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

• Market Cap: $2.87B
• Dividend Yield: N/A
• Average Volume (3M): 337.10K
• Price to Earnings (P/E): 86.6
• Beta (1Y): 1.07
• Revenue Growth: 0.68%
• EPS Growth: -80.73%
• Country: US
• Employees: 1,200
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): -0.46
• Shares Outstanding: 40,364,952
• 10 Day Avg. Volume: 268,618
• 30 Day Avg. Volume: 337,104
• PEG Ratio: -0.69
• Price to Book (P/B): -144.35
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 20.63
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 1.51
• Enterprise Value/Gross Profit: 3.27
• Enterprise Value/Ebitda: 8.51
• 1Y Price Target: $61.33
• Price Target Upside: 1.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $61.00 ▲(0.56% Upside)

Madison Square Garden Entertainment Corp. receives a score of 64, driven by strong technical momentum and positive earnings call highlights. However, the high P/E ratio and challenges in profitability weigh on the overall score. The company's robust cash flow and stable balance sheet provide a solid foundation, but improvements in profitability and valuation are needed for a higher score.

Positive Factors

Cash generation

Exceptional free cash flow growth indicates the business consistently converts operations into cash, providing durable funds for capital expenditure, programming, debt servicing and buybacks. Strong FCF ratios (FCF/net income 1.13 TTM) enhance financial flexibility over the medium term.

Iconic venue portfolio

Control of premier, hard-to-replicate NYC venues and major sports franchises creates a durable competitive moat, enabling premium pricing, steady sponsorship demand and diversified revenue streams (ticketing, concessions, sponsorships, media). This elevates long-term cash flow resilience.

Sustained live demand

Record concert bookings and high sell-through demonstrate persistent consumer demand for live experiences, supporting pricing power and venue utilization. Combined with scaled seasonal shows, this demand base improves multi-quarter revenue visibility and lowers reliance on single-event outcomes.

Negative Factors

Negative profitability

Negative net margins despite healthy gross margins and decent EBITDA indicate challenges in converting operating efficiency into bottom-line profits. Persistent net losses undermine ROE and long-term shareholder returns absent sustained expense control or revenue mix improvements.

Expense and impairment risk

A material noncash impairment and rising SG&A highlight asset revaluation and cost-pressure risks that can recur and compress adjusted earnings. Such charges signal potential overcapacity or misallocated assets and reduce the reliability of reported operating profitability over time.

Booking visibility and seasonality

Heavily lumpy revenue tied to advance bookings and long lead times creates structural volatility in revenue and utilization. Weak near-term theater bookings reduce forward visibility and can materially impact full-year revenue and margin pacing if demand shifts persist.

Madison Square Garden Entertainment Corp. Business Overview & Revenue Model

Company Description

Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.

How the Company Makes Money

Madison Square Garden Entertainment Corp. generates revenue through multiple streams. The primary sources of income include ticket sales from live events, which encompass concerts, sports games, and other performances held at its venues. Additionally, the company earns significant revenue from sponsorships and advertising, leveraging its high-profile venues and events to attract corporate partners. Concessions and merchandise sales during events also contribute to its financial performance. Furthermore, MSGE benefits from its ownership of sports franchises, which includes broadcasting rights and league revenues. Partnerships with media networks and digital platforms enhance its reach and revenue potential, while the company continues to explore opportunities for growth through new events and enhanced customer experiences.

Madison Square Garden Entertainment Corp. Financial Statement Overview

Summary

Madison Square Garden Entertainment Corp. shows a mixed financial performance. The company demonstrates strong cash flow generation and a stable balance sheet with low leverage. However, challenges in achieving profitability and generating returns for shareholders are evident, with a negative net profit margin and return on equity.

Income Statement

Madison Square Garden Entertainment Corp. shows a mixed performance in its income statement. The TTM gross profit margin is healthy at 42.39%, indicating efficient cost management. However, the net profit margin is negative at -4.62%, reflecting challenges in achieving profitability. Revenue growth is modest at 2.07% TTM, suggesting stable but slow growth. The EBIT margin of 10.97% and EBITDA margin of 17.00% TTM indicate decent operational efficiency, though there is room for improvement in profitability.

Balance Sheet

The balance sheet reveals a stable financial position with a low debt-to-equity ratio of 0.10 TTM, indicating low leverage. However, the return on equity is negative at -8.22% TTM, highlighting inefficiencies in generating returns for shareholders. The equity ratio stands at 52.06% TTM, suggesting a balanced capital structure, but the negative ROE is a concern for long-term value creation.

Cash Flow

The cash flow statement is a strong point for the company, with a significant free cash flow growth rate of 1030.04% TTM, indicating robust cash generation capabilities. The operating cash flow to net income ratio of 0.25 TTM and free cash flow to net income ratio of 1.13 TTM suggest effective cash flow management, despite the negative net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	962.28M	942.73M	959.26M	851.50M	653.49M	81.81M
Gross Profit	445.11M	407.09M	412.22M	351.57M	258.70M	5.96M
EBITDA	170.88M	173.84M	180.02M	202.91M	69.90M	-151.28M
Net Income	35.10M	37.43M	144.30M	76.60M	-133.34M	-218.61M
Balance Sheet
Total Assets	1.68B	1.67B	1.55B	1.40B	1.53B	1.70B
Cash, Cash Equivalents and Short-Term Investments	29.95M	43.02M	33.26M	76.09M	58.10M	317.82M
Total Debt	1.22B	1.20B	1.07B	902.92M	956.79M	735.92M
Total Liabilities	1.75B	1.68B	1.58B	1.47B	1.53B	1.20B
Stockholders Equity	-65.80M	-13.30M	-23.16M	-69.47M	-1.48M	495.90M
Cash Flow
Free Cash Flow	140.19M	93.08M	87.08M	120.51M	79.55M	-158.43M
Operating Cash Flow	162.46M	115.30M	111.27M	135.69M	95.35M	-148.12M
Investing Cash Flow	-23.80M	-23.69M	-62.37M	30.30M	45.44M	-10.34M
Financing Cash Flow	-145.81M	-81.62M	-99.69M	-144.22M	-396.29M	473.49M

Madison Square Garden Entertainment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 60.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSGE, the sentiment is Positive. The current price of 60.66 is above the 20-day moving average (MA) of 54.44, above the 50-day MA of 51.14, and above the 200-day MA of 41.99, indicating a bullish trend. The MACD of 1.93 indicates Negative momentum. The RSI at 82.41 is Negative, neither overbought nor oversold. The STOCH value of 95.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	76 Outperform	$1.89B	49.04	12.38%	―	9.30%	67.19%
SPHR	66 Neutral	$3.47B	-32.86	-4.46%	―	24.54%	-119.75%
MSGE	64 Neutral	$2.87B	86.56	―	―	0.68%	-80.73%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LION	52 Neutral	$2.60B	-12.95	―	―	97.19%	-21.46%
IQ	51 Neutral	$1.95B	-35.69	-2.91%	―	-10.68%	-127.54%
AMC	46 Neutral	$795.06M	-1.10	―	―	9.74%	12.29%

Madison Square Garden Entertainment Corp. Corporate Events

Madison Square Garden Entertainment Holds Annual Stockholders Meeting

On December 10, 2025, Madison Square Garden Entertainment Corp. held its annual meeting of stockholders, where Class A and Class B stockholders elected directors to the Board and voted on key proposals. The Class A stockholders elected three directors, while the Class B stockholders elected nine directors. Additionally, both classes ratified the appointment of the independent registered public accounting firm for the 2026 fiscal year and approved the compensation of the Company’s named executive officers in an advisory vote.

The most recent analyst rating on (MSGE) stock is a Buy with a $61.00 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 Appoints New Senior VP

Madison Square Garden Entertainment Corp. has appointed Alexander Shvartsman as Senior Vice President, Controller & Principal Accounting Officer, effective November 24, 2025. Shvartsman, who previously held similar roles at MSG Sports, will receive an annual base salary of at least $500,000 and be eligible for bonuses and long-term incentives. His employment agreement includes provisions for severance and benefits in case of termination under specific conditions, highlighting the company’s commitment to securing experienced leadership.

The most recent analyst rating on (MSGE) stock is a Hold with a $53.00 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 Exec Departure Announced

On November 7, 2025, Madison Square Garden Entertainment Corp. announced the departure of Layth Taki, the Senior Vice President, Controller & Principal Accounting Officer, effective November 14, 2025. His departure is not due to any disagreements over accounting practices or financial disclosures. David J. Collins, the Executive Vice President and Chief Financial Officer, will temporarily assume Taki’s responsibilities until a replacement is found.

The most recent analyst rating on (MSGE) stock is a Hold with a $53.00 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 EVP Laura Franco to Depart

On October 21, 2025, Madison Square Garden Entertainment Corp. announced that Laura Franco, the Executive Vice President and General Counsel, will be leaving the company effective October 31, 2025. Ms. Franco will receive severance benefits as per her employment agreement.

The most recent analyst rating on (MSGE) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.