Modest Revenue Growth
Reported Q3 revenue of $246.3M, up 2% year-over-year, driven by growth in entertainment offerings (including suite license fees) and higher number of concerts at the Garden.
Strong Cash Position and Capital Return Flexibility
Unrestricted cash of $323M as of March 31, up from $157M as of Dec 31 (increase of ~$166M, ~106%); fiscal YTD share repurchases of ~623,000 shares for $25M with ~$45M remaining under the current buyback authorization.
Robust Concert Momentum and Forward Bookings
Major increase in concerts at Madison Square Garden with most concerts selling out, F&B per caps at concerts up, sell-through for upcoming concerts pacing ahead of last year, and strong early bookings for fiscal '27 (including Harry Styles 30-night residency, Bon Jovi 9-show, Fish 5-show, Joe Hisaishi 7-night and extensions at Beacon). Company expects to shatter the record for number of concerts in any quarter at the Garden.
Christmas Spectacular Performance
92nd holiday season generated approximately $195M in total revenues across 215 paid performances; Q3 included 16 shows with year-over-year growth in per-show ticketing revenue. 230 shows are on sale for the 2026 season, a ~7% increase in show count year-over-year.
Strong Attendance and Diverse Event Slate
Venues welcomed over 1.4 million guests across more than 165 events in the quarter, including concerts, family shows, college basketball, boxing, PBR and WWE, demonstrating breadth and diversification of demand.