Strong Start to Fiscal 2026
MSG Entertainment reported a strong start with broad-based strength across the business, particularly in bookings and the Christmas Spectacular season.
Record Concert Bookings
The Garden set a new record for the number of concerts in any quarter, with the majority of concerts sold out, indicating strong consumer demand.
Increase in Revenues
Revenues for the fiscal '26 first quarter were $158.3 million, an increase of 14% versus the prior year quarter, driven by entertainment offerings and higher food, beverage, and merchandise revenues.
Positive Momentum in Christmas Spectacular
The Christmas Spectacular is set to host over 1 million guests with advanced ticket revenues pacing up double digits compared to last year. The show count increased to 215 from 200 last year.
Share Repurchase and Strong Balance Sheet
Approximately $25 million of Class A common stock was repurchased, and the company maintains a strong balance sheet with a net debt leverage of approximately 2.6x.