact businesses' ability to use facial recognition technology.
The Court of Chancery approves notice to beneficial stockholders by publication
The Delaware Court of Chancery ruled that notice by publication is an appropriate method for informing beneficial stockholders about a pending settlement in a derivative action, specifically in the In re Madison Square Garden Entertainment Corp. Stockholders Litigation case. This decision acknowledges that while direct mail is suitable for record holders, the large number of beneficial stockholders and associated costs can justify publication. The Court outlined specific methods for publication, including SEC filings and website postings, confirming that due process is satisfied under these circumstances.
MSG Owner Facing Suit Over Alleged Use of Biometrics to Ban Attorneys
A class action lawsuit was filed against Madison Square Garden (MSG) Entertainment Corp. for allegedly using biometric data to ban rival attorneys from its New York City venues. The lawsuit claimed MSG profited from this "litigation deterrent policy" by reducing legal expenses, violating New York City's Biometric Data Protection Law. However, the proposed class action was dismissed on May 8, 2024, as the judge ruled MSG's actions did not violate the law despite the objectionable use of biometric data.
Multiple Law Firms File Suit Against MSG Entertainment After Face-Scanning Technology Boots Associates
Multiple law firms are suing Madison Square Garden Entertainment (MSG) for using face-scanning technology to eject attorneys from their venues if their firms are involved in active litigation against MSG. This policy has led to incidents where lawyers, including one celebrating her wedding anniversary and another with her Girl Scout troop, were removed despite not being personally involved in the lawsuits. A class-action lawsuit has been filed, raising concerns about the use and implications of biometric technology for such purposes.
'Power Run Amok': Madison Square Garden Uses Face-Scanning Tech to Remove Perceived Adversaries
Madison Square Garden (MSG) is using facial-recognition technology to remove lawyers whose firms are engaged in litigation against the company from its venues. This policy has led to multiple incidents where attorneys, even those not directly involved in the suits, were ejected from events. Critics argue this represents an abuse of technology and power, raising concerns about privacy and the potential for discrimination.
MSG Entertainment’s Updates Spin-Off Plan to Create a Pure-Play Music Company
MSG Entertainment has announced an updated spin-off plan to create a distinct pure-play music company, separating its core live music business from the MSG Sphere, MSG Networks, and Tao Group Hospitality. The new MSG Entertainment will encompass venues like Madison Square Garden and the Radio City Rockettes, while the spin-off company, MSG Sphere Corp, will manage the MSG Sphere project, MSG Networks, and Tao Group Hospitality. This revised strategy aims to maximize shareholder value and provide strategic flexibility for both entities.
MSG Entertainment To Spin-Off Its Live Entertainment & MSG Network Businesses
MSG Entertainment (MSGE) announced it confidentially submitted an initial Form 10 Registration Statement with the SEC for a proposed spin-off of its traditional live entertainment and MSG Networks businesses. Shareholders will receive an approximate two-thirds economic interest in the new live entertainment and media company, named Madison Square Garden Entertainment Corp (SpinCo), while the current parent company, to be renamed MSG Sphere Corp, will retain about one-third. This separation aims to bridge a valuation mismatch and create shareholder value by allowing each entity to pursue distinct business strategies.
Game over? Plaintiffs' lawyers banned from Madison Square Garden by MSG
Madison Square Garden (MSG) is banning lawyers from firms suing its entities from entering its venues as a litigation tactic. This policy affects shareholder firms involved in lawsuits against MSG over its 2021 merger. While some lawyers view it as an inconvenience, others, particularly those outside New York, are largely unconcerned.
MSG Entertainment Names Lucas Watson President, MSG Sphere
Madison Square Garden Entertainment Corp. announced the appointment of Lucas Watson as President, MSG Sphere, effective March 28. In this role, Watson will lead the business strategy and execution for MSG Sphere, the company's planned immersive entertainment venues, including go-to-market planning and bookings. The first MSG Sphere venue is scheduled to open in Las Vegas in the second half of 2023, and Watson will also oversee the global development of the MSG Sphere brand.
Anheuser-Busch Named New Partner of Esports Properties CLG and Knicks Gaming
Anheuser-Busch has been named a new partner for esports properties CLG and Knicks Gaming. This partnership indicates Anheuser-Busch's involvement and investment in the growing esports industry, aligning with recognized gaming organizations.
MSG Entertainment Names Deirdre Latour Executive Vice President and Chief Communications Officer
Madison Square Garden Entertainment Corp. announced the appointment of Deirdre Latour as Executive Vice President and Chief Communications Officer, effective January 3. Ms. Latour will oversee all external communications and public relations for MSG Entertainment and Madison Square Garden Sports Corp. Jim Dolan, CEO of MSG Entertainment, praised her global experience, while Ms. Latour expressed enthusiasm for joining the organization.
MSG Entertainment Acquires MSG Networks
Madison Square Garden Entertainment Corp. announced the completion of its acquisition of MSG Networks Inc., creating a larger entertainment and media company. This merger is expected to bring greater scale, revenue diversity, and financial flexibility, positioning the combined entity for new growth initiatives such as mobile sports gaming and the MSG Sphere in Las Vegas. The transaction also aims for significant tax efficiencies, cost synergies, and interest expense savings for the newly formed entity.
Madison Square Garden Entertainment Corp. and MSG Networks Inc. Announce Key Filing Dates and Plans to Host Joint Webcast on Proposed Merger
Madison Square Garden Entertainment Corp. and MSG Networks Inc. announced key dates for their proposed merger, including filing financial results for Q3 ended March 31, 2021, on Friday, May 7, 2021. MSG Entertainment plans to file a registration statement on Form S-4 and a joint investor presentation on the same day. The companies will host a joint webcast on Monday, May 10, 2021, at 4:30 p.m. Eastern Time to discuss the acquisition.
Tao Group Hospitality Combines with Hakkasan Group
Tao Group Hospitality has acquired Hakkasan Group, creating a premium hospitality powerhouse with a global portfolio of 61 entertainment dining and nightlife venues. This merger significantly expands Tao Group Hospitality's market presence and combines the strengths of both seasoned groups to leverage combined scale for future growth and enhanced guest experiences. Madison Square Garden Entertainment Corp. (NYSE: MSGE), which has a controlling interest in Tao Group Hospitality, will benefit from this expansion, particularly in its MSG Sphere projects in Las Vegas and London.
MSG Entertainment to Acquire MSG Networks
Madison Square Garden Entertainment Corp. announced a definitive agreement to acquire MSG Networks Inc. in an all-stock, fixed exchange ratio transaction. This merger aims to create a stronger, more diversified entertainment and media company with enhanced financial flexibility to pursue growth opportunities, including the MSG Sphere in Las Vegas and potential for sports gaming revenue. The transaction is expected to be tax-free for both companies and their stockholders, with MSG Networks stockholders receiving 0.172 shares of MSG Entertainment stock for each share they own.
Madison Square Garden Entertainment, MSG Networks to Recombine in All-Stock Deal
Madison Square Garden Entertainment (MSG Entertainment) has agreed to acquire MSG Networks in an all-stock deal, reuniting the two companies that were previously part of the Dolan family's holdings. The recombination aims to create a diversified entertainment and media company with enhanced financial flexibility and a stronger position to capitalize on the expansion of legalized sports gaming. The deal, expected to be tax-free, will see MSG Networks stockholders receive 0.172 shares of MSG Entertainment common stock for each share of MSG Networks common stock they own.
Final cost uncertain for $1.7B Vegas Sphere
The MSG Sphere in Las Vegas, a $1.7 billion project, has an uncertain final cost although its completion date is still set for 2023. Madison Square Garden Entertainment has taken over construction from AECOM, retaining AECOM for service support, to bolster its in-house construction expertise for future ventures, including another Sphere planned for London. The company has spent approximately $645 million to date on the project, which will feature a large programmable LED exterior and interior screen.
INSIGHT: Madison Square Garden Spin-Off Proceeded Under Revised Plan
Madison Square Garden Inc. completed a tax-free spin-off on April 17, separating its entertainment assets into Madison Square Garden Entertainment Corp. (MSGE) while retaining its sports teams under Madison Square Garden Sports Corp. (MSGS). This transaction differed from the original plan, which envisioned MSG retaining a class of MSGE stock, and also lacked the preliminary borrowing common in modern spin-offs. The article discusses the tax implications and business purposes, particularly the "fit and focus" rationale and the potential for increased stock valuation.
Ballmer completes $400M deal for The Forum
Steve Ballmer, owner of the LA Clippers, finalized the $400 million purchase of The Forum from Madison Square Garden Entertainment Corp., resolving existing litigation that had been hindering the construction of the Clippers' new arena nearby. This acquisition allows Ballmer to proceed with building an 18,000-seat home for his team in Inglewood, while The Forum will continue to operate as a live music venue under a newly formed entity. The deal aims to enhance community activities and traffic management in Inglewood by having both venues in close proximity.
MSG Sports And MSG Entertainment Begin Regular Way Trading
The Madison Square Garden Company completed the tax-free spin-off of MSG Entertainment from its sports business, now MSG Sports, on April 17, 2020. Both entities began regular-way trading on April 20, with MSG Sports consisting of NBA and NHL teams and MSG Entertainment focusing on venues and other entertainment businesses. Analysts initiated coverage on both MSG Sports and MSG Entertainment with "Buy" ratings, despite the material impact of the COVID-19 pandemic on their operations and valuations.
Madison Square Garden Company split complete
The Madison Square Garden Company has completed its split into two separate publicly traded entities: MSG Entertainment and MSG Sports. MSG Sports will manage the professional sports franchises like the New York Knicks and Rangers, while MSG Entertainment will handle programming, venues such as Madison Square Garden, and new entertainment facilities. This spin-off became effective on April 17, 2020, with shares trading separately on the New York Stock Exchange.
Madison Square Garden Entertainment spin-off is complete
The Madison Square Garden Entertainment Corp. has completed its spin-off, establishing a new entity to oversee venues like Madison Square Garden. Shares of MSG Entertainment began trading on the New York Stock Exchange under the symbol "MSGE" on Monday.
Madison Square Garden To Spin 100% Of Its Entertainment Business
The Madison Square Garden Company (MSG) announced a revised plan to spin off 100% of its entertainment business into a separately traded public company. This revised structure means the entertainment company will not retain an equity interest in the sports company, differing from an earlier proposal. The transaction is expected to be completed in Q1 2020, subject to various conditions, and aims to allow clearer evaluation and more appropriate capital structures for each business.
Madison Square Garden Co. will give up its stake in the Knicks and Rangers in 2020
Madison Square Garden Co. announced it will relinquish its entire equity stake in the New York Knicks and Rangers in 2020 after spinning off its sports assets into a separate company early next year. Despite this, MSG chief Jimmy Dolan will maintain control of the teams. The decision marks a shift from previous plans to retain an equity interest.
The New York Knicks and Hospital for Special Surgery Announce Renewed and Expanded Multi-Year Marketing Partnership
The New York Knicks and Hospital for Special Surgery (HSS) announced a renewed and expanded multi-year marketing partnership, designating HSS as the Official Hospital Partner for the New York Knicks, Westchester Knicks, and Knicks Gaming. This agreement includes HSS being the presenting partner for Junior Knicks Coaching Clinics and the Youth Leadership Platform, expanding its brand presence across various team assets. HSS will provide high-quality musculoskeletal care and expertise to athletes and youth programs, reinforcing its commitment to community health and athletic development.
MSG Sphere one step closer to reality with selection of general contractor
The Madison Square Garden Company has selected AECOM as the general contractor for the MSG Sphere at The Venetian in Las Vegas. AECOM, known for building the T-Mobile Arena, will bring the state-of-the-art entertainment venue to life. The MSG Sphere will feature a massive LED screen, sensory systems including vibration and scent, and is expected to be completed in 2021.
Billy Joel Announces 70th Consecutive Show Added In Monthly Residency At MSG
Billy Joel announced his 70th consecutive show added to his monthly residency at Madison Square Garden, scheduled for Friday, November 15, 2019. This November show will mark Joel's 116th all-time performance at The Garden, continuing a residency that began in January 2014. Tickets will be available for Citi cardmembers starting May 6, with general public sales beginning May 10, with prices ranging from $65.50 to $149.50.
