Madison Square Garden Entertainment Corp. (MSGE) AI Stock Analysis

• Market Cap: $1.72B
• Dividend Yield: N/A
• Average Volume (3M): 298.30K
• Price to Earnings (P/E): 48.0
• Beta (1Y): 0.99
• Revenue Growth: -1.72%
• EPS Growth: -75.17%
• Country: US
• Employees: 1,200
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Entertainment
• EPS (TTM): -0.57
• Shares Outstanding: 40,593,105
• 10 Day Avg. Volume: 346,412
• 30 Day Avg. Volume: 298,295
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.77
• Enterprise Value/Revenue: 3.25
• Enterprise Value/Gross Profit: 7.81
• Enterprise Value/Ebitda: 17.60
• 1Y Price Target: $43.80
• Price Target Upside: 18.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 52 Neutral
• Price Target: $37.00 ▲(0.46% Upside)

The overall stock score of 52 reflects significant financial challenges, including negative equity and high leverage, which weigh heavily on the company's outlook. While the earnings call provided some positive insights into revenue growth and future bookings, the technical indicators and valuation suggest caution. The company's ability to address its financial weaknesses will be crucial for improving its stock performance.

Positive Factors

Concert bookings

Stronger concert bookings as management is 80% to its Garden booking goal and 2/3 to theaters goal, expecting a record concert quarter at the Garden in F1Q and overall return to Garden concert growth.

Future outlook

The outlook for FY26 appears strong and the company is also in 'late planning stages' for a potential new residency artist for summer 2026.

Market position

MSGE’s solid market position should continue to help the company benefit from still solid supply and strong demand trends for live music and entertainment events.

Negative Factors

Growth variability

Results for F4Q and FY25 at MSGE provided evidence that operating a smaller venue portfolio heightens growth variability compared to larger, diversified portfolios.

Inconsistent performance

Concert performance has been inconsistent and lagged the overall industry.

Revenue performance

MSGE reported lower than forecast revenue and AOI in F4Q25 as difficult concert comps weighed on results, with the number of concerts and revenue per-concert both down Y/Y at The Garden.

Madison Square Garden Entertainment Corp. Business Overview & Revenue Model

Company Description

Madison Square Garden Entertainment Corp. (MSGE) is a premier live entertainment company known for its iconic venues and diverse entertainment offerings. The company operates some of the most celebrated venues in the world, including Madison Square Garden, Radio City Music Hall, and the Beacon Theatre. MSGE hosts a wide range of events, from concerts and theatrical productions to sports events and family shows, attracting millions of visitors each year. Its core services include venue management, event production, and ticket sales, making it a leader in the live entertainment industry.

How the Company Makes Money

Madison Square Garden Entertainment Corp. generates revenue through multiple streams, primarily focused on live events and venue operations. Key revenue streams include ticket sales for concerts, sports, and other live events, which are facilitated through partnerships with event promoters and sports leagues. The company also earns significant income from sponsorships and advertising, leveraging its venues' high-profile nature and large audiences. Additionally, MSGE benefits from premium seating and hospitality offerings, such as suites and VIP experiences, which provide enhanced fan experiences at a premium price. Venue rentals for private events and corporate functions also contribute to the company's earnings. Furthermore, MSGE capitalizes on its brand and venue names through licensing and merchandising opportunities, adding another layer to its revenue model.

Madison Square Garden Entertainment Corp. Financial Statement Overview

Summary

Madison Square Garden Entertainment Corp. faces significant financial challenges, with declining revenue growth and negative equity. While cash flow generation remains relatively strong, the high leverage and negative equity position pose substantial risks. The company needs to address these financial weaknesses to improve its overall financial health.

Income Statement

The company has experienced a decline in revenue growth, with a negative growth rate of -2.81% in the most recent year. Gross profit margin and net profit margin have also decreased over time, indicating challenges in maintaining profitability. However, the company has shown some ability to generate EBIT and EBITDA, though margins have been inconsistent.

Balance Sheet

The balance sheet reveals a concerning negative stockholders' equity, leading to an undefined debt-to-equity ratio. This indicates potential financial instability and high leverage. The return on equity is also negative, reflecting challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis shows a slight decline in free cash flow growth, but the company maintains a positive operating cash flow. The free cash flow to net income ratio is strong at 1.0, indicating efficient cash generation relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	942.73M	942.73M	959.26M	851.50M	653.49M	81.81M
Gross Profit	391.66M	349.32M	336.55M	351.57M	233.68M	-14.42M
EBITDA	173.84M	173.84M	164.12M	202.91M	-1.91M	-103.19M
Net Income	37.43M	37.43M	144.30M	76.60M	-133.34M	-219.31M
Balance Sheet
Total Assets	4.20B	1.67B	1.55B	1.40B	1.53B	1.70B
Cash, Cash Equivalents and Short-Term Investments	368.93M	43.54M	33.26M	76.09M	58.10M	317.82M
Total Debt	188.08M	632.05M	1.07B	902.92M	956.79M	735.92M
Total Liabilities	1.89B	1.68B	1.58B	1.47B	1.53B	1.20B
Stockholders Equity	2.31B	-13.30M	-23.16M	-69.47M	-1.48M	495.90M
Cash Flow
Free Cash Flow	17.60M	115.30M	87.08M	120.51M	79.55M	-158.43M
Operating Cash Flow	32.79M	115.30M	111.27M	135.69M	95.35M	-148.12M
Investing Cash Flow	159.00K	-23.69M	-62.37M	30.30M	45.44M	-10.34M
Financing Cash Flow	-158.61M	-81.62M	-99.69M	-144.22M	-396.29M	473.49M

Madison Square Garden Entertainment Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 36.83
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSGE, the sentiment is Negative. The current price of 36.83 is below the 20-day moving average (MA) of 38.59, below the 50-day MA of 38.80, and above the 200-day MA of 36.18, indicating a neutral trend. The MACD of -0.47 indicates Positive momentum. The RSI at 41.88 is Neutral, neither overbought nor oversold. The STOCH value of 25.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSGE.

Madison Square Garden Entertainment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMAX	72 Outperform	$1.38B	42.15	11.16%	―	1.25%	55.54%
IQ	65 Neutral	$1.84B	47.49	2.21%	―	-10.05%	-85.30%
Sector *	63 Neutral	£1.74B	10.54	4.37%	3.49%	0.66%	-39.52%
SPHR	58 Neutral	$1.42B	―	-2.03%	―	25.25%	-106.76%
MSGE	52 Neutral	$1.72B	48.04	1222.83%	―	-1.72%	-75.17%

Madison Square Garden Entertainment Corp. Corporate Events

Madison Square Garden Entertainment Refinances Credit Agreement

On June 27, 2025, MSG National Properties, a subsidiary of Madison Square Garden Entertainment Corp., entered into an amendment to its credit agreement, resulting in the refinancing of its term loans and revolving credit commitments. The new credit facilities, totaling $759,375,000, include financial covenants and are secured by certain assets, excluding interests in The Madison Square Garden Arena and other key properties. This strategic financial restructuring aims to optimize the company’s debt management and operational flexibility, potentially impacting its financial stability and stakeholder interests.

The most recent analyst rating on (MSGE) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.

Madison Square Garden Approves Redomestication to Nevada

On June 9, 2025, Madison Square Garden Entertainment Corp. held a Special Meeting where stockholders voted on a proposal to redomesticate the company from Delaware to Nevada. The proposal was approved by both Class A and Class B stockholders, with a significant majority voting in favor of the move.

The most recent analyst rating on (MSGE) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.