The earnings call presented a mixed picture with strong full-year results and strategic achievements in sponsorships and the Christmas Spectacular, but faced challenges with a drop in fourth quarter revenues and a decrease in concert events at the Garden.

Company Guidance

During the Madison Square Garden Entertainment Corp.'s fiscal 2025 fourth-quarter earnings call, the company provided guidance for fiscal 2026, highlighting several key metrics. The company reported full-year revenues of $942.7 million and an adjusted operating income (AOI) of $222.5 million, marking a 5% year-over-year increase. MSG Entertainment hosted nearly 6 million guests at over 975 live events in fiscal 2025 and aims to increase the number of events in fiscal 2026, with a particular focus on concerts, special events, and sports. The Christmas Spectacular production set a record with over $170 million in revenue from 200 performances and plans to increase to 211 shows for the 2025 holiday season. The fiscal fourth quarter saw revenues of $154.1 million, a 17% decrease from the previous year, primarily due to fewer concerts at the Garden. However, there was an increase in food and beverage per capita spending at concerts at the Garden. MSG Entertainment also highlighted plans to enhance its premium hospitality business and leverage marketing partnerships to drive growth. The company anticipates modest AOI margin expansion despite higher SG&A expenses, with a continued focus on capital returns, including $70 million remaining under the current share repurchase authorization.

Strong Full Year Financial Performance

Full year revenues reached $942.7 million, with adjusted operating income of $222.5 million, marking a 5% increase year-over-year.

Record Breaking Christmas Spectacular

The Christmas Spectacular sold approximately 1.1 million tickets and generated over $170 million in revenue, setting a new record for the production's 91st season.

Successful Sponsorship and Partnership Efforts

Welcomed new partners including Lenovo, Motorola, and the Department of Culture and Tourism Abu Dhabi, with renewals from Verizon and Pepsi.

Share Repurchase Program

Repurchased approximately $40 million of Class A common stock, with $70 million remaining under current authorization.

Madison Square Garden Entertainment Corp. (MSGE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MSGE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q1)	-0.56 / -	-0.4	―	―	―
Aug 13, 2025	2025 (Q4)	-0.39 / -0.57	1.41	-140.43% (-1.98)
May 06, 2025	2025 (Q3)	0.27 / 0.17	0.06	183.33% (+0.11)
Feb 06, 2025	2025 (Q2)	2.19 / 1.56	2.59	-39.77% (-1.03)
Nov 08, 2024	2025 (Q1)	-0.79 / -0.40	-1	60.00% (+0.60)
Aug 16, 2024	2024 (Q4)	-0.53 / 1.41	-0.47	400.00% (+1.88)
May 09, 2024	2024 (Q3)	0.11 / 0.06	0.42	-85.71% (-0.36)
Feb 07, 2024	2024 (Q2)	1.93 / 2.59	1.969	31.54% (+0.62)
Nov 07, 2023	2024 (Q1)	-0.47 / -1.00	-0.346	-189.02% (-0.65)
Aug 18, 2023	2023 (Q4)	-0.63 / -0.47	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MSGE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$40.22	$36.79	-8.53%
May 06, 2025	$33.97	$35.60	+4.80%
Feb 06, 2025	$35.87	$35.75	-0.33%
Nov 08, 2024	$43.08	$39.15	-9.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Madison Square Garden Entertainment Corp. (MSGE) report earnings?

Madison Square Garden Entertainment Corp. (MSGE) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Madison Square Garden Entertainment Corp. (MSGE) earnings time?

Madison Square Garden Entertainment Corp. (MSGE) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MSGE EPS forecast?

MSGE EPS forecast for the fiscal quarter 2026 (Q1) is -0.56.

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