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Madison Square Garden Entertainment

MSGE

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

Market cap
$3.66B+102%
Revenue$1.0B+4.5%
Net income$84.2M-33.3%
Free cash flow$397.7M+142%
EPS (diluted)$1.76-32.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (In 2 weeks)
Revenue estimate$166.6M
EPS estimate-$0.44

Financials

Q3 2026

Income statement

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Revenue$246.3M+1.6%
Operating income$16.1M-41.1%
Net income$5.1M-36.4%
EPS (diluted)$0.11-35.3%

Balance sheet

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Cash & equivalents$323.7M+262%
Total debt$1.2B-1.4%
Total equity$48.0M+404%
Total assets$2.0B+12.5%

Cash flow

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Operating cash flow$183.9M+224%
CapEx$10.0M+236%
Free cash flow$173.9M+223%

Valuation & ratios

Valuation

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Market cap$3.66B+102%
Enterprise value$4.52B+48.6%
P/E43.4×
P/S3.6×+1.6×

Returns & leverage

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Debt / equity24.7×-102×
Current ratio0.7×+0.1×

Segments

By product

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Sponsorship and signage, suite license, and advertising commission revenues$88.9M
Ticketing and venue license fee revenues$75.6M-3.7%
Food, beverage, and merchandise revenues$45.1M-1.6%

Competitors

Profile

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

Competitive position

A dominant player in the New York live entertainment market with a unique portfolio of historically significant and high-capacity venues.

GeographiesUnited States, New York City, Chicago
Customer segmentsB2C Consumers, Enterprise Corporations, Professional Sports Organizations
Business modelVenue Licensing, Event Promotion, Premium Hospitality, Sponsorship and Advertising
SuppliersTouring Artists and Performers, Professional Sports Leagues, Union Labor, Food and Beverage Suppliers
CustomersTicket Buyers, Corporate Sponsors, Suite Licensees, Third-party Event Promoters
Listed2023
Employees5.8K
CEOJames Lawrence Dolan
FilingsSEC EDGAR

Questions, answered.

What is Madison Square Garden Entertainment's market cap?
Madison Square Garden Entertainment (MSGE) has a market capitalization of $3.7B and trades on NYSE.
What is Madison Square Garden Entertainment's revenue and profitability?
Madison Square Garden Entertainment generated $1.0B in trailing twelve-month revenue with net income of $84.2M, representing a net margin of 13.5%, with free cash flow of $397.7M. These figures are based on the Q1 2026 filing.
Who are Madison Square Garden Entertainment's competitors?
Madison Square Garden Entertainment's key competitors include Live Nation Entertainment, Inc., The Walt Disney Company, Madison Square Garden Sports Corp., and others. These companies compete in similar markets and product categories.
Who does Madison Square Garden Entertainment partner with?
Madison Square Garden Entertainment's notable partners include Madison Square Garden Sports Corp., Sphere Entertainment Co., JPMorgan Chase & Co., and others.
What subsidiaries does Madison Square Garden Entertainment have?
Madison Square Garden Entertainment's subsidiaries include MSG Entertainment Holdings, LLC.
Where is Madison Square Garden Entertainment headquartered?
Madison Square Garden Entertainment is headquartered in United States of America and employs approximately 5,820 people. It has been publicly traded since 2023.