MSGENYSEServices-Miscellaneous Amusement & RecreationUS GAAP · USD

Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Corp. owns and operates a portfolio of iconic live entertainment venues, including Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. It also produces and presents recurring entertainment content such as the Christmas Spectacular Starring the Radio City Rockettes and books concerts, family shows, sporting events, and special events across its venues.

Kysy yhtiöstä
Liikevaihto1 061milj. USD
+12,5 %v/v
Liikevoitto (EBIT)142milj. USD
+15,9 %v/v
EBIT-marginaali13,3%
+0,4 %-yks.v/v
Nettotulos66,2milj. USD
+76,8 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−50005001 0001 500milj. USD2021: 82 milj. USD2021: EBIT −237 milj. USD20212022: 653 milj. USD2022: EBIT −5,6 milj. USD20222023: 851 milj. USD2023: EBIT 105 milj. USD20232024: 959 milj. USD2024: EBIT 112 milj. USD20242025: 943 milj. USD2025: EBIT 122 milj. USD20252026: 1 061 milj. USD2026: EBIT 142 milj. USD20261 061142
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Madison Square Garden Entertainment Corp.

Liiketoiminta

Osuus liikevaihdosta
Venue operations and licensing35 %

Revenue from hosting third-party events and licensing use of the company's venues.

Entertainment productions20 %

Wholly owned live productions, especially the Christmas Spectacular.

Bookings and event promotion20 %

Concerts, family shows, sporting events, and special events produced or promoted by the company.

Premium hospitality15 %

Suite licenses, club seats, and corporate hospitality products sold primarily to businesses.

Ancillary revenue10 %

Concessions, merchandise, sponsorships, signage, tours, and lease-related income.

Tuotteet

Raportoitu · osuus liikevaihdosta
49,8%26,0%15,5%FY2026100 %
  • Ticketing and Venue License Fee Revenues49,8 %
  • Sponsorship and Signage Suite and Advertising Commission Revenues26,0 %
  • Food Beverage and Merchandise Revenues15,5 %
  • Arena License Agreements6,4 %
  • Third Party Lease and Sublease Arrangements1,7 %
  • Other0,6 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells to a mix of consumers, corporate clients, promoters, and sports/entertainment partners. Ticket buyers attend concerts, family shows, sporting events, and the Christmas Spectacular, while corporate customers buy suites and club products for hospitality and client entertainment. Third-party promoters and event organizers use the venues because of their scale, brand recognition, and New York market access.

Consumer ticket buyers

Individuals and families buying tickets for concerts, shows, sports, and the Christmas Spectacular.

Corporate hospitality clients

Companies licensing suites and club spaces for entertaining clients, employees, and partners.

Event promoters and artists

Third-party promoters and performers booking venues for concerts, tours, and special events.

Sports-related partners

MSG Sports and related event stakeholders using The Garden for Knicks and Rangers games.

Tourists and seasonal audiences

Visitors drawn to iconic venues and the holiday-driven Christmas Spectacular.

Strategia

Management is focused on maximizing the value of its iconic venues and live entertainment brands by attracting more events, deepening customer relationships, and expanding premium hospitality. It also emphasizes data-driven marketing and cross-promotion across venues and digital assets to improve booking visibility, customer engagement, and monetization.

Expand premium hospitality offeringsKeskipitkä aikaväli

Suite and club licenses provide recurring, high-value corporate revenue with renewal potential.

Drive more bookings and higher event utilizationLyhyt aikaväli

More concerts and events improve venue monetization and spread fixed venue costs.

Strengthen direct customer relationships and data useKeskipitkä aikaväli

A larger proprietary database supports targeted marketing, cross-promotion, and better booking decisions.

Protect flagship content and venue brandsPitkä aikaväli

The Christmas Spectacular and iconic venues are core differentiators that support demand and pricing.

Maantiede

The company’s revenues and assets are attributed to or located in the United States, with operations primarily concentrated in the New York City metropolitan area. Its venue footprint also includes The Chicago Theatre, giving it a smaller presence outside New York, but the business remains heavily tied to New York demand, tourism, and event calendars.

Riskit

The business depends on event demand, the popularity of the Christmas Spectacular, and the ability to attract top performers and sports-related traffic, so revenue can swing with consumer tastes and team performance. It also faces intense competition from other venues and entertainment options, while its close commercial ties to affiliated entities create operational and contractual dependence.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Event and attendance concentration1Christmas Spectacular dependence2Competitive pressure3Affiliate dependence4Cybersecurity and intellectual property5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Event and attendance concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on attracting concerts, shows, and sports events to a limited set of venues.

    Kohdistuu: Venue utilization and ticket-driven revenue

  2. Christmas Spectacular dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A large portion of seasonal demand and profitability is tied to one recurring production.

    Kohdistuu: Holiday production revenue and operating income

  3. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company competes with other venues and alternative entertainment options for consumer spending and bookings.

    KohdistuuPricing powerBooking volumeAttendance
  4. Affiliate dependenceVaikutus: KeskitasoTodennäköisyys: Matala

    Commercial arrangements with Sphere Entertainment and MSG Sports are important to operations and can be affected by relationship changes.

    KohdistuuArena license agreementsServicesSubleases
  5. Cybersecurity and intellectual propertyVaikutus: KeskitasoTodennäköisyys: Matala

    The company stores customer and sponsor data and monetizes brands and content that must be protected.

    KohdistuuDataContentBrand assets
Kysy Clarifolta: Madison Square Garden Entertainment Corp.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for multi-element arrangements

Tickets, hospitality, sponsorships, and venue licenses may be recognized differently depending on contract terms and performance obligations.

Vaikutus: Can shift revenue timing across periods

Seasonality

Christmas Spectacular and arena license fees concentrate earnings in fiscal Q2 and Q3.

Vaikutus: Quarterly results are not evenly comparable

Lease and straight-line revenue accounting

Arena license fees and leased venues involve straight-line recognition and non-cash components.

Vaikutus: Affects reported revenue and operating margins

Impairment of long-lived assets

Venue assets and related intangibles depend on future event demand and cash flows.

Vaikutus: Can create non-cash charges if utilization weakens

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Madison Square Garden Sports Corp.

MSGS · Services-Miscellaneous Amusement & Recreation

StubHub Holdings, Inc.

STUB · Services-Miscellaneous Amusement & Recreation

MGM Resorts International

MGM · Hotels & Motels

Seaport Entertainment Group Inc.

SEG · Services-Miscellaneous Amusement & Recreation

Sphere Entertainment Co.

SPHR · Services-Amusement & Recreation Services

Walt Disney Co

DIS · Services-Miscellaneous Amusement & Recreation

Päivitetty: 24.9.2026

Madison Square Garden Entertainment Corp. (MSGE) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo