{"id":2405844,"date":"2026-05-07T11:23:29","date_gmt":"2026-05-07T11:23:29","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2405844"},"modified":"2026-05-07T11:23:29","modified_gmt":"2026-05-07T11:23:29","slug":"msg-entertainment-posts-q3-2026-revenue-of-246m","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/msg-entertainment-posts-q3-2026-revenue-of-246m\/","title":{"rendered":"MSG Entertainment posts Q3 2026 revenue of $246M"},"content":{"rendered":"

<\/p>\n

Washington, D.C. 20549<\/span><\/p>\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP.<\/nonnumeric><\/span> <\/span><\/p>\n

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<\/span><\/p>\n

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (\u00a7230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (\u00a7240.12b-2 of this chapter).<\/span><\/p>\n

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. \u2610<\/span><\/p>\n

Item 2.02\u00a0\u00a0\u00a0\u00a0Results of Operations and Financial Condition. <\/span><\/p>\n

On May\u00a07, 2026, Madison Square Garden Entertainment Corp. (the \u201cCompany\u201d) announced its financial results for its third quarter ended March\u00a031, 2026. A copy of the press release containing the announcement is included as Exhibit\u00a099.1 to this Current Report on Form 8-K and is incorporated herein by reference.<\/span><\/p>\n

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed \u201cfiled\u201d for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 (the \u201cSecurities Act\u201d) or the Exchange Act, regardless of any general incorporation language in such filings. <\/span><\/p>\n

Item 9.01\u00a0\u00a0\u00a0\u00a0Financial Statements and Exhibits.<\/span><\/p>\n

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. <\/span><\/p>\n

\n
<\/span> <\/span><\/div>\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS<\/span><\/p>\n

FISCAL 2026 THIRD QUARTER RESULTS<\/span><\/p>\n

NEW YORK, N.Y., May\u00a07, 2026<\/span> – Madison Square Garden Entertainment Corp. (NYSE: MSGE) (\u201cMSG Entertainment\u201d or the \u201cCompany\u201d) today reported financial results for the fiscal third quarter ended March 31, 2026.<\/span><\/p>\n

The fiscal 2026 third quarter was highlighted by a diverse mix of live entertainment and sporting events across the Company\u2019s portfolio of venues. That included significant growth in the number of concerts at the Madison Square Garden Arena (\u201cThe Garden\u201d) and the last performances in this year’s record-setting <\/span>Christmas Spectacular<\/span> run. It also included the continuation of the New York Knicks (\u201cKnicks\u201d) and the New York Rangers (\u201cRangers\u201d) 2025-26 regular seasons at The Garden. <\/span><\/p>\n

For the fiscal 2026 third quarter, the Company reported revenues of $246.3 million, an increase of $3.8 million, or 2%, as compared to the prior year quarter. In addition, the Company reported operating income of $16.1 million, a decrease of $11.2 million, or 41%, and adjusted operating income of $46.0 million, a decrease of $11.8 million, or 20%, both as compared to the prior year quarter.<\/span>(1)<\/span><\/p>\n

Executive Chairman and CEO James L. Dolan said, \u201cWe continue to bring an array of live events to our venues, and demand for those entertainment offerings remains strong. As we approach the end of the fiscal year, we remain on track to deliver robust growth in revenue and adjusted operating income in fiscal 2026.\u201d<\/span><\/p>\n

Results for the Three and Nine Months Ended March\u00a031, 2026 and 2025:<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/tr>\n
\n\nThree Months Ended<\/span><\/td>\n\nNine Months Ended<\/span><\/td>\n<\/tr>\n
\n\nMarch 31,<\/span><\/td>\n\nChange<\/span><\/td>\n\nMarch 31,<\/span><\/td>\n\nChange<\/span><\/td>\n<\/tr>\n
$ millions<\/span><\/td>\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n\n$<\/span><\/td>\n\n%<\/span><\/td>\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n\n$<\/span><\/td>\n\n%<\/span><\/td>\n<\/tr>\n
Revenues<\/span><\/td>\n\n$<\/span><\/td>\n246.3<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n242.5<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n3.8<\/span>\u00a0<\/span><\/td>\n\n\n2<\/span>\u00a0<\/span><\/td>\n%<\/span><\/td>\n\n$<\/span><\/td>\n864.5<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n788.6<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n75.9<\/span>\u00a0<\/span><\/td>\n\n\n10<\/span>\u00a0<\/span><\/td>\n%<\/span><\/td>\n<\/tr>\n
Operating Income<\/span><\/td>\n\n$<\/span><\/td>\n16.1<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n27.3<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n(11.2)<\/span><\/td>\n\n\n(41)<\/span><\/td>\n%<\/span><\/td>\n\n$<\/span><\/td>\n150.2<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n147.8<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n2.3<\/span>\u00a0<\/span><\/td>\n\n\n2<\/span>\u00a0<\/span><\/td>\n%<\/span><\/td>\n<\/tr>\n
\n

Adjusted Operating Income <\/span>(1)<\/span><\/p>\n<\/td>\n

\n$<\/span><\/td>\n46.0<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n57.9<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n(11.8)<\/span><\/td>\n\n\n(20)<\/span><\/td>\n%<\/span><\/td>\n\n$<\/span><\/td>\n243.5<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n223.8<\/span>\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n19.8<\/span>\u00a0<\/span><\/td>\n\n\n9<\/span>\u00a0<\/span><\/td>\n%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Note: Amounts may not foot due to rounding.<\/span><\/p>\n

(1)<\/span> See page 3 of this earnings release for the definition of adjusted operating income (loss) included in the discussion of non-GAAP financial measures. <\/span><\/p>\n

\n

Entertainment Offerings, Arena License Fees and Other Leasing<\/span><\/p>\n

Fiscal 2026 third quarter revenues from entertainment offerings of $165.7 million increased $5.5 million, or 3%, as compared to the prior year quarter. <\/span><\/p>\n

\u2022<\/span>Revenues subject to the sharing of economics with Madison Square Garden Sports Corp. (“MSG Sports”) pursuant to the Arena License Agreements increased $5.4 million, primarily due to higher suite license fee revenues (excluding those retained by the Company).<\/span><\/p>\n

\u2022<\/span>Revenues from concerts increased $3.7 million, primarily reflecting an increase in the number of concerts at The Garden, partially offset by a decrease in the number of concerts at the Company’s theaters. <\/span><\/p>\n

\u2022<\/span>Revenues from venue-related sponsorship, signage, and suite license fees increased $3.1 million due to higher suite license fee revenues (excluding those shared with MSG Sports pursuant to the Arena License Agreements) and higher sponsorship and signage revenues.<\/span><\/p>\n

\u2022<\/span>Revenues from the presentation of the <\/span>Christmas Spectacular <\/span>production increased $1.3 million, primarily due to an increase in ticket-related revenue, which reflected higher per-show revenue and one additional performance as compared to the prior year quarter.<\/span><\/p>\n

\u2022<\/span>Revenues from other live entertainment and sporting events decreased $7.7 million due to a decrease in the number of events at the Company’s venues (including the absence of a multi-day special event held at Radio City Music Hall in the prior year quarter), partially offset by higher per-event revenue.<\/span><\/p>\n

Fiscal 2026 third quarter arena license fees and other leasing revenues of $35.5 million decreased $1.0 million, or 3%, as compared to the prior year quarter, due to fewer Knicks and Rangers games played at The Garden in the current year quarter, partially offset by higher other leasing revenues.<\/span><\/p>\n

Fiscal 2026 third quarter direct operating expenses associated with entertainment offerings, arena license fees and other leasing of $118.3 million increased $10.3 million, or 10%, as compared to the prior year quarter. <\/span><\/p>\n

\u2022<\/span>Expenses subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements increased $5.0 million, primarily due to expenses incurred as a result of the increase in suite license fee revenues. <\/span><\/p>\n

\u2022<\/span>Expenses for concerts increased $2.6 million, primarily due to an increase in the number of concerts at The Garden, partially offset by a decrease in the number of concerts at the Company\u2019s theaters. <\/span><\/p>\n

\u2022<\/span>Venue operating costs increased $2.4 million, primarily due to higher employee compensation and benefits, as well as higher repairs and maintenance expenses.<\/span><\/p>\n

\u2022<\/span>Expenses for other live entertainment and sporting events decreased $2.0 million due to a decrease in the number of events at the Company’s venues (including the absence of a multi-day special event held at Radio City Music Hall in the prior year quarter), partially offset by higher per-event expenses. <\/span><\/p>\n

Food, Beverage and Merchandise<\/span><\/p>\n

Fiscal 2026 third quarter food, beverage and merchandise revenues of $45.1 million decreased $0.7 million, or 2%, as compared to the prior year quarter. The decrease primarily reflected (i) lower food and beverage sales at Knicks and Rangers games of $2.8 million, primarily due to the impact of a combined five fewer Knicks and Rangers games played at The Garden, partially offset by (ii) higher food and beverage sales at concerts held at the Company’s venues of $2.4 million, primarily due to an increase in the number of concerts at The Garden, partially offset by a decrease in the number of concerts at the Company’s theaters.<\/span><\/p>\n

Fiscal 2026 third quarter food, beverage and merchandise direct operating expenses of $28.5 million decreased $2.4 million, or 8%, as compared to the prior year quarter. The decrease was primarily due to lower food and beverage costs related to Knicks and Rangers games at The Garden, partially offset by higher food and beverage costs related to concerts, both as compared to the prior year quarter. <\/span><\/p>\n

Selling, General and Administrative Expenses <\/span><\/p>\n

Fiscal 2026 third quarter selling, general and administrative expenses of $61.0 million increased $8.8 million, or 17%, as compared to the prior year quarter. This increase was primarily due to (i) an increase in employee compensation and benefits, (ii) higher rent expense, and (iii) other cost increases.<\/span><\/p>\n

Operating Income and Adjusted Operating Income<\/span><\/p>\n

Fiscal 2026 third quarter operating income of $16.1 million decreased $11.2 million, or 41%, as compared to the prior year quarter, primarily due to higher selling, general and administrative expenses, restructuring charges and direct operating expenses, partially offset by the absence of impairment of long-lived assets recognized in the prior year quarter and the increase in revenues. Fiscal 2026 third quarter adjusted operating income of $46.0 million decreased $11.8 million, or 20%, as compared to the prior year quarter, primarily due to higher direct operating expenses and higher selling, general and administrative expenses, partially offset by the increase in revenues. <\/span><\/p>\n

\n

About Madison Square Garden Entertainment Corp.<\/span><\/p>\n

Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company\u2019s portfolio includes a collection of world-renowned venues \u2013 New York\u2019s Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre \u2013 that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the <\/span>Christmas Spectacular Starring the Radio City Rockettes<\/span>, which has been a holiday tradition for more than 90 years. More information is available at www.msgentertainment.com.<\/span><\/p>\n

Non-GAAP Financial Measures<\/span><\/p>\n

We define adjusted operating income (loss), which is a non-GAAP financial measure, as operating income (loss) excluding (i) depreciation, amortization and impairments of property and equipment, goodwill and other long-lived assets, including right of use assets and related lease costs, (ii) share-based compensation expense or benefit, (iii) restructuring charges or credits, (iv) merger, spin-off, and acquisition-related costs, including merger-related litigation expenses, (v) gains or losses on sales or dispositions of businesses and associated settlements, (vi) the impact of purchase accounting adjustments related to business acquisitions, (vii) amortization for capitalized cloud computing arrangement costs and (viii) gains and losses related to the remeasurement of liabilities under the executive deferred compensation plan. We believe that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of the various operating units of our business without regard to the settlement of an obligation that is not expected to be made in cash. We eliminate merger, spin-off, and acquisition-related transaction costs, when applicable, because the Company does not consider such costs to be indicative of the ongoing operating performance of the Company as they result from an event that is of a non-recurring nature, thereby enhancing comparability. In addition, management believes that the exclusion of gains and losses related to the remeasurement of liabilities under the executive deferred compensation plan, provides investors with a clearer picture of the Company\u2019s operating performance given that, in accordance with U.S. generally accepted accounting principles, gains and losses related to the remeasurement of liabilities under the executive deferred compensation plan are recognized in operating income (loss) whereas gains and losses related to the remeasurement of the assets under the executive deferred compensation plan, which are equal to and therefore fully offset the gains and losses related to the remeasurement of liabilities, are recognized in other income (expense), net, which is not reflected in operating income (loss).<\/span><\/p>\n

We exclude impairments of long-lived assets, including right-of-use assets and related lease costs, as these expenses do not represent core business operating results of the Company. We believe adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of the Company on a consolidated and combined basis. Adjusted operating income (loss) and similar measures with similar titles are common performance measures used by investors and analysts to analyze our performance. Internally, we use revenues and adjusted operating income (loss) as the most important indicators of our business performance, and evaluate management\u2019s effectiveness with specific reference to these indicators. Adjusted operating income (loss) should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and\/or liquidity presented in accordance with GAAP. Since adjusted operating income (loss) is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. For a reconciliation of operating income (loss) to adjusted operating income (loss), please see page 5 of this earnings release.<\/span><\/p>\n

Forward-Looking Statements<\/span><\/p>\n

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the factors described in the Company\u2019s filings with the Securities and Exchange Commission, including the sections titled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.<\/span><\/p>\n

# # #<\/span><\/p>\n

Contacts:<\/span><\/p>\n\n\n\n
\n\n\n\n\n<\/tr>\n
Ari Danes, CFA
Senior Vice President, Investor Relations & Treasury
Madison Square Garden Entertainment Corp.
(212) 465-6072<\/span><\/td>\n		Grace Kaminer
Vice President, Investor Relations & Treasury
Madison Square Garden Entertainment Corp.
(212) 631-5076<\/span><\/td>\n<\/tr>\n<\/table>\n

Conference Call Information:<\/span><\/div>\n

The conference call will be webcast live today at 8:30a.m. ET at investor.msgentertainment.com<\/span><\/p>\n

Conference call dial-in number is 833-461-5787\u00a0\/ Conference ID Number 814544945<\/span><\/p>\n

Webcast replay available at investor.msgentertainment.com until May 14, 2026<\/span><\/p>\n

Investor presentation available at investor.msgentertainment.com\/events-and-presentations<\/span><\/p>\n

\n
\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP.<\/span><\/p>\n<\/div>\n

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/span><\/p>\n

(in thousands, except per share data)<\/span><\/p>\n

(Unaudited)<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/tr>\n
\u00a0<\/span><\/td>\n\nThree Months Ended March 31,<\/span><\/td>\n\nNine Months Ended March 31,<\/span><\/td>\n<\/tr>\n
\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n<\/tr>\n
Revenues: <\/span><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
\n

Revenues from entertainment offerings<\/span><\/p>\n<\/td>\n

\n$<\/span><\/td>\n165,688\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n160,214\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n657,451\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n593,571\u00a0<\/span><\/td>\n<\/tr>\n
Food, beverage, and merchandise revenues<\/span><\/td>\n\n45,081\u00a0<\/span><\/td>\n\n\n45,808\u00a0<\/span><\/td>\n\n\n132,242\u00a0<\/span><\/td>\n\n\n124,104\u00a0<\/span><\/td>\n<\/tr>\n
\n

Arena license fees and other leasing revenue <\/span><\/p>\n<\/td>\n

\n35,491\u00a0<\/span><\/td>\n\n\n36,443\u00a0<\/span><\/td>\n\n\n74,769\u00a0<\/span><\/td>\n\n\n70,921\u00a0<\/span><\/td>\n<\/tr>\n
Total revenues<\/span><\/td>\n\n246,260\u00a0<\/span><\/td>\n\n\n242,465\u00a0<\/span><\/td>\n\n\n864,462\u00a0<\/span><\/td>\n\n\n788,596\u00a0<\/span><\/td>\n<\/tr>\n
Direct operating expenses:<\/span><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
\n

Entertainment offerings, arena license fees, and other leasing direct operating expenses<\/span><\/p>\n<\/td>\n

\n(118,340)<\/span><\/td>\n\n\n(107,995)<\/span><\/td>\n\n\n(382,960)<\/span><\/td>\n\n\n(358,755)<\/span><\/td>\n<\/tr>\n
\n

Food, beverage, and merchandise direct operating expenses<\/span><\/p>\n<\/td>\n

\n(28,453)<\/span><\/td>\n\n\n(30,875)<\/span><\/td>\n\n\n(78,859)<\/span><\/td>\n\n\n(74,898)<\/span><\/td>\n<\/tr>\n
Total direct operating expenses<\/span><\/td>\n\n(146,793)<\/span><\/td>\n\n\n(138,870)<\/span><\/td>\n\n\n(461,819)<\/span><\/td>\n\n\n(433,653)<\/span><\/td>\n<\/tr>\n
Selling, general, and administrative expenses<\/span><\/td>\n\n(60,955)<\/span><\/td>\n\n\n(52,112)<\/span><\/td>\n\n\n(185,899)<\/span><\/td>\n\n\n(155,047)<\/span><\/td>\n<\/tr>\n
Depreciation and amortization<\/span><\/td>\n\n(13,788)<\/span><\/td>\n\n\n(14,372)<\/span><\/td>\n\n\n(41,846)<\/span><\/td>\n\n\n(42,336)<\/span><\/td>\n<\/tr>\n
Impairment of long-lived assets<\/span><\/td>\n\n\u2014\u00a0<\/span><\/td>\n\n\n(9,700)<\/span><\/td>\n\n\n(13,782)<\/span><\/td>\n\n\n(9,700)<\/span><\/td>\n<\/tr>\n
Restructuring charges<\/span><\/td>\n\n(8,623)<\/span><\/td>\n\n\n(84)<\/span><\/td>\n\n\n(10,939)<\/span><\/td>\n\n\n(14)<\/span><\/td>\n<\/tr>\n
Operating income<\/span><\/td>\n\n16,101\u00a0<\/span><\/td>\n\n\n27,327\u00a0<\/span><\/td>\n\n\n150,177\u00a0<\/span><\/td>\n\n\n147,846\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Interest income<\/span><\/td>\n\n2,245\u00a0<\/span><\/td>\n\n\n710\u00a0<\/span><\/td>\n\n\n3,578\u00a0<\/span><\/td>\n\n\n1,447\u00a0<\/span><\/td>\n<\/tr>\n
Interest expense<\/span><\/td>\n\n(9,421)<\/span><\/td>\n\n\n(11,800)<\/span><\/td>\n\n\n(30,872)<\/span><\/td>\n\n\n(38,798)<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Other expense, net<\/span><\/td>\n\n(700)<\/span><\/td>\n\n\n(949)<\/span><\/td>\n\n\n(1,545)<\/span><\/td>\n\n\n(2,763)<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Income from operations before income taxes<\/span><\/td>\n\n8,225\u00a0<\/span><\/td>\n\n\n15,288\u00a0<\/span><\/td>\n\n\n121,338\u00a0<\/span><\/td>\n\n\n107,732\u00a0<\/span><\/td>\n<\/tr>\n
Income tax expense<\/span><\/td>\n\n(3,115)<\/span><\/td>\n\n\n(7,252)<\/span><\/td>\n\n\n(45,167)<\/span><\/td>\n\n\n(43,124)<\/span><\/td>\n<\/tr>\n
Net income<\/span><\/td>\n\n$<\/span><\/td>\n5,110\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n8,036\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n76,171\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n64,608\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Earnings per share:<\/span><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Basic<\/span><\/td>\n\n$<\/span><\/td>\n0.11\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n0.17\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1.61\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1.34\u00a0<\/span><\/td>\n<\/tr>\n
Diluted<\/span><\/td>\n\n$<\/span><\/td>\n0.11\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n0.17\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1.59\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1.33\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Weighted-average number of shares of common stock:<\/span><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Basic<\/span><\/td>\n\n47,463\u00a0<\/span><\/td>\n\n\n47,955\u00a0<\/span><\/td>\n\n\n47,452\u00a0<\/span><\/td>\n\n\n48,171\u00a0<\/span><\/td>\n<\/tr>\n
Diluted<\/span><\/td>\n\n48,132\u00a0<\/span><\/td>\n\n\n48,271\u00a0<\/span><\/td>\n\n\n47,893\u00a0<\/span><\/td>\n\n\n48,445\u00a0<\/span><\/td>\n<\/tr>\n
<\/tr>\n<\/table>\n<\/div>\n
\n
\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP.<\/span><\/p>\n<\/div>\n

ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO<\/span><\/p>\n

ADJUSTED OPERATING INCOME (LOSS)<\/span><\/p>\n

(in thousands)<\/span><\/p>\n

(Unaudited)<\/span><\/p>\n

The following is a description of the adjustments to operating income in arriving at adjusted operating income as described in this earnings release:<\/span><\/p>\n

\u2022<\/span>Depreciation and amortization.<\/span> This adjustment eliminates depreciation and amortization of property and equipment and intangible assets.<\/span><\/p>\n

\u2022<\/span>Impairment of long-lived assets and related lease costs.<\/span> This adjustment eliminates the impairment of long-lived assets, including right of use assets and related lease costs. <\/span><\/p>\n

\u2022<\/span>Share-based compensation<\/span>. This adjustment eliminates the compensation expense relating to restricted stock units and stock options granted under the Company\u2019s Employee Stock Plan and the Company\u2019s Non-Employee Director Plan.<\/span><\/p>\n

\u2022<\/span>Restructuring charges.<\/span> This adjustment eliminates costs related to termination benefits provided to certain executives and employees.<\/span><\/p>\n

\u2022<\/span>Merger, spin-off, and acquisition-related costs.<\/span> This adjustment eliminates costs related to mergers, spin-offs and acquisitions, including merger-related litigation expenses.<\/span><\/p>\n

\u2022<\/span>Amortization for capitalized cloud computing arrangement costs.<\/span> This adjustment eliminates amortization of capitalized cloud computing arrangement costs. <\/span><\/p>\n

\u2022<\/span>Remeasurement of deferred compensation plan liabilities.<\/span> This adjustment eliminates the impact of gains and losses related to the remeasurement of liabilities under the executive deferred compensation plan.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/tr>\n
\n\nThree Months Ended March 31,<\/span><\/td>\n\nNine Months Ended March 31,<\/span><\/td>\n<\/tr>\n
$ thousands<\/span><\/td>\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n<\/tr>\n
Operating income<\/span><\/td>\n\n$<\/span><\/td>\n16,101\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n27,327\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n150,177\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n147,846\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n<\/tr>\n
Depreciation and amortization<\/span><\/td>\n\n13,788\u00a0<\/span><\/td>\n\n\n14,372\u00a0<\/span><\/td>\n\n\n41,846\u00a0<\/span><\/td>\n\n\n42,336\u00a0<\/span><\/td>\n<\/tr>\n
Impairment of long-lived assets and related lease costs<\/span><\/td>\n\n938\u00a0<\/span><\/td>\n\n\n9,700\u00a0<\/span><\/td>\n\n\n16,016\u00a0<\/span><\/td>\n\n\n9,700\u00a0<\/span><\/td>\n<\/tr>\n
Share-based compensation<\/span><\/td>\n\n6,689\u00a0<\/span><\/td>\n\n\n6,250\u00a0<\/span><\/td>\n\n\n24,019\u00a0<\/span><\/td>\n\n\n21,834\u00a0<\/span><\/td>\n<\/tr>\n
Restructuring charges<\/span><\/td>\n\n8,623\u00a0<\/span><\/td>\n\n\n84\u00a0<\/span><\/td>\n\n\n10,939\u00a0<\/span><\/td>\n\n\n14\u00a0<\/span><\/td>\n<\/tr>\n
\n

Merger, spin-off<\/span>, and acquisition-related costs<\/span><\/p>\n<\/td>\n

\n\u2014\u00a0<\/span><\/td>\n\n\n\u2014\u00a0<\/span><\/td>\n\n\n\u2014\u00a0<\/span><\/td>\n\n\n1,361\u00a0<\/span><\/td>\n<\/tr>\n
Amortization for capitalized cloud computing arrangement costs<\/span><\/td>\n\n19\u00a0<\/span><\/td>\n\n\n183\u00a0<\/span><\/td>\n\n\n225\u00a0<\/span><\/td>\n\n\n552\u00a0<\/span><\/td>\n<\/tr>\n
Remeasurement of deferred compensation plan liabilities<\/span><\/td>\n\n(122)<\/span><\/td>\n\n\n(45)<\/span><\/td>\n\n\n325\u00a0<\/span><\/td>\n\n\n149\u00a0<\/span><\/td>\n<\/tr>\n
Adjusted operating income<\/span><\/td>\n\n$<\/span><\/td>\n46,036\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n57,871\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n243,547\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n223,792\u00a0<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n
\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP.<\/span><\/p>\n<\/div>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/tr>\n
CONDENSED CONSOLIDATED BALANCE SHEETS <\/span><\/td>\n<\/tr>\n
(in thousands, except per share data)<\/span><\/td>\n<\/tr>\n
(Unaudited)<\/span><\/td>\n<\/tr>\n
\n\nAs of<\/span><\/td>\n<\/tr>\n
\n\nMarch 31,
2026<\/span><\/td>\n		\nJune 30,
2025<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
ASSETS<\/span><\/td>\n\n\n\n<\/tr>\n
Current Assets:<\/span><\/td>\n\n\n\n<\/tr>\n
Cash, cash equivalents, and restricted cash<\/span><\/td>\n\n$<\/span><\/td>\n323,653\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n43,538\u00a0<\/span><\/td>\n<\/tr>\n
Accounts receivable, net<\/span><\/td>\n\n89,675\u00a0<\/span><\/td>\n\n\n66,781\u00a0<\/span><\/td>\n<\/tr>\n
Related party receivables, current<\/span><\/td>\n\n31,863\u00a0<\/span><\/td>\n\n\n22,487\u00a0<\/span><\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/span><\/td>\n\n93,434\u00a0<\/span><\/td>\n\n\n104,326\u00a0<\/span><\/td>\n<\/tr>\n
Total current assets<\/span><\/td>\n\n538,625\u00a0<\/span><\/td>\n\n\n237,132\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Non-Current Assets:<\/span><\/td>\n\n\n\n<\/tr>\n
Property and equipment, net<\/span><\/td>\n\n598,549\u00a0<\/span><\/td>\n\n\n621,075\u00a0<\/span><\/td>\n<\/tr>\n
Right-of-use lease assets<\/span><\/td>\n\n453,759\u00a0<\/span><\/td>\n\n\n484,544\u00a0<\/span><\/td>\n<\/tr>\n
Goodwill<\/span><\/td>\n\n69,041\u00a0<\/span><\/td>\n\n\n69,041\u00a0<\/span><\/td>\n<\/tr>\n
Indefinite-lived intangible assets<\/span><\/td>\n\n63,801\u00a0<\/span><\/td>\n\n\n63,801\u00a0<\/span><\/td>\n<\/tr>\n
\n

Deferred tax assets, net<\/span><\/p>\n<\/td>\n

\n47,767\u00a0<\/span><\/td>\n\n\n54,072\u00a0<\/span><\/td>\n<\/tr>\n
Other non-current assets<\/span><\/td>\n\n185,731\u00a0<\/span><\/td>\n\n\n140,177\u00a0<\/span><\/td>\n<\/tr>\n
Total assets<\/span><\/td>\n\n$<\/span><\/td>\n1,957,273\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1,669,842\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
<\/tr>\n
<\/tr>\n
<\/tr>\n
<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
LIABILITIES AND EQUITY (DEFICIT)<\/span><\/td>\n\n\n\n<\/tr>\n
Current Liabilities:<\/span><\/td>\n\n\n\n<\/tr>\n
Accounts payable, accrued and other current liabilities<\/span><\/td>\n\n$<\/span><\/td>\n340,087\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n184,360\u00a0<\/span><\/td>\n<\/tr>\n
Related party payables, current<\/span><\/td>\n\n51,100\u00a0<\/span><\/td>\n\n\n23,830\u00a0<\/span><\/td>\n<\/tr>\n
Long-term debt, current<\/span><\/td>\n\n30,469\u00a0<\/span><\/td>\n\n\n30,469\u00a0<\/span><\/td>\n<\/tr>\n
Operating lease liabilities, current<\/span><\/td>\n\n44,336\u00a0<\/span><\/td>\n\n\n35,100\u00a0<\/span><\/td>\n<\/tr>\n
Deferred revenue<\/span><\/td>\n\n287,218\u00a0<\/span><\/td>\n\n\n228,642\u00a0<\/span><\/td>\n<\/tr>\n
Total current liabilities<\/span><\/td>\n\n753,210\u00a0<\/span><\/td>\n\n\n502,401\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Non-Current Liabilities:<\/span><\/td>\n\n\n\n<\/tr>\n
Long-term debt, net of deferred financing costs<\/span><\/td>\n\n547,450\u00a0<\/span><\/td>\n\n\n568,780\u00a0<\/span><\/td>\n<\/tr>\n
Operating lease liabilities, non-current<\/span><\/td>\n\n564,936\u00a0<\/span><\/td>\n\n\n566,484\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
Other non-current liabilities<\/span><\/td>\n\n43,672\u00a0<\/span><\/td>\n\n\n45,477\u00a0<\/span><\/td>\n<\/tr>\n
Total liabilities<\/span><\/td>\n\n1,909,268\u00a0<\/span><\/td>\n\n\n1,683,142\u00a0<\/span><\/td>\n<\/tr>\n
\n

Commitments and contingencies<\/span><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
Equity (deficit):<\/span><\/td>\n\n\n\n<\/tr>\n
\n

Class A Common Stock <\/span>(a)<\/span><\/p>\n<\/td>\n

\n465\u00a0<\/span><\/td>\n\n\n461\u00a0<\/span><\/td>\n<\/tr>\n
\n

Class B Common Stock <\/span>(b)<\/span><\/p>\n<\/td>\n

\n69\u00a0<\/span><\/td>\n\n\n69\u00a0<\/span><\/td>\n<\/tr>\n
Additional paid-in-capital<\/span><\/td>\n\n54,394\u00a0<\/span><\/td>\n\n\n44,843\u00a0<\/span><\/td>\n<\/tr>\n
Treasury stock at cost (6,106 and 5,483 shares as of March\u00a031, 2026 and June\u00a030, 2025, respectively)<\/span><\/td>\n\n(205,204)<\/span><\/td>\n\n\n(180,204)<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Retained earnings<\/span><\/td>\n\n229,205\u00a0<\/span><\/td>\n\n\n153,034\u00a0<\/span><\/td>\n<\/tr>\n
Accumulated other comprehensive loss<\/span><\/td>\n\n(30,924)<\/span><\/td>\n\n\n(31,503)<\/span><\/td>\n<\/tr>\n
Total equity (deficit)<\/span><\/td>\n\n48,005\u00a0<\/span><\/td>\n\n\n(13,300)<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
Total liabilities and equity (deficit)<\/span><\/td>\n\n$<\/span><\/td>\n1,957,273\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n1,669,842\u00a0<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n

_________________<\/span><\/p>\n

(a)<\/span> Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 46,526 and 46,076 shares issued as of March\u00a031, 2026 and June\u00a030, 2025, respectively.<\/span><\/p>\n

(b)<\/span> Class B Common Stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued as of March\u00a031, 2026 and June\u00a030, 2025.<\/span><\/p>\n

\n
\n

MADISON SQUARE GARDEN ENTERTAINMENT CORP.<\/span><\/p>\n<\/div>\n

SELECTED CASH FLOW INFORMATION<\/span><\/p>\n

(in thousands)<\/span><\/p>\n

(Unaudited)<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/tr>\n
\n\nNine Months Ended<\/span><\/td>\n<\/tr>\n
\n\nMarch 31,<\/span><\/td>\n<\/tr>\n
\n\n2026<\/span><\/td>\n\n2025<\/span><\/td>\n<\/tr>\n
Net cash provided by operating activities<\/span><\/td>\n\n$<\/span><\/td>\n368,053\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n142,308\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n

Net cash used in investing activities<\/span><\/p>\n<\/td>\n

\n(25,455)<\/span><\/td>\n\n\n(19,379)<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Net cash used in financing activities<\/span><\/td>\n\n(62,483)<\/span><\/td>\n\n\n(67,010)<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n\n\n\n<\/tr>\n
Net increase in cash, cash equivalents, and restricted cash<\/span><\/td>\n\n280,115\u00a0<\/span><\/td>\n\n\n55,919\u00a0<\/span><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Cash, cash equivalents, and restricted cash, beginning of period<\/span><\/td>\n\n43,538\u00a0<\/span><\/td>\n\n\n33,555\u00a0<\/span><\/td>\n<\/tr>\n
Cash, cash equivalents, and restricted cash, end of period<\/span><\/td>\n\n$<\/span><\/td>\n323,653\u00a0<\/span><\/td>\n\n\n$<\/span><\/td>\n89,474\u00a0<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.stocktitan.net \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Washington, D.C. 20549 MADISON SQUARE GARDEN ENTERTAINMENT CORP. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities […]<\/p>\n","protected":false},"author":2,"featured_media":2405845,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[470174,470173,423079,455610,358438,370190,470172,434104],"class_list":["post-2405844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-8-k-earnings","tag-adjusted-operating-income","tag-cash-flow","tag-madison-square-garden-entertainment","tag-msge","tag-operating-income","tag-q3-2026-revenue","tag-quarterly-results"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/MSG-Entertainment-posts-Q3-2026-revenue-of-246M.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2405844"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405844\/revisions"}],"predecessor-version":[{"id":2405846,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405844\/revisions\/2405846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2405845"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2405844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2405844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2405844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}