Latest news with #MSGE
Yahoo
4 days ago
- Business
- Yahoo
MSG Entertainment (MSGE) Reports Q4 Earnings: What Key Metrics Have to Say
Madison Square Garden Entertainment (MSGE) reported $154.14 million in revenue for the quarter ended June 2025, representing a year-over-year decline of 17.2%. EPS of -$0.50 for the same period compares to $1.41 a year ago. The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $154.56 million. With the consensus EPS estimate being -$0.47, the EPS surprise was -6.38%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how MSG Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Arena license fees and other leasing revenue: $9.01 million compared to the $6.07 million average estimate based on three analysts. The reported number represents a change of +6.2% year over year. Revenues from entertainment offerings: $118.72 million versus the three-analyst average estimate of $125.18 million. Revenues- Food, beverage and merchandise revenues: $26.4 million versus the three-analyst average estimate of $23.31 million. The reported number represents a year-over-year change of -23.9%. View all Key Company Metrics for MSG Entertainment here>>> Shares of MSG Entertainment have returned +1.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Madison Square Garden Entertainment Corp. (MSGE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Madison Square Garden Entertainment Swings to Quarterly Loss as Event Revenue Falls
Madison Square Garden Entertainment (MSGE) swung to a fiscal fourth-quarter loss amid a slump in eve Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Madison Square Garden Takes Hit From Concert Slowdown, Stock Falls
Madison Square Garden Entertainment (NYSE:MSGE) stock dropped after it reported its fiscal fourth-quarter 2025 results. The quarterly revenue declined by 17% year-on-year (Y/Y) to $154.14 million, beating the analyst consensus estimate of $152.24 million. Earnings loss per share of 57 cents missed the analyst consensus loss estimate of 49 from entertainment offerings decreased 17% Y/Y to $118.7 million, primarily due to lower event-related revenues and a decrease in revenues subject to the sharing of economics with Madison Square Garden Sports under the Arena License Agreements. Food, beverage, and merchandise revenues declined 24% Y/Y to $26.4 million. Event-related revenues decreased by $21.6 million due to lower concert revenues. View more earnings on MSGE In addition, the company reported an adjusted operating loss of $1.3 million, versus $13.1 million profit a year ago, primarily due to the decrease in revenues. As of June 30, cash and equivalents stood at $43.5 million. The company said it hosted nearly 6 million guests at more than 975 events, including concerts, special events, family shows, marquee sports, and the New York Knicks' regular season, playoff run, and the New York Rangers' regular season. It sold about 1.1 million tickets for 200 shows of the Christmas Spectacular, generating another year of record-setting revenue. The company also repurchased approximately $40 million of its Class A common stock during the year. Madison Square Garden Entertainment stock gained 13% year-to-date. Price Action: MSGE stock is trading lower by 3.03% to $39.00 premarket at last check Wednesday. Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Madison Square Garden Takes Hit From Concert Slowdown, Stock Falls originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
16-07-2025
- Business
- Yahoo
MSGE Changes State of Incorporation to Nevada
Madison Square Garden Entertainment Corp. (NYSE:MSGE) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 9, Madison Square Garden Entertainment Corp. (NYSE:MSGE) held a special meeting of stockholders, which was conducted via live webcast. The company got approval from its shareholders to officially change its state of incorporation from Delaware to Nevada. Stagehands setting up the equipment for a live entertainment event. Nevada is seen as a business-friendly state. This change does not affect Madison Square Garden Entertainment Corp.'s (NYSE:MSGE) operations, its management, or any material contracts. Additionally, shareholders were not required to exchange their existing stock certificates for new stock certificates. Madison Square Garden Entertainment Corp. (NYSE:MSGE) believes that Nevada offers predictability and certainty in decision-making because of its statutory regime. The company expects that the Nevada re-domestication process will lower the risk of lawsuits against the company, its directors, and officers, which can be time-consuming and expensive. Madison Square Garden Entertainment Corp. (NYSE:MSGE) also expects this move to provide more flexibility for certain corporate transactions. Moreover, the company expects to save nearly $250,000 by being a Nevada corporation instead of a Delaware corporation. For the last franchise tax period, Madison Square Garden Entertainment Corp. (NYSE:MSGE) paid $250,000 in franchise taxes to the state of Delaware, which it will no longer have to pay. Madison Square Garden Entertainment Corp. (NYSE:MSGE) is an American live entertainment company. The company is known for its portfolio of venues that include New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre. While we acknowledge the potential of MSGE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-04-2025
- Business
- Yahoo
MSG Entertainment price target lowered to $36 from $48 at Goldman Sachs
Goldman Sachs lowered the firm's price target on MSG Entertainment (MSGE) to $36 from $48 and keeps a Buy rating on the shares. The firm believes fiscal Q3 results in May will feature in-line to slightly better consolidated revenue and adjusted operating income, updated commentary on bookings activity and FY26 Christmas Spectacular sales to-date, and color on shifting trends in New York City tourism, the analyst tells investors in a preview for the live entertainment group. The firm's lower price target reflects risk to Christmas Spectacular as well as lower market and comparable company multiples, the analyst noted. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on MSGE: Disclaimer & DisclosureReport an Issue Madison Square Garden Entertainment Appoints New CFO and Director MSG Entertainment names David Collins CFO Chisholm group purchase will value Celtics over $7B, Axios says Chisholm group buying majority stake in Celtics for $6.1B, Axios says Chisholm group to buy NBA's Celtics for over $6B, Sportico reports
