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Madison Square Garden Entertainment MSGE Food, beverage, and merchandise revenues — Direct operating expenses

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Other financials

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

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Market cap$3.62B+77.8%

Profitability

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Operating margin15.2%
Net margin13.5%
FCF margin17.3%

Returns & leverage

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Return on equity16.3%
Debt / equity24.7×-102×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Madison Square Garden Entertainment in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

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

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Questions, answered.

What is Madison Square Garden Entertainment's food, beverage, and merchandise revenues — direct operating expenses?
Madison Square Garden Entertainment (MSGE) reported food, beverage, and merchandise revenues — direct operating expenses of $28.45M in Q1 2026.
How has Madison Square Garden Entertainment's food, beverage, and merchandise revenues — direct operating expenses changed year-over-year?
Madison Square Garden Entertainment's food, beverage, and merchandise revenues — direct operating expenses decreased by 7.8% year-over-year, from $30.88M to $28.45M.
What is the long-term trend for Madison Square Garden Entertainment's food, beverage, and merchandise revenues — direct operating expenses?
Over 2 years (2022 to 2025), Madison Square Garden Entertainment's food, beverage, and merchandise revenues — direct operating expenses has grown at a 25.8% compound annual growth rate (CAGR), from $57.75M to $91.39M.
What does food, beverage, and merchandise revenues — direct operating expenses mean?
This metric captures the direct costs associated with providing food, beverage, and merchandise services, including the cost of goods sold, labor, and other variable expenses directly attributable to these sales. Monitoring these expenses relative to revenue is essential for evaluating the profitability and operational efficiency of the company's ancillary service offerings. It provides insight into the company's ability to manage supply chain costs and labor productivity within its venue operations.