Madison Square Garden Entertainment Corp. MSGE R2K
Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business. The company produces, presents, and hosts live entertainment events, such as concerts, sporting events, family shows, family shows, performing arts events, and special events. It holds a portfolio of venues that include Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The company also owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, it engages in the entertainment and sports bookings business that showcase a range of concerts, family shows, and special events, as well as various sporting events. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 13.0% over 5 years.
- Profit CAGR of 42.7% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 68.5.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSGE Madison Square Garden Entertainment Corp. R2K | 70.53 | 68.48 | $3.34B | - | 9.94% | - | 12.99% | 42.69% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 380.34 | 28.99 | $4.61T | 0.23% | 32.40% | 38.88% | 12.51% | 30.14% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 632.51 | 22.99 | $1.61T | 0.33% | 26.87% | 32.93% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 86.02 | 27.75 | $362.21B | - | 30.26% | 48.49% | 12.64% | 34.71% |
| 5 | APP AppLovin Corporation NDXSPXAI | 613.09 | 53.17 | $205.96B | - | 70.20% | - | 24.84% | 609.87% |
| 6 | TMUS T-Mobile US, Inc. NDXSPX | 187.53 | 19.93 | $202.95B | 2.18% | 9.27% | 18.02% | 3.53% | 61.90% |
| 7 | VZ Verizon Communications Inc. SPX | 47.81 | 11.66 | $199.63B | 5.92% | 8.59% | 17.20% | 0.33% | -6.86% |
| 8 | DIS The Walt Disney Company SPX | 101.83 | 16.29 | $176.83B | 1.47% | 8.46% | 11.01% | 4.51% | 58.00% |
| 9 | T AT&T Inc. SPX | 24.80 | 8.16 | $172.32B | 4.48% | 9.23% | 18.37% | 1.34% | 119.18% |
Quarterly Results
Figures in USD.
| Metric | Mar 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 163.50M | 144.30M | 323.23M | 169.21M | 139.77M | 377.04M | 191.60M | 134.06M | 377.60M | 242.47M | 154.14M | 158.26M | 459.94M | 246.26M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 138.87M | 101.99M | 102.37M | 212.66M | 146.79M |
| Gross Profit | - | - | - | - | - | - | - | - | - | 103.59M | 52.15M | 55.89M | 247.28M | 99.47M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | 66.48M | 75.36M | 70.66M | 82.34M | 74.74M |
| Operating Income | 15.82M | -11.31M | 113.44M | 24.66M | -33.42M | 137.42M | 16.80M | -18.48M | 139.00M | 37.11M | -23.21M | -14.77M | 164.94M | 24.72M |
| EBITDA | - | - | - | - | - | - | - | - | - | 41.46M | -15.03M | -15.32M | 177.94M | 31.43M |
| Interest Expense | - | - | - | - | - | - | - | - | - | 11.80M | 11.71M | 11.03M | 10.42M | 9.42M |
| Pretax Income | - | - | - | - | - | - | - | - | - | 15.29M | -42.17M | -40.42M | 153.53M | 8.22M |
| Tax Provision | - | - | - | - | - | - | - | - | - | 7.25M | -14.99M | -18.77M | 60.82M | 3.12M |
| Net Income | -3.93M | -17.90M | 97.26M | 21.72M | -50.67M | 125.25M | 2.79M | -19.32M | 75.89M | 8.04M | -27.18M | -21.65M | 92.72M | 5.11M |
| Diluted EPS | -0.08 | -0.35 | 1.88 | 0.42 | -1.00 | 2.59 | 0.06 | -0.40 | 1.56 | 0.17 | -0.57 | -0.46 | 1.94 | 0.11 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | - | 653.49M | 851.50M | 959.26M | 942.73M |
| Cost of Revenue | - | 417.30M | 499.93M | 568.84M | 535.64M |
| Gross Profit | - | 236.19M | 351.57M | 390.43M | 407.09M |
| Operating Expenses | - | 236.67M | 236.32M | 260.84M | 272.74M |
| Operating Income | - | -477.00K | 115.25M | 129.59M | 134.35M |
| EBITDA | - | -13.63M | 190.10M | 164.12M | 173.84M |
| Interest Expense | - | 53.11M | 51.87M | 57.95M | 50.51M |
| Pretax Income | - | -136.27M | 77.77M | 52.29M | 65.56M |
| Tax Provision | - | -70.00K | 1.73M | -92.01M | 28.13M |
| Net Income | - | -133.34M | 76.60M | 144.30M | 37.43M |
| Diluted EPS | - | -2.61 | 1.47 | 2.97 | 0.77 |
Compounded Sales Growth
| 5 Years: | 12.99% |
| 1 Year: | 1.60% |
Compounded Profit Growth
| 5 Years: | 42.69% |
| 1 Year: | -35.80% |
Stock Price Performance
| 1 Year: | +90.06% |
| 6 Months: | +44.09% |
| 3 Months: | +11.70% |
| 1 Month: | +8.96% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.53B | 1.40B | 1.55B | 1.67B |
| Current Assets | - | - | 341.45M | 295.28M | 219.08M | 237.13M |
| Cash & Equivalents | - | - | 58.10M | 76.09M | 33.26M | 43.02M |
| Inventory | - | - | 2.75M | 2.56M | 3.87M | 3.75M |
| Receivables | - | - | 102.50M | 63.90M | 77.26M | 66.78M |
| Total Liabilities | - | - | 1.53B | 1.47B | 1.58B | 1.68B |
| Current Liabilities | - | - | 545.09M | 540.64M | 505.82M | 502.40M |
| Long Term Debt | - | - | 654.91M | 630.18M | 599.25M | 568.78M |
| Total Debt | - | - | 956.79M | 902.92M | 1.07B | 1.20B |
| Total Equity | 818.61M | - | -1.48M | -69.47M | -23.16M | -13.30M |
| Shares Outstanding | - | - | 51.58M | 51.89M | 52.42M | 52.94M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 95.35M | 135.69M | 111.27M | 115.30M |
| Investing Cash Flow | - | 45.44M | 30.30M | -62.37M | -23.69M |
| Financing Cash Flow | - | -396.29M | -144.22M | -99.69M | -81.62M |
| Capital Expenditure | - | -15.80M | -15.19M | -24.18M | -22.22M |
| Free Cash Flow | - | 79.55M | 120.51M | 87.08M | 93.08M |
| Net Change in Cash | - | -255.50M | 21.78M | -50.80M | 9.98M |
| Share Buybacks | 0 | 0 | 25.00M | 50.87M | 39.69M |
Ratios (Annual)
Figures in %.
| Metric | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 36.1% | 41.3% | 40.7% | 43.2% |
| Operating Margin % | - | -0.1% | 13.5% | 13.5% | 14.3% |
| Net Margin % | - | -20.4% | 9.0% | 15.0% | 4.0% |
| ROE % | - | 9,039.7% | -110.3% | -622.9% | -281.4% |
| ROCE % | - | -0.0% | 13.4% | 12.4% | 11.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Ariel Investments, LLC | 15.10% | 6.11M | $430.63M |
| 2 | Jericho Capital Asset Management, LP | 9.06% | 3.66M | $258.33M |
| 3 | Blackrock Inc. | 7.09% | 2.87M | $202.23M |
| 4 | Point72 Asset Management, L.P. | 4.46% | 1.80M | $127.08M |
| 5 | Vanguard Portfolio Management LLC | 4.38% | 1.77M | $124.92M |
| 6 | Vanguard Capital Management LLC | 4.35% | 1.76M | $124.17M |
| 7 | Channing Capital Management, LLC | 3.26% | 1.32M | $93.03M |
| 8 | Morgan Stanley | 3.11% | 1.26M | $88.56M |
| 9 | Dendur Capital LP | 3.02% | 1.22M | $86.05M |
| 10 | Assenagon Asset Management S.A. | 2.99% | 1.21M | $85.39M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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