)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
MSG Entertainment (MSGE) investor relations material
MSG Entertainment Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary13 Aug, 2025
Executive summary
Fiscal 2025 saw strong demand with nearly 6 million guests at over 975 events, including record-setting Christmas Spectacular revenues and a Knicks playoff run.
Completed spin-off in April 2023, creating a pure-play live entertainment company with iconic venues in New York and Chicago.
Christmas Spectacular set a new record with 1.1 million tickets sold and $170 million in revenue across 200 performances.
Strategic focus remains on increasing event count, per-event profitability, and expanding sponsorship and premium hospitality businesses.
Maintains long-term arena license agreements with MSG Sports for Knicks and Rangers home games.
Financial highlights
Fiscal 2025 revenue reached $942.7 million, with adjusted operating income (AOI) of $222.5 million, a 5% year-over-year increase.
Operating income for fiscal 2025 was $122.1 million, up 9% year-over-year.
Fiscal Q4 revenue was $154.1 million, down 17% year-over-year, mainly due to fewer concerts and sports events at The Garden.
Q4 AOI decreased by $14.4 million to a loss of $1.3 million, reflecting lower revenues and higher SG&A expenses.
Sponsorship, signage, and suites contributed 27% of total revenue.
Outlook and guidance
Management expects continued momentum and projects solid revenue and AOI growth for fiscal 2026.
Expecting growth in total events, especially concerts, in fiscal 2026, including a return to concert growth at The Garden.
Christmas Spectacular show count to increase to 211, with advanced ticket revenue pacing ahead of last year.
Anticipate solid AOI growth and substantial free cash flow in fiscal 2026, with potential for modest AOI margin expansion despite higher SG&A.
Focus on debt paydown and opportunistic return of capital to shareholders.
Explain the drivers behind the 2% revenue decrease in fiscal 2025.
What is the outlook for revenue and AOI growth in fiscal 2026?
Detail the reasons for the decrease in Q4 food/bev/merch revenues.
How is the Christmas Spectacular pacing?
What is driving growth in fiscal '26?
Any updates on a new Garden residency?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next MSG Entertainment earnings date
Q1 20267 Nov, 2025
Next MSG Entertainment earnings date
Q1 20267 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Madison Square Garden Entertainment Corp. (MSG Entertainment) is an American entertainment holding company specializing in live entertainment. It operates a collection of iconic venues, including New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre, among others. The company is renowned for producing, presenting, and hosting a diverse range of entertainment and sports events, delivering unforgettable experiences to millions of fans each year. Its operations encompass live entertainment experiences, sports bookings, and the production of various special events. The company is headquartered in New York City, New York, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage