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.
Madison Square Garden Entertainment Corp. (MSGE) reported a strong fiscal Q1 2022 with revenues soaring to $294.5 million, a $124.0 million increase year-over-year. The profitability of Tao Group Hospitality continued, benefiting from strong consumer demand, especially in Las Vegas. Despite an operating loss of $83.3 million, adjusted operating income rose to $10.3 million. The acquisition of MSG Networks is expected to enhance overall performance. However, the MSG Networks segment saw a revenue decline of $15.9 million due to subscriber losses. Overall, the company expresses optimism for continued growth in 2022.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) announces the return of Billy Joel to Madison Square Garden for his 120th lifetime performance on
Madison Square Garden Entertainment Corp. (MSGE) is set to host a conference call on November 9, 2021, at 10:00 a.m. ET to discuss its fiscal first-quarter results ending September 30, 2021. The corresponding press release will be distributed prior to market opening. Participants can join the call by dialing 833-420-0364 with conference ID 6594401. A replay will be available post-call from 1:00 p.m. ET on the same day until November 16, 2021. More details can be found at investor.msgentertainment.com.
Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) have renewed their marketing partnership with JPMorgan Chase (JPM), continuing their role as Marquee Partner. The renewal includes the debut of a new Chase Lounge at Madison Square Garden, exclusively for Chase cardholders, starting with the Knicks home opener. Guests can enjoy complimentary food and beverages. This partnership extends across various MSG venues and includes initiatives like the Chase Sound Check series and community support programs.
Madison Square Garden Sports Corp. (NYSE: MSGS) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) have renewed their marketing partnership with Lexus. This multi-year agreement solidifies Lexus's status as the Official Luxury Auto Partner for prestigious venues including Madison Square Garden and Radio City Music Hall. Lexus will continue to gain significant brand exposure through vehicle displays, signage at games, and integrations during broadcasts. This renewal underscores a strong relationship developed since Lexus first partnered in 2012, focusing on innovative experiences for guests.
MSG Networks has secured a multi-year renewal of its distribution agreement with Verizon Fios. This agreement guarantees that Fios customers will continue to access MSG Networks and live games from prominent teams including the New York Knicks, New York Rangers, and New Jersey Devils. The deal highlights the value of live sports programming, which MSG Networks has been providing for over 50 years, offering around 400 live professional games annually. This partnership strengthens MSG Networks' position in the regional sports landscape.
MSG Networks has been dropped by Comcast from its Xfinity channel lineup in New Jersey and Connecticut, impacting fans of the New York Knicks, New Jersey Devils, New York Rangers, and New York Islanders. This decision comes just as the NBA and NHL seasons commence, depriving viewers of hundreds of live games. MSG Networks criticized Comcast for rejecting reasonable proposals while maintaining the same subscription rates, including a recent 22% increase in regional sports fees. Fans are urged to demand access to their teams via KeepMSG.com.
Madison Square Garden Entertainment Corp. (MSGE) reported financial results for Q4 and fiscal year ended June 30, 2021. Revenues were $99.8 million for Q4, a significant increase from $9.0 million the previous year, but annual revenues fell to $180.4 million from $762.9 million. The company faced an operating loss of $450.2 million for FY 2021. The return of live events and easing restrictions helped drive Q4 revenue increases. MSGE's unrestricted cash balance stood at $1.17 billion, with total combined cash of $1.52 billion. The acquisition of MSG Networks was completed on July 9, 2021.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) will hold a conference call on August 23, 2021, at 10:00 a.m. ET to discuss its fourth-quarter and fiscal year results ending June 30, 2021. A press release detailing these results will be issued prior to market opening. Participants can join via telephone by calling 888-421-7163 and using conference ID 2256668, or through a live webcast available on the company’s investor website.
Madison Square Garden Entertainment Corp. announces that Cirque du Soleil's family holiday theatrical, ‘Twas the Night Before…, is returning to The Chicago Theatre and Hulu Theater at Madison Square Garden. The Chicago run will feature 17 performances from November 26 to December 5, 2021, while the Hulu Theater will host 28 performances from December 9 to December 27, 2021. Tickets, starting at $30 and $40 respectively, will go on sale on August 4, 2021. The production is noted for its acclaim and popularity, having sold out previous engagements, marking a significant holiday offering for families.
FAQ
What is the current stock price of Madison Square Garden Entertainment (MSGE)?
What is the market cap of Madison Square Garden Entertainment (MSGE)?
What is Madison Square Garden Entertainment Corp. known for?
Which venues are part of MSG Entertainment's portfolio?
What significant events does MSG Entertainment produce?
How is MSG Entertainment expanding its offerings?
What recent financial actions has MSG Entertainment taken?
How did MSG Entertainment perform in the fiscal 2024 second quarter?
What are MSG Entertainment's core business segments?
What strategic initiatives is MSG Entertainment focusing on?
What type of events are held at MSG Entertainment's venues?
What is MSG Entertainment's approach to sustainability?
