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Madison Square Garden Entertainment Corp.
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$3.8B
Market Cap
51.9
P/E
2.68
PEG
36.8%
ROCE
ROE
D/E
13.0%
OPM
-10.1%
% from 52W High
88
α RS
🔍 MSGE is showing a sector-leadership setup because Sector RRG has Communication Services in the Leading quadrant with the trail still strengthening, it matches 2 of 37 tracked screener presets, and RS Rating is 88. Net: Broad signal stack, not a recommendation. ? RRG Conviction RS Rating
Sources
Communication Services in Leading quadrant · Conviction 2/37 · RS Rating 88
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🌏 Global Investor Returns
Currency-adjusted total returns for MSGE including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding MSGE
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 1.80M $106.1M 0.14% Mar 2026
Jim Simons Renaissance Technologies LLC 189.8K $11.2M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED MSG Entertainment Q3 2026: $246M revenue, $46M AOI, strong concert demand and Christmas Spectacular record.
Revenue & Profitability
Third-quarter revenues were $246.3 million, up 2% year-over-year. Adjusted operating income (AOI) was $46 million, down $12 million from the prior year quarter. The company held $323 million in unrestricted cash and $587 million in debt as of March 31, 2026. Year-to-date, it repurchased 623,000 shares for $25 million, with $45 million remaining under its buyback authorization.
Outlook
Management reported strong consumer demand, with the vast majority of concerts selling out and F&B per caps increasing. Despite macro energy price concerns, the company sees continued strength in ticket sales, with sell-through rates pacing ahead of last year for upcoming quarters. The company is on track for robust full-year revenue and AOI growth in fiscal 2026 and expects momentum to carry into fiscal 2027.
Growth Drivers
Growth is driven by a significant increase in concerts at The Garden in Q4 2026 and strong bookings for fiscal 2027, including a record number of concerts in the September quarter (aided by Harry Styles' 30-night residency). The Christmas Spectacular expanded to 230 shows for the 2026 holiday season, up from 215, with potential for higher ticket yields. Marketing partnerships and suite sales also remain on track for growth in fiscal 2026.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Third-quarter AOI declined due to higher direct operating and SG&A expenses, including unanticipated healthcare benefit costs and higher employee compensation. The mix of events also impacted margins (e.g., lower-cost multi-night runs in the prior year quarter). Management expects SG&A expense growth to normalize in the June quarter and continue into fiscal 2027.
Key Risks
Risks flagged include the impact of higher healthcare costs and increased claims activity on expenses. The company noted the mix of events can affect revenue and profitability (e.g., absence of prior-year special events like SNL 50th anniversary). Macroeconomic factors, such as energy prices, are monitored but management currently sees no demand weakness. The Penn Station redevelopment timeline remains a potential operational consideration.
Generated by AI · Q3 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q4 2026 Q4 2026 2026-08-12
Fiscal 2026 saw double-digit revenue and AOI growth, driven by record event attendance, a Knicks championship, and strong hospitality and sponsorships. Fiscal 2027 is expected to continue this momentum with robust bookings, new residencies, and ongoing capital returns.
Q3 2026 Q3 2026 2026-05-07
Q3 2026 delivered 2% revenue growth to $246M, with strong concert demand and a record Christmas Spectacular. Adjusted operating income fell due to higher expenses, but cash flow and bookings remain robust, supporting a positive outlook for fiscal 2026 and 2027.
Q2 2026 Q2 2026 2026-02-03
Fiscal Q2 saw double-digit revenue and adjusted operating income growth, led by record Christmas Spectacular results and strong bookings, sponsorships, and premium hospitality. Concert bookings at The Garden are pacing ahead for fiscal 2026 and 2027, with robust consumer demand and capital returns ongoing.
Q1 2026 Q1 2026 2025-11-06
Fiscal 2026 began with strong demand, record concert bookings, and robust Christmas Spectacular sales. Revenue rose 14% year-over-year to $158.3 million, with adjusted operating income up $5.2 million. Share repurchases and new sponsorships reflect confidence in continued growth.
Q4 2025 Q4 2025 2025-08-13
Fiscal 2025 delivered $942.7M in revenue and 5% AOI growth, despite a Q4 revenue dip from fewer Garden concerts. Fiscal 2026 is expected to see growth in events, AOI, and free cash flow, with strong demand for the Christmas Spectacular and ongoing capital returns.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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