Madison Square Garden Entertainment (NYSE:MSGE) Announces Quarterly Earnings Results

Posted by Francis Steltz on Nov 5th, 2026

Madison Square Garden Entertainment (NYSE:MSGE – Get Free Report) announced its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.24, FiscalAI reports. The business had revenue of $217.13 million for the quarter, compared to analyst estimates of $208.11 million. Madison Square Garden Entertainment had a net margin of 6.24% and a return on equity of 480.83%. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.46) earnings per share.

Here are the key takeaways from Madison Square Garden Entertainment’s conference call:

Fiscal first-quarter revenue rose 37% to $217.1 million, while adjusted operating income increased $27.2 million year over year to $34.3 million. Growth was driven primarily by more concerts at Madison Square Garden and higher per-event revenue.
Management reported strong live-event demand: most concerts sold out, concert food, beverage, and merchandise spending per guest increased by a double-digit percentage, and concert sell-through for the next two quarters is ahead of last year. The company is on track for event growth in fiscal 2027, with Garden concert bookings already slightly above its goal and portfolio bookings more than 80% of the way there.
The Christmas Spectacular is scheduled for a record 231 shows, with advance ticket revenue pacing ahead of last year and more than 1.2 million guests expected. Management anticipates record production revenue, while noting that ticket inventory and pricing will be managed to maximize revenue.
MSG Entertainment expects significant underlying free cash flow in fiscal 2027 and repurchased approximately $25 million of stock during the quarter. The company said cash flow will be partly offset by interest, taxes, capital spending, and working-capital timing.
Management expects fewer family and performing-arts shows than initially planned, but anticipates more marquee sports events and improved special-event economics. Garden concerts are pacing down in the second half, which management attributed to event timing, while theater concerts are pacing up.

Madison Square Garden Entertainment Stock Down 3.6%

Madison Square Garden Entertainment stock traded down $2.84 during trading on Thursday, reaching $75.89. 242,455 shares of the company’s stock were exchanged, compared to its average volume of 410,674. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 54.99 and a beta of 0.56. The company has a debt-to-equity ratio of 11.80, a quick ratio of 0.70 and a current ratio of 0.70. Madison Square Garden Entertainment has a 52-week low of $43.33 and a 52-week high of $90.41. The company’s 50-day moving average is $79.20 and its two-hundred day moving average is $70.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MSGE shares. Susquehanna raised their target price on Madison Square Garden Entertainment from $92.00 to $93.00 and gave the company a “positive” rating in a report on Thursday. Piper Sandler began coverage on shares of Madison Square Garden Entertainment in a report on Thursday, August 20th. They set a “neutral” rating and a $86.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Madison Square Garden Entertainment from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. BTIG Research boosted their price target on Madison Square Garden Entertainment from $86.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Madison Square Garden Entertainment in a research note on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Madison Square Garden Entertainment has a consensus rating of “Hold” and a consensus price target of $90.38.

View Our Latest Report on Madison Square Garden Entertainment

Key Madison Square Garden Entertainment News

Here are the key news stories impacting Madison Square Garden Entertainment this week:

Positive Sentiment: Fiscal Q1 revenue rose 37.2% year over year to $217.1 million, exceeding estimates of about $208.1 million. Adjusted earnings were $0.19 per share, versus analyst expectations for a loss, and improved from a $0.46-per-share loss a year earlier. Company earnings release
Positive Sentiment: Susquehanna raised its price target from $92 to $93 and maintained a positive rating, implying 23.1% upside from the cited $75.53 reference price. Susquehanna rating information
Positive Sentiment: The company repurchased $25 million of Class A shares during the quarter, providing a potential support to per-share value. Quarterly takeaways
Positive Sentiment: MSG Entertainment expects more than 1.2 million guests for its Christmas Spectacular and plans 231 performances in fiscal 2027, pointing to a substantial upcoming event slate. Christmas Spectacular plans
Neutral Sentiment: The provided reports offer no specific adverse news explaining the stock’s weakness; broader market conditions or trading factors are possible but are not established by these articles.

About Madison Square Garden Entertainment

(Get Free Report)

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a live entertainment company that owns, operates and manages prominent entertainment venues and produces live events. Its portfolio includes Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, as well as the Hulu Theater at Madison Square Garden.

The company presents and promotes concerts, family entertainment, comedy shows, sporting events and other special events. It also produces the annual Christmas Spectacular Starring the Radio City Rockettes and supports a range of entertainment experiences through its venue operations, booking activities and event-related services.

Madison Square Garden Entertainment primarily serves audiences in the United States, with a concentration in New York City and Chicago.