See more : SFA Engineering Corporation (056190.KQ) Income Statement Analysis – Financial Results
Complete financial analysis of Madison Square Garden Entertainment Corp. (MSGE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Madison Square Garden Entertainment Corp., a leading company in the Entertainment industry within the Communication Services sector.
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Madison Square Garden Entertainment Corp. (MSGE)
About Madison Square Garden Entertainment Corp.
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 959.27M | 851.50M | 653.49M | 81.81M | 584.60M | 1.05B | 988.99M | 711.02M |
| Cost of Revenue | 622.71M | 499.93M | 419.82M | 96.24M | 380.53M | 670.64M | 635.22M | 517.08M |
| Gross Profit | 336.55M | 351.57M | 233.68M | -14.42M | 204.08M | 378.27M | 353.77M | 193.94M |
| Gross Profit Ratio | 35.08% | 41.29% | 35.76% | -17.63% | 34.91% | 36.06% | 35.77% | 27.28% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 221.17M | 171.38M | 221.14M | 136.33M | 127.04M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | -14.20M | 8.83M | 8.00M | 269.00K | 10.90M | 0.00 | 0.00 | 0.00 |
| SG&A | 206.96M | 180.22M | 229.13M | 136.60M | 137.94M | 314.52M | 273.00M | 194.28M |
| Other Expenses | 0.00 | 17.39M | 69.53M | 71.58M | -159.19M | -6.06M | -3.10M | -1.72M |
| Operating Expenses | 206.96M | 240.68M | 298.67M | 208.17M | -21.26M | 423.87M | 385.05M | 292.35M |
| Cost & Expenses | 847.32M | 740.61M | 718.48M | 304.41M | 359.27M | 1.09B | 1.02B | 809.43M |
| Interest Income | 2.98M | 7.24M | 5.03M | 6.44M | 8.81M | 30.16M | 21.35M | 11.76M |
| Interest Expense | 57.95M | 51.87M | 53.11M | 33.74M | 425.00K | 15.26M | 12.15M | 1.93M |
| Depreciation & Amortization | 53.88M | 73.27M | 81.25M | 77.04M | 88.13M | 109.34M | 112.06M | 98.07M |
| EBITDA | 164.12M | 202.91M | -1.91M | -103.19M | 359.40M | 94.91M | 95.27M | -20.43M |
| EBITDA Ratio | 17.11% | 23.02% | -4.24% | -108.17% | 61.48% | 9.05% | 9.63% | -2.87% |
| Operating Income | 111.94M | 105.01M | -64.99M | -237.29M | 225.33M | -45.60M | -31.28M | -98.41M |
| Operating Income Ratio | 11.67% | 12.33% | -9.95% | -290.04% | 38.54% | -4.35% | -3.16% | -13.84% |
| Total Other Income/Expenses | -59.65M | -27.24M | -71.28M | 23.33M | 45.51M | 22.71M | 2.34M | -22.02M |
| Income Before Tax | 52.29M | 77.77M | -202.90M | -213.96M | 270.84M | -29.70M | -28.94M | -120.42M |
| Income Before Tax Ratio | 5.45% | 9.13% | -31.05% | -261.53% | 46.33% | -2.83% | -2.93% | -16.94% |
| Income Tax Expense | -92.01M | 1.73M | -70.00K | 5.35M | 100.18M | 443.00K | -30.83M | -7.81M |
| Net Income | 144.30M | 76.60M | -202.83M | -219.31M | 171.73M | -17.89M | 6.90M | -108.55M |
| Net Income Ratio | 15.04% | 9.00% | -31.04% | -268.06% | 29.38% | -1.71% | 0.70% | -15.27% |
| EPS | 2.99 | 1.50 | -4.52 | -4.88 | 3.82 | -0.75 | 0.29 | -4.57 |
| EPS Diluted | 2.97 | 1.50 | -4.52 | -4.88 | 3.82 | -0.75 | 0.29 | -4.57 |
| Weighted Avg Shares Out | 48.28M | 51.05M | 44.90M | 44.90M | 44.90M | 23.99M | 23.99M | 23.77M |
| Weighted Avg Shares Out (Dil) | 48.59M | 51.05M | 44.90M | 44.90M | 44.90M | 23.99M | 23.99M | 23.77M |
Why Madison Square Garden Entertainment Was a Rock Star Stock This Week
It was an eventful week for the freshly-minted entertainment stock. It posted an earnings report and was initiated with a buy recommendation by an analyst.
Why Madison Square Garden Entertainment Stock Jumped on Thursday
Demand is still robust for concerts and live shows. The company refined its previous guidance for revenue and and reaffirmed its outlook on adjusted operating income.
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 THIRD QUARTER RESULTS
Spin-off Completed in April Creating Pure-Play Live Entertainment Company NEW YORK , May 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") today reported financial results for the fiscal third quarter ended March 31, 2023. This...
Madison Square Garden Entertainment Corp. Completes Spin-Off from Sphere Entertainment Co.
NEW YORK , April 21, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") (formerly MSGE Spinco, Inc.) today announced that it has completed its spin-off from Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment")...
Madison Square Garden Entertainment Corp. Agrees to Sell Majority Interest in Tao Group Hospitality
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or “Company”) today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury...
Madison Square Garden Entertainment Corp. Agrees to Sell Majority Interest in Tao Group Hospitality
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or “Company”) today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury...
MSG Entertainment Announces “Sphere Experiences” to Debut This Fall With First-Of-Its Kind Production – Postcard From Earth
BURBANK, Calif.--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) today announced “Sphere Experiences,” one of the core content categories to be featured at Sphere, the Company’s next-generation entertainment medium opening this fall in Las Vegas. Sphere Experiences will...
MSG Entertainment Announces “Sphere Experiences” to Debut This Fall With First-Of-Its Kind Production – Postcard From Earth
BURBANK, Calif.--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) today announced “Sphere Experiences,” one of the core content categories to be featured at Sphere, the Company's next-generation entertainment medium opening this fall in Las Vegas. Sphere Experiences will...
Madison Square Garden Entertainment Corp. Board Approves Spin-Off of Traditional Live Entertainment Business
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“Company”) today announced that its board of directors has approved the spin-off of its traditional live entertainment business, which is expected to be completed on April 20th. Upon completion of the...
Madison Square Garden Entertainment Corp. Board Approves Spin-Off of Traditional Live Entertainment Business
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“Company”) today announced that its board of directors has approved the spin-off of its traditional live entertainment business, which is expected to be completed on April 20th. Upon completion of the...
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