Rising Costs Eat Into Madison Square Garden Profits - Madison Square Garden (NYSE:MSGE)
Revenue rose 2% to $246.3 million, but higher operating and administrative costs drove net income down 36%, the company said.
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More Concerts at ‘The World’s Most Famous Arena’ Boost MSGE Revenue to $246 Million
Madison Square Garden Entertainment reported on Thursday (May 7) revenue for its third fiscal quarter rose 2% to $246.3 million as The Garden hosted more concerts in the quarter, including from Cardi B, but profit fell 36% on higher event, suite licensing and healthcare costs. Related Q1 2026 Earnings: Here’s What Every Music Company Made (Upd…
Rising Costs Eat Into Madison Square Garden Profits - Madison Square Garden (NYSE:MSGE)
Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported its fiscal third-quarter results Thursday. The company showcased strong top-line growth but faced pressure on its bottom line due to rising operational costs. Mixed Results On The Bottom Line The entertainment giant posted quarterly earnings of 11 cents per share. This figure missed the analyst consensus estimate of 16 cents. It also represents a decline from the 17 cents per share r…
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