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Madison Square Garden Entertainment Corp. operates a live entertainment business built around major venues including New York's Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre and The Chicago Theatre. Company news commonly covers fiscal results, event calendars, venue bookings, concerts, sporting events, family shows and special events across that portfolio.
Recurring updates also include the Christmas Spectacular Starring the Radio City Rockettes, venue partnerships and entitlement arrangements, concession and fan-experience agreements, community or benefit events, and leadership or legal-governance appointments tied to MSG Entertainment.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) reported strong financial results for fiscal 2024, exceeding guidance. Revenues increased 13% to $959.3 million, while operating income rose 7% to $111.9 million. The company hosted 6.3 million guests at over 960 events, including a record-setting Christmas Spectacular. For Q4, revenues grew 26% to $186.1 million, with operating loss improving by $12.9 million to $8.9 million. Key drivers included increased event-related revenues, higher arena license fees, and growth in food, beverage, and merchandise sales. The company's unique portfolio of live entertainment offerings positions it for robust adjusted operating income growth in fiscal 2025.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced its upcoming fiscal 2024 fourth quarter and year-end conference call, scheduled for Friday, August 16, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Interested parties can participate via telephone by dialing 888-660-6386 with the conference ID 8020251, or through a webcast available on the company's investor relations website.
For those unable to join the live call, a recording will be accessible by dialing 800-770-2030 (conference ID 8020251) from 12:00 p.m. Eastern Time on August 16 until 11:59 p.m. Eastern Time on August 23, 2024. The webcast replay will also be available on the website until August 23, 2024.
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