Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported fourth-quarter results on Wednesday that came in below analyst forecasts. Revenue dropped 17% year-over-year to $154.1 million, underperforming the consensus estimate of $175.06 million, while the company posted a loss of $0.57 per share, missing the expected loss of $0.39.
Following the announcement, MSGE shares dipped slightly, falling 0.10% in after-hours trading.
The decline in quarterly performance was largely driven by reduced event-related revenues, especially from concerts at Madison Square Garden Arena. The company reported an operating loss of $25.8 million, compared with a $8.9 million loss in the same period last year. Adjusted operating income swung to a $1.3 million loss, down from a positive $13.1 million in the prior-year quarter.
“During fiscal 2025, we saw strong demand for our portfolio of entertainment assets. We see this momentum continuing in fiscal 2026, and believe we are well positioned to drive solid revenue and adjusted operating income growth in the year ahead,” said Executive Chairman and CEO James L. Dolan.
For the full fiscal year 2025, MSGE reported revenues of $942.7 million, a 2% decrease from the prior year, while operating income rose 9% to $122.1 million. Throughout the year, the company hosted nearly 6 million guests at more than 975 events and repurchased around $40 million of its Class A common stock.
Food, beverage, and merchandise revenues fell 24% to $26.4 million in the fourth quarter, primarily due to fewer Knicks and Rangers games at The Garden and a decline in the number of concerts held.
Madison Square Garden Entertainment Corp stock price
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