Inferra AI / Company / MSGE
Madison Square Garden Entertainment Corp.
MSGE · Consumer Discretionary
Last earnings Aug 12, 2026
Key results
Revenuequarter
$942.7 million
For fiscal 2025, the Company reported revenues of $942.7 million, a decrease of $16.5 million, or 2%, as compared to the prior year.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
Operating incomequarter
$122.1 million
In addition, the Company reported operating income of $122.1 million, an increase of $10.2 million, or 9%, and adjusted operating income of $222.5 million, an increase of $11.0 million, or 5%, both as compared to the prior year.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
Adjusted operating incomequarter
$222.5 million
In addition, the Company reported operating income of $122.1 million, an increase of $10.2 million, or 9%, and adjusted operating income of $222.5 million, an increase of $11.0 million, or 5%, both as compared to the prior year.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
(1) For the fiscal 2025 fourth quarter, the Company reported revenues of $154.1 million, a decrease of $31.9 million, or 17%, as compared to the prior year quarter.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
1 Entertainment Offerings, Arena License Fees and Other Leasing Fiscal 2025 fourth quarter revenues from entertainment offerings of $118.7 million decreased $24.1 million, or 17%, as compared to the prior year quarter, primarily due to lower event-related revenues and a decrease in revenues subject to the sharing of economics with Madison Square Garden Sports Corp.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
revenues of $9.0 million increased $0.5 million, or 6%, as compared to the prior year quarter, primarily due to an increase in other leasing revenues
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
Food, Beverage and Merchandise Fiscal 2025 fourth quarter food, beverage and merchandise revenues of $26.4 million decreased $8.3 million, or 24%, as compared to the prior year quarter.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
operating income decreased $14.4 million to an adjusted operating loss of $1.3 million, both as compared to the prior year quarter, primarily due to the decrease in revenues and, to a lesser extent, higher selling, general and administrative expenses, partially offset by lower direct operating expenses.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
AI analysis
Q4 FY2025 · reported Aug 13, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q4 FY2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $942.7 million | — | — |
| Operating income | $122.1 million | — | — |
| Adjusted operating income | $222.5 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
In addition, the Company repurchased approximately $40 million of its Class A common stock during fiscal 2025.
Up to $ 25,000 of the National Properties Revolving Credit Facility is available for the issuance of letters of credit.
Event summary
REPORTS FISCAL 2025 FOURTH QUARTER AND FULL YEAR RESULTS NEW
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
In addition, the Company repurchased approximately $40 million of its Class A common stock during fiscal 2025.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
Up to $ 25,000 of the National Properties Revolving Credit Facility is available for the issuance of letters of credit.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
As of March 31, 2026, outstanding letters of credit were $ 18,169 and the remaining balance available under the National Properties Revolving Credit Facility was $ 131,831 .
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
Proceeds of the National Properties Revolving Credit Facility may be used to fund working capital needs, for general corporate purposes of MSG National Properties and its subsidiaries and to make distributions to MSG Entertainment Holdings.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
Borrowings under the National Properties Facilities bear interest at a floating rate, which at the option of MSG National Properties may be either (a) Term Secured Overnight Financing Rate ( Term SOFR ) plus an applicable margin ranging from 1.75 % to 2.50 % per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries, or (b) a base rate plus an applicable margin ranging from 0.75 % to 1.50 % per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
The National Properties Credit Agreement requires MSG National Properties to pay a commitment fee ranging from 0.20 % to 0.30 % in respect of the daily unused commitments under the National Properties Revolving Credit Facility.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
Strategy & priorities
Key factors considered by the Company in developing an estimated standalone selling price for its performance obligations include, but are not limited to, prices charged for similar performance obligations, the Company s ongoing pricing strategy and policies, and consideration of pricing of similar performance obligations sold in other arrangements with multiple performance obligations.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
Risks & headwinds
Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the factors described in the Company s filings with the Securities and Exchange Commission, including the sections titled Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations contained therein.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
This adjustment eliminates costs related to mergers, spin-offs and acquisitions, including merger-related litigation expenses.
SEC original ↗Madison Square Garden Entertainment Corp. — Earnings release (8-K exhibit)EX-99Aug 13, 2025
Legal Proceedings 35 Item 2.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
In addition, estimates are used in revenue recognition, depreciation and amortization, litigation matters and other matters.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued) Legal Matters The Company is a defendant in various lawsuits.
SEC original ↗Madison Square Garden Entertainment Corp. — 10-Q Quarterly report10-QMay 7, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
9 documentsPresentations
0 documentsNo presentations for Madison Square Garden Entertainment Corp. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Madison Square Garden Entertainment Corp. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.