What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Madison Square Garden Entertainment MSGE Contract Liabilities

Madison Square Garden SportsMSGS

$578K-19.5%

Revenue$246.3M+1.6%

Operating income$16.1M-41.1%

Net income$5.1M-36.4%

EPS (diluted)$0.11-35.3%

Cash & equivalents$323.7M+262%

Total debt$1.2B-1.4%

Total equity$48.0M+404%

Total assets$2.0B+12.5%

Operating cash flow$183.9M+224%

CapEx$10.0M+236%

Free cash flow$173.9M+223%

Market cap$3.62B+77.8%

Operating margin15.2%—

Net margin13.5%—

FCF margin17.3%—

Return on equity16.3%—

Debt / equity24.7×-102×

Current ratio0.7×+0.1×

Reported directly by Madison Square Garden Entertainment in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Madison Square Garden Entertainment’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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What is Madison Square Garden Entertainment's contract liabilities?: Madison Square Garden Entertainment (MSGE) reported contract liabilities of $293.47M in Q1 2026.
How has Madison Square Garden Entertainment's contract liabilities changed year-over-year?: Madison Square Garden Entertainment's contract liabilities increased by 23.2% year-over-year, from $238.29M to $293.47M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.