Madison Square Garden Entertainment Corp. (MSGE) reported its fiscal first-quarter 2025 results, showing a slight revenue decline but a significant improvement in profits. While event-related revenues dipped, the company saw strong performance in premium hospitality and secured new sponsorship deals.
Madison Square Garden Entertainment Corp (MSGE) saw a strong finish to its fiscal year, reporting a 26% year-over-year revenue increase and exceeding analyst expectations. This growth was driven by a robust concert lineup, the successful Christmas Spectacular, and higher food and beverage sales at sporting events.
Madison Square Garden Entertainment Corp. (MSGE) is set to release its fiscal fourth-quarter earnings on Friday, August 16th. Analysts predict a quarterly loss but expect revenue growth compared to the previous year. The company’s recent performance and analyst ratings suggest a mixed outlook for the stock.
