Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Second Quarter Results

Christmas Spectacular Production Achieves Record-Setting Revenues in 92^nd Holiday Season

Over 1.2 Million Tickets Sold, Marking the Production's Highest Level of Attendance in 25 Years

NEW YORK, N.Y., February 3, 2026 - Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal second quarter ended December 31, 2025.

The fiscal 2026 second quarter was highlighted by the Christmas Spectacular production's record-setting run. During its 92^nd holiday season, which ended in January, over 1.2 million tickets were sold across 215 paid performances, marking the highest level of attendance in 25 years and compares to approximately 1.1 million tickets sold across 200 shows last season. During the quarter, the Company also hosted a busy schedule of events, with growth in the number of bookings events as compared to the prior year quarter, as well as the start of the New York Knicks ("Knicks") and the New York Rangers ("Rangers") 2025-26 regular seasons at the Madison Square Garden Arena ("The Garden").

For the fiscal 2026 second quarter, the Company reported revenues of $459.9 million, an increase of $52.5 million, or 13%, as compared to the prior year quarter. In addition, the Company reported operating income of $163.8 million, an increase of $24.8 million, or 18%, and adjusted operating income of $190.4 million, an increase of $26.4 million, or 16%, both as compared to the prior year quarter.⁽¹⁾

Executive Chairman and CEO James L. Dolan said, "We have seen strong momentum across our business in fiscal '26, including for the Christmas Spectacular production and bookings. Looking ahead, we remain on track to drive robust growth in both revenue and adjusted operating income this fiscal year."

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