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MARKETS / NYSE / MSGE
NYSE · SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION · LARGE CAP

Madison Square Garden Entertainment Corp. MSGE

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 12.5% YoY
$66.2M
▲ 76.8% YoY
In brief

What this company does

Madison Square Garden Entertainment Corp. operates a portfolio of venues that includes Madison Square Garden, the Infosys Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, produces the Christmas Spectacular Starring the Radio City Rockettes, and operates an entertainment and sports bookings business that presents concerts, family shows, special events and sporting events. As of June 30, 2026, it managed its business through one reportable segment. It owns or operates under long-term leases a total of five venues in New York City and Chicago. In Fiscal Year 2026, it hosted approximately 6.4 million guests at nearly 960 events across its venues. As of June 30, 2026, it had approximately 1,060 full-time union and non-union employees and approximately 5,200 part-time union and non-union employees. The company was originally incorporated in the State of Delaware on September 15, 2022 as a wholly-owned subsidiary of Sphere Entertainment Co., formerly known as Madison Square Garden Entertainment Corp. On June 9, 2025, it completed its conversion from a corporation organized under the laws of the State of Delaware to a corporation organized under the laws of the State of Nevada.

Written from the business description in Madison Square Garden Entertainment Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 12 August 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.1
0.40B0.80B-0.08B-0.16B202020212022202320242025
Compound annual growth
+10.8%
+79.1%
−4.8%
−2.1%
−0.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +79.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.3% · Net 6.2%
-200%-400%202020212022202320242025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Each USD of equity produced 408 cents of profit this year.

Cash & shareholders
USD 24.6M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 24.6
20M40M202020212022202320242025

USD 24.6M in buybacks — 37% of the year's profit went back to shareholders.

Total assetsUSD 1.9B
EquityUSD 45.8M
CashUSD 293.6M
Gross debtUSD 570.8M
Net debtUSD 277.2M
Current ratio0.70×

Net debt stands at 606% of equity.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020
Revenue $B1.10.91.00.80.60.1
Operating income $B0.10.10.10.1−0.0−0.2
EBITDA $B0.20.20.20.20.1−0.2
Income tax $B0.00.0−0.10.0−0.00.0
Net income $B0.10.00.10.1−0.1−0.2
EPS, diluted $1.380.772.971.47−2.58−4.22
Dividend / sh $······
Payout %······
ROE %407.5·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 66 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNYSE
Incorporated inNevada
Fiscal year endsJune 30
Data on record since2019

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