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MSGE · Madison Square Garden Entertainment Corp.

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$85.44 +1.15 (+1.36%) At close · Aug 14
Market Cap
$4.04B
Shares
47.31M
All earnings calls

Earnings call · FY2026 Q4

Madison Square Garden Entertainment Corp. Fiscal 2026 Fourth Quarter and Year-End Earnings Conference Call

Madison Square Garden Entertainment Corp. Fiscal 2026 Fourth Quarter and Year-End Earnings Conference Call

Concluded Aug 12, 2026 Audio replay
Aug 12, 2026 3:35 8 turns
Period
FY2026 Q4
Runtime
3:35
Sources
4 artifacts

Executive readout · one minute

What matters this quarter

MSGE reported strong fiscal 2026 results with revenue up 13% to $1.06 billion and adjusted operating income up 18% to $262.2 million, and guided to solid adjusted operating income growth in fiscal 2027 driven primarily by concert bookings growth and the NCAA East Regional at the Garden.

Championship run benefit 4 Concert bookings growth 4 Special events 4 Family shows comparison 3 Marquee sports 3 Shared revenue with MSG Sports 2

Management tone

Confident

Net tone +70 · low hedging

Grounding quotes
  • “we are expecting growth across a number of our bookings categories and feel really good about our booking calendar for Fiscal 27”
  • “we expect that growth to be driven primarily by concerts and to a lesser extent, special events and marquee sports”
  • “we face a tough year over year comparison with the absence of Cirque du Soleil's holiday run”
  • “we believe that that strong team performance will benefit this upcoming year in the form of, you know, continued strong in-arena attendance”

Research coverage

4 live sources

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Revenue · derived Q4 $196.32M +27.4% YoY
Net income · derived Q4 -$9.98M

Research materials

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Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Fiscal 2026 revenue rose 13% to $1,060.8 million on robust demand across live entertainment offerings.
  • CEO guided to solid fiscal 2027 growth in adjusted operating income.
  • Company expects fiscal 2027 bookings growth driven primarily by concerts and special events, with the NCAA East Regional returning to the Garden.
  • Fourth quarter revenue increased 27% to $196.3 million with a $7.4 million contribution from MSG Sports agreements tied to the championship run.

Risks & pressure points

  • Family shows face a tough year-over-year comparison in fiscal 2027 due to the absence of Cirque du Soleil's holiday run at the Infosys and Chicago Theaters.
  • Company still reported a fourth quarter operating loss of $8.6 million despite year-over-year improvement.

Key moments

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Full-screen source Call document