MSG Entertainment Q1 revenue rockets 37% to $217.1M
Key points
- Madison Square Garden Entertainment reported fiscal first-quarter 2027 revenue of $217.1 million, up 37% year over year, driven by increased concert activity.
- Net income reached $8.9 million, reversing a $21.7 million loss, while earnings of $0.19 per share exceeded Wall Street expectations.
- The company expects continued growth in live entertainment, with 231 Christmas Spectacular performances planned for the 2026 holiday season.
Madison Square Garden Entertainment (NYSE:MSGE) reported fiscal first-quarter 2027 revenue of $217.1 million, up 37%, as concert activity increased.
Revenue rose from $158.3 million a year earlier, while net income reached $8.9 million, reversing a $21.7 million loss.
Operating income reached $9.7 million, compared with a $29.7 million loss, while adjusted operating income increased to $34.3 million.
Madison Square Garden Entertainment expects continued revenue growth as Radio City Music Hall begins its 231-performance Christmas Spectacular holiday season.
Concert revenue increased $30.1 million, while food, beverage and merchandise revenue rose 56% to $35.7 million during the quarter.
The company repurchased approximately $25 million in shares, bringing total repurchases since its 2023 separation from Sphere Entertainment to $230 million.
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