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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

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

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
0.5B1.0B-0.1B-0.2B
202020232025
Compound annual growth
+7.6%
+66.9%
−4.8%
−2.1%
−0.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +66.9% a year over the five years to FY2025.

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%
-100%-200%
202020222025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 12%.

Cash & shareholders

USD 24.6M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 24.6
20M40M
202020212022202320242025

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—not applicable◌not available in our data
MSGE, 6-year financial record
Metric 202520242023202220212020
Revenue $B1.10.91.00.90.70.1
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 % — not applicable: no dividend——————
ROE %—————−33.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNYSE
Incorporated inNevada
Fiscal year endsJune 30
Data on record since2019

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