Madison Square Garden Entertainment Corp. Earnings Recaps
Q4 2026
Aug 14, 2026
Shares gained 6.2% as the company delivered solid top-line growth driven by a concert surge and Knicks playoff momentum, supporting optimism for continued revenue and adjusted operating income expansion in fiscal 27.
Key takeaways
- Fiscal 26 full-year revenues surpassed $1 billion, rising 13%, with adjusted operating income up 18% to $262 million.
- Fourth quarter revenues increased 27% year-over-year to $196.3 million, led by a doubling of concert events at Madison Square Garden and strong consumer demand.
- Adjusted operating income turned positive in Q4 at $18.6 million, improving by $19.9 million versus a prior year loss of $1.3 million, despite higher operating and SG&A expenses.
- Knicks’ NBA championship run drove meaningful growth in shared revenue streams including merchandise, food & beverage, and suites.
- Strategic initiatives include suite renovations to enhance premium hospitality revenues and a potential Infosys Theater transfer tied to the Penn Station redevelopment, pending final agreements.
Q2 2026
Feb 3, 2026
Madison Square Garden Entertainment Corp. reported robust fiscal Q2 2026 revenues of $460 million, with adjusted operating income of $190 million, driven by record performances and strategic growth across its business segments.
Key takeaways
- Revenues increased 13% year-over-year with a strong contribution from the Christmas Spectacular, generating approximately $195 million for the season.
- Total attendance reached 2.9 million guests across over 475 events, marking the highest attendance for the Christmas Spectacular in 25 years.
- Significant growth was seen in marketing partnerships, including multiyear renewals and expanded agreements with Anheuser-Busch and Infosys.
- Premium hospitality sales continue to thrive, showing strong new sales and renewals for suites at Madison Square Garden.
- Looking ahead, the company anticipates continued momentum with a robust schedule of events, including a 30-night Harry Styles residency launching in August.
Q4 2025
Aug 13, 2025
Madison Square Garden Entertainment Corp. reported a solid fiscal 2025, achieving revenues of $942.7 million and a 5% increase in adjusted operating income, despite a challenging fourth quarter that experienced a 17% revenue decline.
Key takeaways
- Full-year revenues reached $942.7 million with adjusted operating income of $222.5 million.
- Hosted nearly 6 million guests at over 975 live events, with strong attendance at special events and family shows.
- Landmark revenue achievement of over $170 million from the Christmas Spectacular, selling 1.1 million tickets across 200 performances.
- Increased share revenue from the Knicks and Rangers, indicating strong growth potential in fiscal 2026 despite fewer home games.
- Strategic focus on expanding premium hospitality offerings, with renovations driving incremental revenue increases.