MSGE

Madison Square Garden Entertainment Corp.

Ticker: MSGEConsumer DiscretionaryServices
HQ NEW YORK, NYCIK 1952073FY end 06-30Book / share $0.95Shares 48M
Revenue (FY)
$1.06B+12.52%
Op. margin
13.34%+0.39%
Net income
$66.19M+76.82%
Operating cash
$351.44M+204.81%
Free cash flow
$323.09M+247.13%
Return on equity
165.09%+513.68%
Debt / equity
12.47+57.52%
Shares outstanding
48.0M-0.68%

The business

Madison Square Garden Entertainment Corp. (NYSE: MSGS) operates as a leader in live entertainment experiences through its portfolio of iconic venues and marquee entertainment content. The company's website is www.msg.com. MSGS was originally incorporated in Delaware in September 2022 as a wholly-owned subsidiary of Sphere Entertainment Co. and was spun off through a distribution to Sphere Entertainment shareholders on April 20, 2023, with Sphere Entertainment subsequently divesting its remaining stake through secondary offerings in 2023. The company converted to a Nevada corporation in June 2025.

The company manages its business through a single reportable segment focused on producing, presenting and hosting live entertainment events across five venues: Madison Square Garden, the Infosys Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre in New York City, and The Chicago Theatre in Chicago. These venues range in seating capacity from approximately 2,800 to 21,000 seats. In fiscal year 2026, MSGS hosted approximately 6.4 million guests at nearly 960 events.

MSGS generates revenue through multiple streams including venue licensing to third-party promoters, direct promotion and co-promotion of events, premium hospitality offerings, and its wholly-owned Christmas Spectacular production featuring the Radio City Rockettes. The company also hosts home games for two major professional sports franchises under long-term agreements: the New York Knicks of the NBA and the New York Rangers of the NHL through licensing arrangements with MSG Sports.

The company employs approximately 1,060 full-time employees and 5,200 part-time employees as of June 30, 2026, with approximately 70 percent represented by unions. The business maintains significant competitive advantages through its portfolio of world-renowned venues, deep industry relationships attracting top-tier performers, expertise in venue management and premium hospitality, proprietary customer data from millions of guests, and iconic entertainment brands including the Rockettes, which celebrated their 100th anniversary in 2025. All revenues and assets are concentrated in the United States, with the majority in New York City.

Sector
Consumer Discretionary
Industry
Services
HQ
NEW YORK, NY
FY end
06-30
CIK
1952073
SIC
7990
Financial performance · annual
20232026
$-106.08M$212.16M$530.39M$848.63M$1.17B2023202420252026

Ownership

Who holds Madison Square Garden Entertainment Corp. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

225
funds hold it
0 of 35
superinvestors hold it
$1.06B
fund-held value
34.2%
of shares held by funds

Top fund holders

Fund% of fundValue
Ariel Fund
ARGFX · Ariel Investment Trust
5.26%$152.31M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%$98.94M
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%$82.84M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%$71.21M
ClearBridge Growth Fund
SHRAX · Legg Mason Partners Investment Trust
1.21%$50.90M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

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15 years of Madison Square Garden Entertainment Corp.'s financials

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