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Madison Square Garden Entertainment Corp. - MSGE STOCK NEWS

Welcome to our dedicated page for Madison Square Garden Entertainment news (Ticker: MSGE), a resource for investors and traders seeking the latest updates and insights on Madison Square Garden Entertainment stock.

Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) is a premier leader in live entertainment, delivering memorable experiences and cultivating profound connections with a broad spectrum of enthusiastic audiences. The company's distinguished portfolio comprises iconic venues such as New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre. These venues host a diverse range of events, including sports, concerts, family shows, and special events, attracting millions of guests annually.

One of MSG Entertainment's hallmark productions is the Christmas Spectacular Starring the Radio City Rockettes, a cherished holiday tradition for 90 years, captivating over one million attendees with its stunning performances and intricate choreography. MSG Entertainment continuously evolves, recently announcing a new partnership with Beyond Meat to introduce plant-based meat products at Madison Square Garden, enhancing the fan experience with sustainable and nutritious food options.

Financially, MSG Entertainment has been proactive, showcased by its recent underwritten secondary offering and strategic share repurchase, aimed at optimizing capital allocation and enhancing shareholder value. The company reported a robust fiscal 2024 second quarter, marked by a record-setting Christmas Spectacular season and a significant increase in bookings, underpinning its strong market position and growth trajectory.

Looking ahead, MSG Entertainment remains committed to expanding its live entertainment offerings, leveraging its iconic venues and innovative partnerships to deliver unparalleled experiences. The company's focus on strategic initiatives and operational excellence positions it well for sustained growth and long-term shareholder value.

News

MSG ENTERTAINMENT NAMES MICHAEL GRAU EXECUTIVE VICE PRESIDENT, FINANCE

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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.
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Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Second Quarter Conference Call

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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.
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MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT NAME LAURA FRANCO EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL

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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.
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Due to Overwhelming Demand, Christmas Spectacular Starring the Radio City Rockettes Extends Run to January 4

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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.
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Sphere To Feature First-Of-Its-Kind Exosphere Activation With The Radio City Rockettes This Holiday Season

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Sphere Entertainment Co. (NYSE: SPHR) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) announced a festive Christmas Spectacular activation in Las Vegas featuring the Radio City Rockettes. The Rockettes will be showcased on the Exosphere, the LED exterior of Sphere in Las Vegas, marking the first time the Exosphere has featured dancing wrapped 360 degrees around the venue. The collaboration between Sphere Entertainment and MSG Entertainment brings together two iconic brands in the MSG family of companies, combining art and science to bring wonder to the world.
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MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

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Madison Square Garden Entertainment Corp. (NYSE: MSGE) reported financial results for the fiscal first quarter ended September 30, 2023. The company is on track to achieve a low double-digit percentage increase in events in its bookings business for the fiscal year, with revenues of $142.2 million and an operating loss of $33.4 million. The company is reaffirming its fiscal 2024 guidance for revenues of $900-930 million and AOI of $160-$170 million, while updating its guidance for operating income to $85-$95 million.
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Madison Square Garden Entertainment Corp. to Host Fiscal 2024 First Quarter Conference Call

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Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss its fiscal first quarter results on November 7, 2023. The call will take place at 10:00 a.m. Eastern Time and will be available via telephone or webcast. A recording of the call will be accessible for those unable to participate.
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BEYOND MEAT® NAMED FIRST-EVER OFFICIAL PLANT-BASED MEAT PARTNER OF MADISON SQUARE GARDEN, NEW YORK KNICKS AND NEW YORK RANGERS

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Madison Square Garden partners with Beyond Meat, making them the first-ever Official Plant-Based Meat Partner. Beyond Meat's products will be exclusively featured at the GO BEYOND® GRILL, a dedicated concession stand at Madison Square Garden. The partnership aims to meet the growing demand for nutritious and sustainable food options.
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Madison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Share Repurchase

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MSG Entertainment announces underwritten secondary offering of 7,150,000 shares at $32.50 per share. Company to repurchase 1,602,564 shares at $31.20 per share for $50 million. Revolving credit facility increased to $150 million. Selling Stockholder to receive all net proceeds.
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Madison Square Garden Entertainment Corp. Announces Secondary Offering and Share Repurchase

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Madison Square Garden Entertainment Corp. announces underwritten secondary offering of 7,150,000 shares of Class A common stock. MSG Entertainment to repurchase shares for $50 million. Revolving credit facility increased to $150 million.
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FAQ

What is the current stock price of Madison Square Garden Entertainment (MSGE)?

The current stock price of Madison Square Garden Entertainment (MSGE) is $35.43 as of January 22, 2025.

What is the market cap of Madison Square Garden Entertainment (MSGE)?

The market cap of Madison Square Garden Entertainment (MSGE) is approximately 1.7B.

What is Madison Square Garden Entertainment Corp. known for?

MSG Entertainment is renowned for delivering unforgettable live entertainment experiences through its iconic venues like Madison Square Garden, Radio City Music Hall, and more.

Which venues are part of MSG Entertainment's portfolio?

MSG Entertainment's portfolio includes Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre.

What significant events does MSG Entertainment produce?

One of the most notable events produced by MSG Entertainment is the Christmas Spectacular Starring the Radio City Rockettes, a holiday tradition for 90 years.

How is MSG Entertainment expanding its offerings?

MSG Entertainment is expanding its offerings through new partnerships, like the one with Beyond Meat, and increasing the number of high-profile events hosted at its venues.

What recent financial actions has MSG Entertainment taken?

MSG Entertainment recently announced an underwritten secondary offering and a strategic share repurchase to optimize capital allocation and enhance shareholder value.

How did MSG Entertainment perform in the fiscal 2024 second quarter?

MSG Entertainment reported a strong fiscal 2024 second quarter, with a significant increase in revenue and the successful execution of the Christmas Spectacular season.

What are MSG Entertainment's core business segments?

MSG Entertainment operates through its core business segments, which include live events, venue operations, and original productions like the Christmas Spectacular.

What strategic initiatives is MSG Entertainment focusing on?

MSG Entertainment focuses on strategic initiatives such as expanding its live entertainment offerings, enhancing venue experiences, and optimizing financial performance.

What type of events are held at MSG Entertainment's venues?

MSG Entertainment's venues host a wide array of events, including sporting events, concerts, family shows, and special events, catering to diverse and passionate audiences.

What is MSG Entertainment's approach to sustainability?

MSG Entertainment is committed to sustainability, exemplified by its partnership with Beyond Meat to offer plant-based meat options at Madison Square Garden.
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Madison Square Garden Entertainment Corp.

NYSE:MSGE

MSGE Rankings

#2090 Ranked by Market Cap
N/A Ranked by Dividends

MSGE Stock Data

1.73B
40.17M
3.46%
98.03%
3.32%
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