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 Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre. The company also operates 61 entertainment dining and nightlife venues spanning 23 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.
IPO Year: 2023
Exchange: NYSE
Website: msgentertainment.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/24/2024 | $41.00 → $45.00 | Neutral → Buy | Goldman |
| 8/22/2023 | $41.00 | Buy | BofA Securities |
| 8/11/2023 | $38.00 | Neutral | JP Morgan |
| 6/1/2023 | $43.00 | Outperform | Macquarie |
| 5/26/2023 | $40.00 | Equal-Weight | Morgan Stanley |
| 5/26/2023 | $40.00 | Neutral | Goldman |
| 5/17/2023 | $37.00 | Buy | Guggenheim |
| 4/24/2023 | $36.00 | Buy | Seaport Research Partners |
| 12/15/2022 | $50.00 | Underweight → Equal-Weight | Morgan Stanley |
| 11/15/2022 | $100.00 → $49.00 | Buy → Hold | Jefferies |
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
VANCOUVER, BC, May 10, 2022 /PRNewswire/ - Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce the appointment of Mr. Scott Packman to the Company's Board of Directors. Prior to joining the Graphite One Board of Directors, Mr. Packman served as General Counsel and Executive Vice President of Madison Square Garden Entertainment Corp. (NYSE:MSGE). He also served as the General Counsel of MGM Holdings Inc., the owner of the iconic MGM movie and television studio, for over 12 years. Mr. Packman is currently the Managing Member of S
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
3 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
4 - Madison Square Garden Entertainment Corp. (0001952073) (Issuer)
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2024. Since the start of fiscal 2025, the Madison Square Garden Arena ("The Garden") has hosted a record number of concerts for a fiscal first quarter and, last month, welcomed back the New York Knicks ("Knicks") and the New York Rangers ("Rangers") for the start of their 2024-25 regular seasons at The Garden. Later today, the Christmas Spectacular production kicks o
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2024 on Friday, November 8, 2024 at 8:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events." Fo
MSG Family Of Companies And DCT Abu Dhabi Announce Multi-Year Marketing Partnerships Across Marquee Assets In New York And Las Vegas NEW YORK and ABU DHABI, United Arab Emirates, Oct. 17, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") today announced a new marketing partnership naming 'Experience Abu Dhabi' as the Official Patch Partner of the New York Knicks, forging a significant integration between DCT Abu Dhabi and one of the most storied franchises in professional sports. Furthermore, Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment") and Sphere Entertai
New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE:MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE:SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE:VZ), naming America's leading telecommunications company the Official Mobile Wireless Par
Fiscal 2024 Revenues of $959.3 Million, up 13% Versus Prior Year and Above High-End of Guidance Range(1) Fiscal 2024 Operating Income of $111.9 Million and AOI of $211.5 Million, Both Above High-End of Guidance Range(1)(2) NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. Fiscal 2024 marked the first full year of operations for MSG Entertainment as a standalone public company. During the year, the C
NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Friday, August 16, 2024 at 8:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "E
FY24 Revenue Range Narrowed to $940-950 Million, as Compared to Prior Range of $930-950 Million FY24 Operating Income Range Increased to $100-110 Million, Versus Prior $95-105 Million FY24 AOI Range Increased to $200-210 Million, as Compared to $195-205 Million Previously (1) NEW YORK, May 9, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2024. The fiscal 2024 third quarter was highlighted by the continued strength of the Company's
NEW YORK, May 2, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2024 on Thursday, May 9, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events." For those
FY24 Revenue Range Increased to $930-950 Million, a 10% Increase Year-Over-Year at Midpoint of Range FY24 Operating Income Range Increased to $95-105 Million and AOI Range Increased to $170-180 Million Record-Setting Revenues for Christmas Spectacular Production, With Over One Million Tickets Sold Bookings Business Remains On Track to Deliver Low Double-Digit Percentage Increase in Events in FY2024 NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal second quarter ended December 31, 2023.
Grau to Become Executive Vice President and Chief Financial Officer on April 1 NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") today announced that Michael Grau, a seasoned leader with nearly 40 years of experience, will join the company on February 12 as Executive Vice President, Finance. Following a transition period, Mr. Grau will also assume the responsibilities of Chief Financial Officer on April 1. In this role, Mr. Grau will work closely with MSG Entertainment's executive management team to support the
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NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2024. Since the start of fiscal 2025, the Madison Square Garden Arena ("The Garden") has hosted a record number of concerts for a fiscal first quarter and, last month, welcomed back the New York Knicks ("Knicks") and the New York Rangers ("Rangers") for the start of their 2024-25 regular seasons at The Garden. Later today, the Christmas Spectacular production kicks o
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2024 on Friday, November 8, 2024 at 8:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events." Fo
Fiscal 2024 Revenues of $959.3 Million, up 13% Versus Prior Year and Above High-End of Guidance Range(1) Fiscal 2024 Operating Income of $111.9 Million and AOI of $211.5 Million, Both Above High-End of Guidance Range(1)(2) NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. Fiscal 2024 marked the first full year of operations for MSG Entertainment as a standalone public company. During the year, the C
NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Friday, August 16, 2024 at 8:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "E
FY24 Revenue Range Narrowed to $940-950 Million, as Compared to Prior Range of $930-950 Million FY24 Operating Income Range Increased to $100-110 Million, Versus Prior $95-105 Million FY24 AOI Range Increased to $200-210 Million, as Compared to $195-205 Million Previously (1) NEW YORK, May 9, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2024. The fiscal 2024 third quarter was highlighted by the continued strength of the Company's
NEW YORK, May 2, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2024 on Thursday, May 9, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events." For those
FY24 Revenue Range Increased to $930-950 Million, a 10% Increase Year-Over-Year at Midpoint of Range FY24 Operating Income Range Increased to $95-105 Million and AOI Range Increased to $170-180 Million Record-Setting Revenues for Christmas Spectacular Production, With Over One Million Tickets Sold Bookings Business Remains On Track to Deliver Low Double-Digit Percentage Increase in Events in FY2024 NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal second quarter ended December 31, 2023.
NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2023 on Wednesday, February 7, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "Events.
Delivered First Full Year of Live Events at the Company's Venues Since Fiscal 2019Hosted More than 5.5 Million Guests at Nearly 900 Live Events in Fiscal 2023$90 Million in MSGE Class A Shares Repurchased Since Becoming a Standalone Company in April 2023Company Issues Fiscal 2024 Revenue, Operating Income and Adjusted Operating Income Guidance NEW YORK, Aug. 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2023. Fisca
NEW YORK, Aug. 11, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2023 on Friday, August 18, 2023, at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading
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Shares of Madison Square Garden Entertainment Corp (NYSE:MSGE) climbed in early trading on Wednesday. The company is well-positioned to beat fiscal 2025 consensus expectations for revenues, adjusted operating income and free cash flows, according to Goldman Sachs’ Stephen Laszczyk. The Madison Square Garden Analyst: Laszczyk upgraded the rating for Madison Square Garden from Neutral to Buy, while raising the price target from $41 to $45. The Madison Square Garden Thesis: The company faces a strong event bookings environment at its arena and theaters, with upside driven by "a combination of strong supply of concert tours (across both legacy and new artists) and fan demand for live en
Goldman Sachs analyst Stephen Laszczyk upgrades Madison Square Garden (NYSE:MSGE) from Neutral to Buy and raises the price target from $41 to $45.
Financial Guidance As a result of the positive momentum across its operations, the Company is narrowing its fiscal 2024 guidance for revenues and increasing its fiscal 2024 guidance for operating income and adjusted operating income. The Company currently expects the following: Revenues of $940 million to $950 million, as compared to its prior range of $930 to $950 million. Operating income of $100 million to $110 million, as compared to the prior range of $95 to $105 million. Adjusted operating income of $200 million to $210 million, as compared to the prior range of $195 to $205 million. The Company's AOI range now includes approximately $25 million in non-cash operating lease rev
Madison Square Garden (NYSE:MSGE) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $11. This is a 85.71 percent decrease over earnings of $0.42 per share from the same period last year. The company reported $228.313 million in sales this quarter. This is a 13.46 percent increase over sales of $201.229 million the same period last year.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) shares are trading lower after it reported third-quarter FY24 results. Revenue rose 13% Y/Y to $228.3 million, missing the analyst consensus of $324.6 million. Revenues from entertainment offerings rose 13% Y/Y to $146.2 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements. Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by a higher number of concerts held at the venues and the impact of five more Knicks home games. Event-related revenues increased $10.7 million compared to the prior year, aid
Financial Guidance As a result of the positive momentum across its operations, the Company is narrowing its fiscal 2024 guidance for revenues and increasing its fiscal 2024 guidance for operating income and adjusted operating income. The Company currently expects the following: Revenues of $940 million to $950 million, as compared to its prior range of $930 to $950 million. Operating income of $100 million to $110 million, as compared to the prior range of $95 to $105 million. Adjusted operating income of $200 million to $210 million, as compared to the prior range of $195 to $205 million. The Company's AOI range now includes approximately $25 million in non-cash operating lease rev
Madison Square Garden (NYSE:MSGE) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.12) by 150 percent. This is a 85.71 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $228.313 million which missed the analyst consensus estimate of $324.634 million by 29.67 percent. This is a 13.46 percent increase over sales of $201.229 million the same period last year.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) shares are trading higher on Wednesday. The company reported second-quarter revenue of $402.66 million, beating the analyst consensus of $301.83 million. Revenues jumped 13% year over year. In addition, the company reported an adjusted operating income of $151.0 million, up by $24.7 million from the prior year quarter. Event-related revenues increased $44.3 million as compared to the prior year period. This primarily reflected an increase in the number of concerts and other live entertainment and sporting events. Executive Chairman and CEO James L. Dolan said, “We continue to see robust demand for our portfolio of live enterta
Madison Square Garden (NYSE:MSGE) reported quarterly earnings of $2.59 per share which beat the analyst consensus estimate of $1.91 by 35.6 percent. This is a 37.77 percent increase over earnings of $1.88 per share from the same period last year. The company reported quarterly sales of $402.67 million which beat the analyst consensus estimate of $385.41 million by 4.48 percent. This is a 13.15 percent increase over sales of $355.88 million the same period last year.
Goldman upgraded Madison Square Garden Entertainment from Neutral to Buy and set a new price target of $45.00 from $41.00 previously
BofA Securities initiated coverage of Madison Square Garden Entertainment with a rating of Buy and set a new price target of $41.00
JP Morgan initiated coverage of Madison Square Garden Entertainment with a rating of Neutral and set a new price target of $38.00
Macquarie initiated coverage of Madison Square Garden Entertainment with a rating of Outperform and set a new price target of $43.00
Morgan Stanley initiated coverage of Madison Square Garden Entertainment with a rating of Equal-Weight and set a new price target of $40.00
Goldman initiated coverage of Madison Square Garden Entertainment with a rating of Neutral and set a new price target of $40.00
Guggenheim initiated coverage of Madison Square Garden Entertainment with a rating of Buy and set a new price target of $37.00
Seaport Research Partners initiated coverage of Madison Square Garden Entertainment with a rating of Buy and set a new price target of $36.00
Morgan Stanley upgraded MSG Entertainment from Underweight to Equal-Weight and set a new price target of $50.00
Jefferies downgraded MSG Entertainment from Buy to Hold and set a new price target of $49.00 from $100.00 previously