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NYSE · Communication Services

Madison Square Garden Entertainment Corp. (MSGE)

As-reported financials and SEC filings for Madison Square Garden Entertainment Corp. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Corp. operates live entertainment venues and produces live events, including concerts, sporting events, family shows, and special productions like the Christmas Spectacular featuring the Radio City Rockettes. The company owns and manages iconic venues such as Madison Square Garden, Radio City Music Hall, and The Chicago Theatre, primarily serving audiences in New York and other locations. It also hosts home games for professional sports teams including the NBA's New York Knicks and the NHL's New York Rangers.

Snapshot

Revenue
$1.06B
Revenue growth (YoY)
12.5%
Net income
$66.2M
Diluted EPS
$1.38
Gross margin
Operating margin
13.3%
Net margin
6.2%
FCF margin
ROE
144.6%
net income / fiscal-year-end equity
P/E
55.8×
trailing when available, otherwise FY EPS
Market cap
$3.64B
Long-term debt / equity
11.80×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended June 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Madison Square Garden Entertainment

  • Revenue grew 12.5% to $1.1B in FY2026, after a 1.7% decline the year before.
  • Operating margin turned positive at 13.3% in FY2026, from a 1.0% operating loss in FY2022.
  • Most recent quarter Q4 FY2026: revenue $271M, up 20.5% from Q4 FY2025.
  • Net income rose 76.8% to $66M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Madison Square Garden Entertainment’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin13.3%
79th percentile of 185
Net margin6.2%
74th percentile of 191
Revenue growth (YoY)+12.5%
72nd percentile of 209
ROE144.6%
99th percentile of 165
P/E55.8×
78th percentile of 95
Long-term debt / equity11.80×
98th percentile of 101
Short interest2.34d
35th percentile of 216

Madison Square Garden Entertainment’s return on equity of 144.6% ranks in the 99th percentile of the 165 Communication Services companies reporting it. Madison Square Garden Entertainment’s long-term debt to equity of 11.80 ranks in the 98th percentile of the 101 Communication Services companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $737,873. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$250.8M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$123.5M1.5MReduced
Citadel AdvisorsquantQ2 2026$42.1M520.0KAdded
Millennium ManagementquantQ2 2026$41.5M513.0KAdded
D. E. ShawquantQ2 2026$33.3M412.1KAdded
Renaissance TechnologiesquantQ2 2026$5.7M70.8KReduced
AQR Capital ManagementquantQ2 2026$2.6M32.1KAdded
Gotham Asset ManagementQ2 2026$1.4M17.2KReduced
Two Sigma InvestmentsquantQ2 2026$687,5658.5KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$738K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-11
filed 2026-06-15
D'Ambrosio Philip GerardEVP and TreasurerSell9.9K$74.48$738K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.0M
settled 2026-08-14
Change vs prior
-18.3%
vs previous settlement
Days to cover
2.34
at avg daily volume
Avg daily volume
433.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.0M-18.3%2.34
2026-07-311.2M+5.1%3.49
2026-07-151.2M-20.1%2.67
2026-06-301.5M-9.8%2.05
2026-06-151.6M+2.5%3.26
2026-05-291.6M+5.7%4.47
2026-05-151.5M-20.7%2.66
2026-04-301.9M-1.2%6.25

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$1.06B$942.7M$959.3M$779.8M$582.1M
Gross profit
Operating income$141.5M$122.1M$111.9M$105.0M$-5.6M
Net income$66.2M$37.4M$144.3M$76.6M$-133.3M
Diluted EPS$1.38$0.77$2.97$1.47$-2.58

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$351.4M$115.3M$111.3M$135.7M$95.4M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$271.1M20.5%$-10.0M$-0.21
Q3 FY2026$210.8M2.3%$5.1M$0.11
Q2 FY2026$424.8M12.5%$92.7M$1.94
Q1 FY2026$154.1M15.0%$-21.7M$-0.46
Q4 FY2025$225.1M-10.3%$-27.2M$-0.57
Q3 FY2025$206.0M7.5%$8.0M$0.17
Q2 FY2025$377.6M0.1%$75.9M$1.56
Q1 FY2025$134.1M-4.1%$-19.3M$-0.40

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorCommunication Services
SIC industryServices-Miscellaneous Amusement & Recreation
Latest annual periodFY2026 (ended June 30, 2026)
Latest reported quarterQ4 FY2026 (ended June 30, 2026)
Oldest indexed filing2022
SEC CIK1952073

Selected SEC filings

10-K2026-08-12
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2026-02-06
View on EDGAR →
8-K2026-08-12
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-03-27
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.