Madison Square Garden Entertainment Corp. Reports Fiscal 2027 First Quarter Results

NEW YORK, N.Y., November 4, 2026 - Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2026.

The fiscal 2027 first quarter was marked by a diverse slate of live entertainment offerings across the Company's portfolio of venues. This included a new record for the number of concerts in any quarter at the Madison Square Garden Arena ("The Garden"). Subsequent to the end of the quarter, the New York Knicks ("Knicks") and New York Rangers ("Rangers") began their 2026-27 regular seasons at The Garden. And later today, the Christmas Spectacular production begins its 2026 holiday season at Radio City Music Hall with 231 planned performances as compared to 215 in fiscal 2026. In addition, during the fiscal 2027 first quarter, the Company repurchased approximately $25 million of its Class A common stock, bringing total share repurchases since the Company was spun off from Sphere Entertainment Co. in 2023 to approximately $230 million.

For the fiscal 2027 first quarter, the Company reported revenues of $217.1 million, an increase of $58.9 million, or 37%, as compared to the prior year quarter. In addition, the Company reported operating income of $9.7 million, an increase of $39.5 million, and adjusted operating income of $34.3 million, an increase of $27.2 million, both as compared to the prior year quarter.⁽¹⁾

Executive Chairman and CEO James L. Dolan said, "Our business is off to a strong start in fiscal 2027. We expect our live entertainment offerings to continue benefiting from healthy demand and we remain well positioned to drive robust growth in both revenue and adjusted operating income this fiscal year."

Click here to read the full press release.