MSGE

The most recent earnings report from Madison Square Garden Entertainment Corp. (NYSE:MSGE) was disappointing for shareholders. However, our analysis suggests that the soft headline numbers are getting counterbalanced by some positive underlying factors. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Madison Square Garden Entertainment has an accrual ratio of -0.64 for the year to March 2026. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. In fact, it had free cash flow of US$313m in the last year, which was a lot more than its statutory profit of US$49.0m. Madison Square Garden Entertainment's free cash flow improved over the last year, which is generally good to see. However, that's not all there is to consider. The accrual ratio is reflecting the impact of unusual items on statutory profit, at least in part. Check out our latest analysis for Madison Square Garden Entertainment That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Madison Square Garden Entertainment's profit was reduced by unusual items worth US$33m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. In a scenario where those unusual items included non-cash charges, we'd expect to see a strong accrual ratio, which is exactly what has happened in this case. It's never great to see unusual...

Interested in Madison Square Garden Entertainment Corp.? Here are five stocks we like better. Revenue rose 2% year over year to $246.3 million in fiscal Q3, helped by stronger concert activity at Madison Square Garden, higher suite and marketing partnership revenue, and the final performances of the Christmas Spectacular. However, adjusted operating income fell to $46 million as costs increased. Concert demand remains very strong, with more than 165 events and 1.4 million guests across venues in the quarter, and the company expects a much bigger concert slate at The Garden in fiscal Q4, including Harry Styles’ 30-night residency. Management said it is on track for a record quarter for concerts at the venue. The Christmas Spectacular posted a record season, generating about $195 million across 215 paid performances, and sales for the next holiday season are already open. MSG Entertainment says the show still has room for growth through more performances and higher ticket prices. Madison Square Garden Entertainment (NYSE:MSGE) reported higher fiscal third-quarter revenue, supported by concert activity at Madison Square Garden, growth in suites and marketing partnerships, and the final performances of the latest Christmas Spectacular season, while adjusted operating income declined on higher costs. David Collins, executive vice president and chief financial officer, said demand for the company’s live entertainment offerings “remains strong” as MSG Entertainment enters the final stretch of fiscal 2026. For the quarter, the company generated revenue of $246.3 million, up 2% from the prior-year period, and adjusted operating income of $46 million, down $12 million year over year. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum Collins said the company expects to end fiscal 2026 on a positive note, driven by a “significant increase” in concerts at The Garden in the fiscal fourth quarter compared with last year. He added that the company remains on track to deliver “robust full-year growth” in revenue and adjusted operating income. During the fiscal third quarter, MSG Entertainment’s venues hosted more than 165 events and welcomed over 1.4 million guests. Collins said the quarter included a year-over-year increase in concerts at The Garden, highlighted by several multi-night runs, though that was partially offset by fewer concerts across the company...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Madison Square Garden Entertainment (MSGE) drew fresh attention after reporting Q3 2026 results, with revenue of US$246.26 million, net income of US$5.11 million, and earnings per share of US$0.11 from continuing operations. See our latest analysis for Madison Square Garden Entertainment. Despite the mixed Q3 earnings, MSGE’s 1-month share price return of 10.2% and year to date share price return of 22.8% suggest building momentum. At the same time, the 1-year total shareholder return of 84.8% and 3-year total shareholder return of 132.1% point to a strong longer term payoff profile relative to recent price moves. If strong demand for live events has you thinking about where else growth stories might emerge, this is a good moment to broaden your search with the 18 top founder-led companies With MSGE trading at US$66.74 and sitting at roughly an 8% discount to one estimate of intrinsic value, the key question is whether recent gains still leave upside on the table or if the market is already pricing in future growth. With Madison Square Garden Entertainment trading at $66.74 against a narrative fair value of $69.13, the current setup hinges on how far premium live events and sponsorship economics can stretch earnings over time. Read the complete narrative. Want to see what is built into that optimism? The narrative leans on higher profitability, richer per-guest spending, and a future earnings profile that assumes consistent demand for premium in person experiences. Result: Fair Value of $69.13 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story could shift quickly if concert volumes at key venues fall short or if high operating leverage significantly magnifies even modest revenue softness. Find out about the key risks to this Madison Square Garden Entertainment narrative. While the narrative model suggests MSGE is about 3.5% undervalued, the P/E picture looks much tougher. The stock trades on a 64.4x P/E, more than double the fair ratio of 31.4x, and well above both the US Entertainment industry at 27.8x and peers at 31x. That sort of gap can mean a lot more valuation risk if expectations slip even slightly, so it is worth considering how comfortable you are with paying that kind of premium...

Performance was underpinned by record-setting Christmas Spectacular results, which generated approximately $195 million in total revenue across 215 performances. Management attributed revenue growth to continued momentum in the concert business at Madison Square Garden, alongside expansion in marketing partnerships and suite license fees. Operational results reflected a strategic shift in event mix, with higher-margin multi-night runs at the Garden offsetting a decrease in concert volume across the company's theater portfolio. The company reported strong consumer demand with the vast majority of concerts selling out, supported by increased food and beverage per capita spending despite a decline in merchandise per caps. Growth in the marketing partnerships and premium hospitality segments remains on track, driven by new sponsorship announcements and robust renewal activity for Garden suites. Management noted that while theater bookings were lower this quarter, the overall breadth of events—including sports, family shows, and special events—maintained high venue utilization. Fiscal fourth quarter guidance assumes a significant year-over-year increase in concert bookings at the Garden, including successful scheduling during the Knicks and Rangers playoff windows. Management expects fiscal 2027 momentum to be driven by high-profile residencies, specifically citing a 30-night Harry Styles run at the Garden, while also noting a 9-show Bon Jovi residency scheduled for this summer. The Christmas Spectacular is positioned for growth in the 2026 holiday season (fiscal 2027) with 230 shows currently on sale, representing a mid-single-digit percentage increase in show count over the 215 shows performed in the prior season. The company anticipates SG&A expense growth will normalize in the June quarter and into fiscal 2027 as the impact of elevated labor and health care costs begins to stabilize. Strategic focus remains on expanding the residency model to create a recurring base of business and increase long-term visibility into the venue calendar. Adjusted operating income was pressured by several million dollars in unanticipated costs related to higher health care benefit expenses and increased claims activity. The quarter faced a difficult year-over-year comparison due to the absence of the prior year's high-margin Saturday Night Live 50th anniversary special. Manageme...

Madison Square Garden Entertainment (MSGE) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +75.44%. A quarter ago, it was expected that this live entertainment company would post earnings of $2.35 per share when it actually produced earnings of $1.94, delivering a surprise of -17.45%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. MSG Entertainment, which belongs to the Zacks Media Conglomerates industry, posted revenues of $246.26 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $242.46 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MSG Entertainment shares have added about 24.2% since the beginning of the year versus the S&P 500's gain of 7.6%. While MSG Entertainment has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MSG Entertainment was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. Y...

NEW YORK, May 07, 2026--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2026. The fiscal 2026 third quarter was highlighted by a diverse mix of live entertainment and sporting events across the Company’s portfolio of venues. That included significant growth in the number of concerts at the Madison Square Garden Arena ("The Garden") and the last performances in this year's record-setting Christmas Spectacular run. It also included the continuation of the New York Knicks ("Knicks") and the New York Rangers ("Rangers") 2025-26 regular seasons at The Garden. For the fiscal 2026 third quarter, the Company reported revenues of $246.3 million, an increase of $3.8 million, or 2%, as compared to the prior year quarter. In addition, the Company reported operating income of $16.1 million, a decrease of $11.2 million, or 41%, and adjusted operating income of $46.0 million, a decrease of $11.8 million, or 20%, both as compared to the prior year quarter.(1) Executive Chairman and CEO James L. Dolan said, "We continue to bring an array of live events to our venues, and demand for those entertainment offerings remains strong. As we approach the end of the fiscal year, we remain on track to deliver robust growth in revenue and adjusted operating income in fiscal 2026." Results for the Three and Nine Months Ended March 31, 2026 and 2025: Entertainment Offerings, Arena License Fees and Other Leasing Fiscal 2026 third quarter revenues from entertainment offerings of $165.7 million increased $5.5 million, or 3%, as compared to the prior year quarter. Revenues subject to the sharing of economics with Madison Square Garden Sports Corp. ("MSG Sports") pursuant to the Arena License Agreements increased $5.4 million, primarily due to higher suite license fee revenues (excluding those retained by the Company). Revenues from concerts increased $3.7 million, primarily reflecting an increase in the number of concerts at The Garden, partially offset by a decrease in the number of concerts at the Company's theaters. Revenues from venue-related sponsorship, signage, and suite license fees increased $3.1 million due to higher suite license fee revenues (excluding those shared with MSG Sports pursuant to the Arena License Agreements) and higher sponsorsh...

NEW YORK, May 01, 2026--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) will issue a press release on Thursday, May 7, 2026 before the market opens reporting results for its fiscal third quarter ended March 31, 2026. The Company will host a conference call to discuss its results at 8:30 a.m. Eastern Time the same day. To participate via telephone, please dial 833-461-5787 with the conference ID number 814544945 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events." For those who are unable to participate on the conference call, you may access a replay of the webcast on the website from 10:30 a.m. Eastern Time on Thursday, May 7, 2026, until 11:59 p.m. Eastern Time on Thursday, May 14, 2026. About Madison Square Garden Entertainment Corp. Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company’s portfolio includes a collection of world-renowned venues – New York’s Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for more than 90 years. More information is available at www.msgentertainment.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260501097739/en/ Contacts Ari Danes, CFA Senior Vice President, Investor Relations & Treasury Madison Square Garden Entertainment Corp. (212) 465-6072 Grace Kaminer Vice President, Investor Relations & Treasury Madison Square Garden Entertainment Corp. (212) 631-5076

Ariel Investments, an investment management company, released its “Ariel Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund delivered a +3.22% return in the fourth quarter of 2025, performing roughly in line with both the Russell 2500 Value Index (+3.15%) and the Russell 2000 Value Index (+3.26%), as U.S. equities posted a modest quarterly gain despite earlier volatility marked by a sharp April sell-off, an extended government shutdown, and rising job cuts. For the trailing one-year period, the Fund advanced 14.15%, outperforming the Russell 2500 Value Index’s +12.73% and the Russell 2000 Value Index’s +12.59% return, while its 5- and 10-year average annual returns stood at +9.36% and +9.51%, respectively. Management attributed performance to resilient corporate earnings, easing inflation, and rising expectations for more accommodative monetary policy. Continued enthusiasm around artificial intelligence and cloud infrastructure also supported markets, although gains remained concentrated in a narrow group of large-cap stocks. Looking ahead to 2026, the firm maintains a measured and cautious outlook. It pointed to geopolitical risks, fiscal constraints, labor market dynamics, and elevated market concentration as potential sources of volatility. At the same time, management reaffirmed its long-term, bottom-up approach, emphasizing strong balance sheets, durable fundamentals, and valuation discipline to navigate shifting market leadership. In addition, please check the Fund’s top five holdings to know its best picks in 2025. In its fourth-quarter 2025 investor letter, Ariel Fund highlighted stocks like Madison Square Garden Entertainment Corp. (NYSE:MSGE). Madison Square Garden Entertainment Corp. (NYSE:MSGE) is a U.S.-based live entertainment company that owns and operates a portfolio of iconic venues and produces large-scale live events and entertainment experiences. The one-month return of Madison Square Garden Entertainment Corp. (NYSE:MSGE) was -2.4% while its shares traded between $28.29 and $65.26 over the last 52 weeks. On March 9, 2026, Madison Square Garden Entertainment Corp. stock closed at approximately $58.85 per share, with a market capitalization of about $2.8 billion. Ariel Fund stated the following regarding Madison Square Garden Entertainment Corp. (NYSE:MSGE) in its Q4 2025 investor letter: Madis...

Madison Square Garden (MSGS) reported $403.42 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 12.8%. EPS of $0.34 for the same period compares to $0.05 a year ago. The reported revenue represents a surprise of +2.62% over the Zacks Consensus Estimate of $393.13 million. With the consensus EPS estimate being $0.66, the EPS surprise was -48.09%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Madison Square Garden performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total revenues from contracts with customers- Event-related: $167.24 million versus the three-analyst average estimate of $164.45 million. The reported number represents a year-over-year change of +20%. Total revenues from contracts with customers- League distributions and other: $15.39 million versus $11.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27.5% change. Total revenues from contracts with customers- Sponsorship, signage and suite licenses: $98.45 million versus $86.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24% change. Total revenues from contracts with customers- Media rights: $122.35 million compared to the $130.35 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year. View all Key Company Metrics for Madison Square Garden here>>> Shares of Madison Square Garden have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Madison Square Garden Company (MSG...

NEW YORK (AP) — NEW YORK (AP) — The Madison Square Garden Co. (MSGS) on Thursday reported net income of $8.2 million in its fiscal second quarter. The New York-based company said it had profit of 34 cents per share. The sports team and entertainment company posted revenue of $403.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $393.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSGS at https://www.zacks.com/ap/MSGS

Madison Square Garden (MSGS) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -48.09%. A quarter ago, it was expected that this sports team and entertainment company would post a loss of $1.04 per share when it actually produced a loss of $0.37, delivering a surprise of +64.42%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Madison Square Garden, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $403.42 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $357.76 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Madison Square Garden shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 0.5%. While Madison Square Garden has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Madison Square Garden was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market...