Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. operates as a holding company. It operates through the following segments: Entertainment, MSG Networks, and Tao Group Hospitality. The Entertainment segment includes a portfolio of venues: Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre. The MS Networks segment consists of the company's regional sports and entertainment networks. The Tao Group Hospitality segment operates entertainment dining and nightlife venues in New York City, Las Vegas, Los Angeles, Chicago, Singapore and Sydney, Australia. The company was founded in 2010 and is headquartered in New York, NY.

Earnings data Q3 2021

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Madison Square Garden Entertainment reports record Q1 revenues and partnerships

MSGE's Q1 2025 performance showed revenue growth and a focus on debt reduction and shareholder returns.
Despite challenges in concert bookings and lower per caps, the company sees opportunities in the Christmas Spectacular and artist development.
Strong partnerships and sales activity in premium hospitality suites are key strengths driving revenue growth.
The company faces challenges in concert revenue mix and labor cost increases but remains optimistic about future growth opportunities.

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Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.

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.

Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Third Quarter Conference Call

Madison Square Garden Entertainment is recommended as a buy due to strong growth outlook and visibility through FY24 and FY25. MSGE's recent results show revenue growth of 13% and strong adj. EBIT performance, validating expectations for FY24 estimates. Strong demand and high visibility into bookings, including record-breaking concerts and sold-out shows, support the positive outlook for MSGE.

Madison Square Garden Entertainment: Strong Visibility Into FY24/25 Growth

Here is how Madison Square Garden Entertainment (MSGE) and Rush Street Interactive, Inc. (RSI) have performed compared to their sector so far this year.

Are Consumer Discretionary Stocks Lagging Madison Square Garden Entertainment Corp. (MSGE) This Year?

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Is Madison Square Garden Entertainment Corp. (MSGE) Stock Outpacing Its Consumer Discretionary Peers This Year?

Earth Brands Products will be Available Throughout Arena, As Part of the Venue's Ongoing Commitment to Sustainability   NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) announced today that Earth Brands, the eco-conscious startup dedicated to combating single-use plastic products, has been named an Official Partner of Madison Square Garden. Earth Brands products, including Earth Cups and Earth Lids, will be used at all concession stands and hospitality spaces during all events at The Garden – both sporting events and live entertainment.

EARTH BRANDS NAMED AN OFFICIAL PARTNER OF MADISON SQUARE GARDEN

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MSGE, AZEK, XRX, AMSC and SRTS have been added to the Zacks Rank #1 (Strong Buy) List on February 12, 2023.

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Madison Square Garden Entertainment Corp. (MSGE) Q2 2024 Earnings Call Transcript

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. The fiscal 2024 second quarter was highlighted by the Christmas Spectacular production's record-setting holiday season run and robust growth across the Company's bookings business.

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 SECOND QUARTER RESULTS

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.

MSG ENTERTAINMENT NAMES MICHAEL GRAU EXECUTIVE VICE PRESIDENT, FINANCE

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.

Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Second Quarter Conference Call

Sphere Entertainment Co

NEW YORK , Feb. 1, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") and Sphere Entertainment Co. (NYSE: SPHR) today announced that Laura Franco, an accomplished executive with more than 30 years of legal experience, has been named Executive Vice President and General Counsel for both companies, effective February 20. Ms. Franco will serve as both companies' chief legal officer, working closely with their respective leadership teams to support long-term direction and growth.

MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT NAME LAURA FRANCO EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL

It's Beginning To Look A Lot Like Christmas In Las Vegas! The Radio City Rockettes Iconic Precision Choreography To Be Showcased In New Festive Activation  Featuring Dancing Wrapping 360 Degrees Around the Venue LAS VEGAS and NEW YORK ,  Nov. 28, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ('Sphere Entertainment') and Madison Square Garden Entertainment Corp. (NYSE: MSGE) ('MSG Entertainment') announced today that the Radio City Rockettes, the stars of the beloved Christmas Spectacular Starring the Radio City Rockettes that runs annually at Radio City Music Hall in New York, will be featured daily throughout the holiday season on the Exosphere, the fully programmable LED exterior of Sphere in Las Vegas.

Sphere To Feature First-Of-Its-Kind Exosphere Activation With The Radio City Rockettes This Holiday Season

Madison Square Garden Entertainment Corp. (NYSE:MSGE ) Q1 2024 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Ari Danes – Senior Vice President, Investor Relations and Treasury Dave Byrnes – Executive Vice President and Chief Financial Officer Conference Call Participants Peter Supino – Wolfe Research Stephen Laszczyk – Goldman Sachs Brandon Ross – Lightshed Partners Ben Swinburne – Morgan Stanley David Karnovsky – J.P. Morgan Peter Henderson – Bank of America Operator Good morning.

Madison Square Garden Entertainment Corp. (MSGE) Q1 2024 Earnings Call Transcript

Company Continues to See FY2024 Revenues of $900-930 Million and AOI of $160-$170 Million (1) Company Updates FY2024 Operating Income Range to $85-$95 Million (2) On Track to Deliver Low Double-Digit Percentage Increase in Bookings Events in FY2024 Due to Strong Demand, Two Shows Added to Upcoming Christmas Spectacular Run, Bringing Total to 187 Shows NEW YORK , Nov. 7, 2023 /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, 2023. The fiscal 2024 first quarter marked the start of MSG Entertainment's first full fiscal year as a standalone public company.

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

New York, New York--(Newsfile Corp. - November 2, 2023) - Earth Brands, the eco-conscious startup dedicated to combating the use of single-use plastic products, announced today that it has successfully closed a $4M Series A round, bringing its total funding to date to over $6M. The NYC-based startup, founded in 2021 by Misha Medvedev and Peter Frelinghuysen, both recognized in this year's Forbes 30 Under 30's Social Impact Category, is best known for its innovative and popular Earth Cups, sustainable alternatives to traditional single-use plastic cups.

Earth Brands Adds $4M in Equity Funding and Secures Deals with Madison Square Garden and Formula 1 in Q4

NEW YORK , Oct. 31, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2023 on Tuesday, November 7, 2023 at 10:00 a.m. Eastern Time.

Madison Square Garden Entertainment Corp. to Host Fiscal 2024 First Quarter Conference Call

The New York Knicks will debut a new jersey patch sponsor this season with Sphere Entertainment, a company also owned by the team's owner James Dolan.

Knicks sign jersey patch deal with owner James Dolan's Sphere Entertainment

I like MSGE because of its expected performance, secular growth prospects, and commitment to returning capital to shareholders. MSGE reported strong quarterly results, exceeding revenue expectations and showing resilience.

Madison Square Garden Entertainment: Should Grow As Guided, And Experience Long-Term Secular Tailwinds

The Las Vegas Sphere is a $2.3 billion entertainment venue that is described as a "game changer" in live entertainment. Sphere Entertainment Co.'s unique asset and content structure will likely produce higher gross margins than Street estimates.

A Deep Dive Into Sphere's Unit Economics And Valuation

NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced the pricing of the previously announced underwritten secondary offering by Sphere Entertainment Group, LLC (the "Selling Stockholder") of 7,150,000 shares of MSG Entertainment's Class A common stock at a public offering price of $32.50 per share.

Madison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Share Repurchase

The latest and final stock sale of Madison Square Garden Entertainment by its former parent, Sphere Entertainment, looks bullish for the owner of the Madison Square Garden arena in Manhattan.

MSG Entertainment Stock Looks Set to Rise

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These 2 Stocks Are Seeing Some Big Selling Monday Morning

Madison Square Garden Entertainment Corp.'s stock MSGE, -0.58% fell 5.3% premarket Monday, after the company said selling shareholder Sphere Entertainment Group LLC has launched a secondary offering of 7.2 million shares. Sphere intends to grand underwriters BofA Securities, Goldman Sachs and JPMorgan a 30-day option to purchase up to an additional 1.07 million shares.

Madison Square Garden Entertainment says shareholder Sphere has commenced a secondary offering of 7.2 million shares

NEW YORK , Sept. 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced that Sphere Entertainment Group, LLC (the "Selling Stockholder") has commenced an underwritten secondary offering of 7,150,000 shares of MSG Entertainment's Class A common stock.

Madison Square Garden Entertainment Corp. Announces Secondary Offering and Share Repurchase

New Entity 'Crown Properties Collection' to Manage Global Partnerships Portfolio for Premier Assets Including Sphere, MSG Entertainment's Venues and Live Entertainment Properties, and MSG Sports' Professional Sports Teams Jay Voelker to Lead New Entity as President LOS ANGELES and NEW YORK , Sept. 7, 2023 /PRNewswire/ -- In a groundbreaking move that will establish the first global partnership company of its kind, Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") and Sphere Entertainment Co. (NYSE: SPHR), (together "the MSG family of companies"), and Oak View Group ("OVG"), today announced the founding of Crown Properties Collection ("CPC").

OAK VIEW GROUP TOGETHER WITH MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT ANNOUNCE FORMATION OF 'CROWN PROPERTIES COLLECTION' TO MANAGE ELITE VENUE PARTNERSHIPS AND SPONSORSHIPS WORLDWIDE

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