Here are the 10-K annual reports from Madison Square Garden Entertainment Corp. (MSGE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MSGE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSGE filings page.
Madison Square Garden Entertainment Corp., a Nevada holding company, operates iconic live entertainment venues including Madison Square Garden, Radio City Music Hall, the Beacon Theatre, The Chicago Theatre and the Infosys Theater at Madison Square Garden through a single reportable segment.
The company hosts concerts, sports and its owned Christmas Spectacular, which in Fiscal Year 2026 generated 18% of total revenues and drew part of approximately 6.4 million guests at nearly 960 events
As of June 30, 2026, MSG Entertainment reported $579 million of total indebtedness and benefits from a New York City real estate tax exemption on the Madison Square Garden Complex valued at $45 million for Fiscal Year 2026. The business is geographically concentrated in New York City and subject to extensive regulation, seasonality, unionized labor exposure and significant reliance on key properties and productions.
Madison Square Garden Entertainment Corp. (MSGE) operates a single reportable live-entertainment segment centered on an iconic venue portfolio: Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre. The company produced and hosted a broad mix of concerts, family shows, sporting events and its owned Christmas Spectacular, and in Fiscal Year 2025 hosted nearly 6 million guests across more than 975 events. The Christmas Spectacular accounted for 18% of FY2025 revenues and the Rockettes celebrated their 100th anniversary in 2025.
Corporate and financial highlights: MSGE completed its corporate reorganization history described in the filing and converted to a Nevada corporation on June 9, 2025. As of Dec 31, 2024, the aggregate market value of non-affiliate equity was approximately $1.41 billion. Shares outstanding as of July 31, 2025 were 40,593,104 Class A and 6,866,754 Class B. As of June 30, 2025 total indebtedness was reported at $609 million (including facilities led by MSG National Properties), with $30 million maturing prior to the end of Fiscal Year 2026. The company emphasizes strengths in venue brands, long-term arena license agreements for the Knicks and Rangers, a large proprietary customer database and premium hospitality products, while noting material concentration in New York City, significant seasonality, labor and lease-related risks, the potential loss or change of a real estate tax exemption (FY2025 exemption: $43.0 million), and evolving data-privacy and regulatory exposures.