{"id":847129,"date":"2025-05-06T07:41:53","date_gmt":"2025-05-06T11:41:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-reports-fiscal-2025-third-quarter-results\/"},"modified":"2025-05-06T07:41:53","modified_gmt":"2025-05-06T11:41:53","slug":"madison-square-garden-entertainment-corp-reports-fiscal-2025-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-reports-fiscal-2025-third-quarter-results\/","title":{"rendered":"MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2025 THIRD QUARTER RESULTS"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n
\n FY25 Third Quarter Revenues of $242.5 Million<\/span>, Up 6% Versus the Prior Year Quarter
<\/i>
\n <\/b>
\n
\n FY25 Third Quarter Operating Income of $27.3 Million<\/span>, an Increase of 63% Year-Over-Year
<\/i>
\n <\/b>
\n
\n FY25 Third Quarter AOI of $57.9 Million<\/span>(1)<\/sup>, Up 50% Versus the Prior Year Quarter
<\/i>
\n <\/b>
\n
\n
\n $40 Million<\/span> in MSGE Class A Shares Repurchased in FY2025 Year-To-Date, Including $15 Million<\/span> in March\u00a0<\/i>
\n <\/b>\n <\/p>\n

\n
\n NEW YORK<\/span>
\n <\/span>, May 6, 2025<\/span><\/span> \/PRNewswire\/ — Madison Square Garden Entertainment Corp. (NYSE:\u00a0MSGE) (“MSG Entertainment” or the “Company”) today reported financial results for the fiscal third quarter ended March 31, 2025<\/span>.<\/p>\n

\n

\n
\n \"Madison
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The fiscal 2025 third quarter was highlighted by a diverse slate of live entertainment events held across the Company’s portfolio of venues, which \u2013 in addition to concerts \u2013 included special events, family shows and marquee sports, as well as the conclusion of this year’s record-setting Christmas Spectacular<\/i> run in January. During the quarter, the New York Knicks (“Knicks”) and New York Rangers (“Rangers”) continued their 2024-25 regular seasons at the Madison Square Garden Arena (“The Garden”). In addition, in March, the Company repurchased approximately $15 million<\/span> of its Class A common stock, bringing total share repurchases in fiscal 2025 to approximately $40 million<\/span>.<\/p>\n

For the fiscal 2025 third quarter, the Company reported revenues of $242.5 million<\/span>, an increase of $14.2 million<\/span>, or 6%, as compared to the prior year quarter. In addition, the Company reported operating income of $27.3 million<\/span>, an increase of $10.5 million<\/span>, or 63%, and adjusted operating income of $57.9 million<\/span>, an increase of $19.3 million<\/span>, or 50%, both as compared to the prior year quarter.(1)<\/sup><\/p>\n

Executive Chairman and CEO James L. Dolan<\/span> said, “Our third quarter results reflect continued strong consumer and corporate demand as well as a wide variety of live events across our venues. We remain on track to deliver solid adjusted operating income growth this fiscal year and believe we are well-positioned to drive long-term value for our shareholders.”<\/p>\n

\n Results for the Three and Nine Months Ended March\u00a031, 2025 and 2024:<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Nine Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n March 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n March 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n $ millions<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n %<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n %<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Revenues<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0 242.5<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0 228.3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 14.2<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 788.6<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 773.2<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 15.4<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating Income<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 27.3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 16.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 10.5<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 63\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 147.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 120.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 27.0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 22\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted Operating Income (1)<\/sup><\/span><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 57.9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 38.5<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 19.3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 50\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 223.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0 198.4<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $\u00a0\u00a0\u00a0\u00a0 25.4<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 13\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n<\/tr>\n
\n

\n Note: Amounts may not foot due to rounding. NM – Absolute percentages greater than 200% and comparisons from positive to negative values or to zero values are not considered meaningful.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (1)<\/sup>\u00a0See page 4 of this earnings release for the definition of adjusted operating income (loss) included in the discussion of non-GAAP financial measures.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n
\n Entertainment Offerings, Arena License Fees and Other Leasing
<\/u>
\n <\/b>Fiscal 2025 third quarter revenues from entertainment offerings of $160.2 million<\/span> increased $14.0 million<\/span>, or 10%, as compared to the prior year period, primarily due to higher revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements, an increase in revenues from the Christmas Spectacular<\/i> production and higher revenues from venue-related sponsorship, signage and suite licenses fees, partially offset by lower-event related revenues.<\/p>\n