Madison Square Garden Entertainment Corp.·Communication Services

Madison Square Garden Entertainment NYSE: MSGE reported higher fiscal third-quarter revenue, supported by concert activity at Madison Square Garden, growth in suites and marketing partnerships, and the final performances of the latest Christmas Spectacular season, while adjusted operating income declined on higher costs.

NEW YORK--(BUSINESS WIRE)--Kalshi, the world's largest prediction market, and Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) today announced a new, multi-year partnership with The Garden and MSG Networks, including naming Kalshi an Official Prediction Market Partner of Madison Square Garden. As part of this partnership, the sixth-floor concourse at MSG will be renamed the Kalshi Concourse. “As leaders in live entertainment, we are always searching for opportunities.

FY3Q26 results beat analyst expectations on revenue and adjusted EPS. Management maintains a positive concert booking guidance for the remainder of the year. Harry Styles and Bon Jovi residencies at Madison Square Garden coupled with a strong Knicks playoff run will help to grow bookings. New York City tourism is projected to rebound in 2026, reaching 66.3 million visitors, driven by the FIFA World Cup.

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

Madison Square Garden Entertainment (MSGE) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.33 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or the “Company”) today reported financial results for the fiscal third quarter ended March 31, 2026. The fiscal 2026 third quarter was highlighted by a diverse mix of live entertainment and sporting events across the Company's portfolio of venues. That included significant growth in the number of concerts at the Madison Square Garden Arena (“The Garden”) and the last performances in this year.
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.
Communication Services
Entertainment
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2023-05-02
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