MADISON SQUARE GRDN ENTERTNMNT - MSGE STOCK NEWS

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.

MSG Entertainment partners with Earth Brands to promote sustainability at Madison Square Garden by replacing single-use plastics with eco-conscious products like Earth Cups and Earth Lids.

Madison Square Garden Entertainment Corp. and the Garden of Dreams Foundation announce the return of Garden of Laughs, a comedy benefit event featuring top comedians like Bill Burr and Jon Stewart. The event will take place on March 27, 2024, at The Theater at Madison Square Garden, with ticket sales starting on February 16, 2024, at 10:00 AM. All proceeds will benefit the Garden of Dreams Foundation.

Madison Square Garden Entertainment Corp. (NYSE: MSGE) reported a 10% increase in FY24 revenue to $930-950 million and a 13% increase in revenues for the fiscal 2024 second quarter. The Christmas Spectacular production saw record-setting revenues, with over one million tickets sold. The company is on track for a low double-digit percentage increase in events in FY2024.

MSG Entertainment announced the appointment of Michael Grau as Executive Vice President, Finance, and future Chief Financial Officer. Grau brings nearly 40 years of experience to the role, previously serving as CFO at Altice USA and in various leadership roles at Cablevision Systems Corporation. He will provide strategic financial insight and oversee the Company's financial matters, reporting to MSG Entertainment's Executive Chairman and CEO. Grau's appointment is expected to support the long-term direction of the company and drive business priorities.

Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss its fiscal second-quarter results on February 7, 2024. The Company will release its results prior to the market opening and provide access to the call via telephone and webcast. A recording of the call will also be available for those unable to participate. The call replay and webcast will be accessible for a limited time.

Madison Square Garden Entertainment Corp. (NYSE: MSGE) and Sphere Entertainment Co. (NYSE: SPHR) have appointed Laura Franco as the Executive Vice President and General Counsel for both companies. Ms. Franco, with over 30 years of legal experience, will oversee all legal functions across various disciplines, supporting long-term direction and growth.

MSG Entertainment (MSG) announced the addition of six more performances to the 2023 run of the Christmas Spectacular Starring the Radio City Rockettes, extending the show until January 4, 2024. The show, presented by QVC, features nine numbers and a reimagined lyrical number 'Dance of the Frost Fairies.' The Christmas Spectacular has brought joy to over 70 million people since 1933. The partnership with QVC provides prime exposure for the brand to millions of Rockettes fans worldwide. Tickets start at $49 at the Ticketmaster Box Office or $65 online. The show offers accommodations for guests with sensory needs and accessibility requirements.