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Madison Square Garden Entertainment Corp.

MSGE

Madison Square Garden Entertainment Corp. is a leader in live entertainment, operating a portfolio of world-renowned venues and marquee entertainment brands.

Market cap
$3.79B+87.0%
Revenue$1.1B+12.5%
Free cash flow$343.8M+56.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (in a month)
Revenue estimate$208.2M
EPS estimate-$0.06

Financials

Q4 2026

Income statement

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Revenue$196.3M+27.4%
Operating income-—

Balance sheet

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Cash & equivalents$294.2M+576%
Total debt$1.2B-2.1%
Total equity$45.8M+444%
Total assets$1.9B+15.9%

Cash flow

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Operating cash flow-—
CapEx$4.1M+0.8%
Free cash flow-—

Valuation & ratios

Valuation

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Market cap$3.79B+87.0%
Enterprise value$4.67B+37.3%
P/S3.6×+1.3×

Profitability

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Operating margin14.2%—
FCF margin32.4%—

Returns & leverage

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Debt / equity25.7×—
Current ratio0.7×+0.2×

Segments

By product

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Ticketing and venue license fee revenues$103.4M+40.6%
Food, beverage, and merchandise direct operating expenses$32.2M+21.8%

Competitors

Profile

Madison Square Garden Entertainment Corp. is a leader in live entertainment, operating a portfolio of world-renowned venues and marquee entertainment brands. The company produces, presents, and hosts a diverse array of events including concerts, sporting events, and family shows, centered primarily in the New York market. Its value proposition is built on iconic physical assets, deep industry relationships, and a massive proprietary customer database used to drive engagement and revenue.

Competitive position

The company holds a dominant position in the New York live entertainment market through its ownership of 'The World's Most Famous Arena' and other landmark venues. It maintains a unique competitive advantage through long-term exclusive hosting rights for major NBA and NHL franchises.

GeographiesUnited States, New York, Chicago
Customer segmentsConsumers, Corporate enterprises, Professional sports organizations, Event promoters
Business modelVenue licensing, Ticket sales, Sponsorship and advertising, Premium hospitality licensing
SuppliersPerforming artists and talent agencies, Professional sports leagues (NBA, NHL), Municipal utilities and infrastructure, Unionized labor, Food and beverage suppliers
CustomersIndividual consumers and fans, Corporate sponsors, Third-party event promoters, Television and streaming broadcasters
Listed2023
Employees5.8K
CEOJames Lawrence Dolan
FilingsSEC EDGAR

FAQ

What is Madison Square Garden Entertainment Corp.'s market cap?
Madison Square Garden Entertainment Corp. (MSGE) has a market capitalization of $3.8B and trades on NYSE.
What is Madison Square Garden Entertainment Corp.'s revenue and profitability?
Madison Square Garden Entertainment Corp. generated $1.1B in trailing twelve-month revenue, representing a net margin of 13.5%, with free cash flow of $343.8M. The latest reported period is Q4 2026.
Who are Madison Square Garden Entertainment Corp.'s competitors?
Madison Square Garden Entertainment Corp.'s key competitors include Live Nation Entertainment, Inc., Madison Square Garden Sports Corp., Seaport Entertainment Group Inc., and others. These companies compete in similar markets and product categories.
Who does Madison Square Garden Entertainment Corp. partner with?
Madison Square Garden Entertainment Corp.'s notable partners include Madison Square Garden Sports Corp., Sphere Entertainment Co., Infosys, and others.
What subsidiaries does Madison Square Garden Entertainment Corp. have?
Madison Square Garden Entertainment Corp.'s subsidiaries include MSG Entertainment Holdings, LLC.
Where is Madison Square Garden Entertainment Corp. headquartered?
Madison Square Garden Entertainment Corp. is headquartered in United States of America and employs approximately 5,820 people. It has been publicly traded since 2023.