Symbols / MSGE Stock $64.73 -0.22% Madison Square Garden Entertainment Corp.

Consumer Cyclical • Leisure • United States • NYQ
MSGE (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Leisure
CEO Mr. James Lawrence Dolan
Exch · Country NYQ · United States
Market Cap 3.06B
Enterprise Value 4.10B
Income 51.92M
Sales 1.01B
FCF (ttm) 189.84M
Book/sh 0.76
Cash/sh 3.32
Employees 1,200
Insider 10d —
IPO Apr 17, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 59.39
Forward P/E 25.14
PEG —
P/S 3.02
P/B 84.95
P/C —
EV/EBITDA 18.64
EV/Sales 4.04
Quick Ratio 0.53
Current Ratio 0.68
Debt/Eq 3,319.62
LT Debt/Eq —
EPS (ttm) 1.09
EPS next Y 2.58
EPS Growth 24.40%
Revenue Growth 12.90%
EPS Gr Q/Q 22.20%
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-03
ROA 5.93%
ROE 224.08%
ROIC —
Gross Margin 47.50%
Oper. Margin 35.72%
Profit Margin 5.12%
Shs Outstand 40.41M
Shs Float 35.50M
Insider Own 3.95%
Instit Own 100.05%
Short Float 6.19%
Short Ratio 6.30
Short Interest 1.93M
52W High 65.42
vs 52W High -1.05%
52W Low 31.76
vs 52W Low 103.81%
Beta 0.49
Impl. Vol. 53.15%
Rel Volume 0.48
Avg Volume 339.77K
Volume 164.11K
Target (mean) $69.50
Tgt Median $69.00
Tgt Low $63.00
Tgt High $77.00
# Analysts 8
Recom Buy
Prev Close $64.87
Price $64.73
Change -0.22%
About

Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business. The company produces, presents, and hosts live entertainment events, such as concerts, sporting events, family shows, family shows, performing arts events, and special events. It holds a portfolio of venues that include Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The company also owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, it engages in the entertainment and sports bookings business that showcase a range of concerts, family shows, and special events, as well as various sporting events. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$69.50
Mean price target
2. Current target
$64.73
Latest analyst target
3. DCF / Fair value
$84.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$64.73
Low
$63.00
High
$77.00
Mean
$69.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 main Guggenheim Buy → Buy $76
2026-04-07 init BTIG — → Buy $70
2026-02-04 main JP Morgan Neutral → Neutral $63
2026-02-04 main Guggenheim Buy → Buy $74
2026-01-22 main Guggenheim Buy → Buy $70
2026-01-15 main JP Morgan Neutral → Neutral $60
2025-12-15 down Wolfe Research Outperform → Peer Perform —
2025-12-11 main Susquehanna Positive → Positive $61
2025-11-07 main JP Morgan Neutral → Neutral $47
2025-10-01 main Goldman Sachs Buy → Buy $52
2025-08-12 main Morgan Stanley Equal-Weight → Equal-Weight $44
2025-05-07 main Goldman Sachs Buy → Buy $41
2025-03-11 up Wolfe Research Peer Perform → Outperform $46
2025-02-10 main Macquarie Outperform → Outperform $45
2024-11-12 main Guggenheim Buy → Buy $48
2024-11-11 main Macquarie Outperform → Outperform $45
2024-11-11 main Morgan Stanley Equal-Weight → Equal-Weight $44
2024-08-19 main Morgan Stanley Equal-Weight → Equal-Weight $45
2024-08-19 main B of A Securities Buy → Buy $48
2024-07-24 up Goldman Sachs Neutral → Buy $45
News
RSS: Latest MSGE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-20 DOLAN CHARLES P Director — 19,311 $63.76 $1,231,269
2025-09-15 DOLAN JAMES LAWRENCE Chief Executive Officer — 201,382 — —
2025-09-15 COLLINS DAVID J Chief Financial Officer — 4,781 — —
2025-09-15 D'AMBROSIO PHILIP GERARD Officer and Treasurer — 24,398 — —
2025-09-15 TAKI LAYTH Officer — 10,183 — —
2025-09-15 FRANCO LAURA General Counsel — 13,715 — —
2025-09-15 DOLAN RYAN THOMAS Director — 659 — —
2025-03-11 CHARLES F DOLAN 2009 REVOCABLE TRUST Trustee — 73,158 $30.93 $2,273,655
2024-09-30 D'AMBROSIO PHILIP GERARD Officer and Treasurer — 6,000 $42.43 $254,580
2024-09-13 DOLAN JAMES LAWRENCE Chief Executive Officer — 179,490 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total Revenue
942.73
-1.72%
959.26
+12.66%
851.50
+30.30%
653.49
Operating Revenue
936.35
-1.72%
952.72
+12.47%
847.07
+29.62%
653.49
Cost Of Revenue
535.64
-5.84%
568.84
+13.78%
499.93
+19.80%
417.30
Reconciled Cost Of Revenue
535.64
-5.84%
568.84
+13.78%
499.93
+19.80%
417.30
Gross Profit
407.09
+4.27%
390.43
+11.05%
351.57
+48.85%
236.19
Operating Expense
272.74
+4.56%
260.84
+10.38%
236.32
-0.15%
236.67
Selling General And Administration
214.97
+3.87%
206.96
+14.84%
180.22
+7.83%
167.13
Other Operating Expenses
—
—
-4.36
—
Total Expenses
808.38
-2.57%
829.67
+12.69%
736.25
+12.58%
653.97
Operating Income
134.35
+3.67%
129.59
+12.44%
115.25
+24261.22%
-0.48
Total Operating Income As Reported
122.09
+9.07%
111.94
+6.60%
105.01
+1959.21%
-5.65
EBITDA
173.84
+5.92%
164.12
-13.67%
190.10
+1495.16%
-13.63
Normalized EBITDA
192.10
+4.96%
183.01
+1.40%
180.49
+134.35%
77.02
Reconciled Depreciation
57.77
+7.22%
53.88
-10.89%
60.46
-13.05%
69.53
EBIT
116.07
+5.28%
110.25
-14.96%
129.64
+255.89%
-83.16
Total Unusual Items
-18.26
+3.33%
-18.89
-296.43%
9.62
+110.61%
-90.64
Total Unusual Items Excluding Goodwill
-18.26
+3.33%
-18.89
-296.43%
9.62
+110.61%
-90.64
Special Income Charges
-18.39
-4.19%
-17.65
-72.34%
-10.24
+74.90%
-40.80
Other Special Charges
6.13
—
—
35.63
Impairment Of Capital Assets
11.20
0.00
0.00
—
Restructuring And Mergern Acquisition
1.05
-94.02%
17.65
+72.34%
10.24
+98.05%
5.17
Net Income
37.43
-74.06%
144.30
+88.39%
76.60
+157.45%
-133.34
Pretax Income
65.56
+25.38%
52.29
-32.76%
77.77
+157.07%
-136.27
Net Non Operating Interest Income Expense
-48.18
+12.37%
-54.98
-23.20%
-44.62
+2.90%
-45.96
Interest Expense Non Operating
50.51
-12.85%
57.95
+11.73%
51.87
-2.34%
53.11
Net Interest Income
-48.18
+12.37%
-54.98
-23.20%
-44.62
+2.90%
-45.96
Interest Expense
50.51
-12.85%
57.95
+11.73%
51.87
-2.34%
53.11
Interest Income Non Operating
2.33
-21.77%
2.98
-58.92%
7.24
+1.31%
7.15
Interest Income
2.33
-21.77%
2.98
-58.92%
7.24
+1.31%
7.15
Other Income Expense
-20.61
+7.67%
-22.32
-412.27%
7.15
+107.96%
-89.83
Other Non Operating Income Expenses
-2.35
+31.55%
-3.43
-38.92%
-2.47
-405.19%
0.81
Gain On Sale Of Security
0.13
+110.23%
-1.24
-106.25%
19.86
+139.84%
-49.84
Tax Provision
28.13
+130.57%
-92.01
-5424.59%
1.73
+2568.57%
-0.07
Tax Rate For Calcs
0.00
+0.00%
0.00
+845.14%
0.00
+4222.76%
0.00
Tax Effect Of Unusual Items
-3.84
+3.33%
-3.97
-1956.58%
0.21
+558.92%
-0.05
Net Income Including Noncontrolling Interests
37.43
-74.06%
144.30
+89.76%
76.04
+155.83%
-136.20
Net Income From Continuing Operation Net Minority Interest
37.43
-74.06%
144.30
+88.39%
76.60
+157.45%
-133.34
Net Income From Continuing And Discontinued Operation
37.43
-74.06%
144.30
+88.39%
76.60
+157.45%
-133.34
Net Income Continuous Operations
37.43
-74.06%
144.30
+89.76%
76.04
+155.83%
-136.20
Minority Interests
0.00
0.00
-100.00%
0.55
-80.69%
2.86
Normalized Income
51.86
-67.43%
159.22
+136.96%
67.19
+257.21%
-42.74
Net Income Common Stockholders
37.43
-74.06%
144.30
+88.39%
76.60
+157.45%
-133.34
Diluted EPS
0.77
-74.07%
2.97
+102.04%
1.47
+156.37%
-2.61
Basic EPS
0.78
-73.91%
2.99
+102.03%
1.48
+156.75%
-2.61
Basic Average Shares
48.03
-0.51%
48.27
-6.84%
51.82
+1.35%
51.13
Diluted Average Shares
48.33
-0.53%
48.59
-7.06%
52.28
+2.25%
51.13
Diluted NI Availto Com Stockholders
37.43
-74.06%
144.30
+88.39%
76.60
+157.45%
-133.34
Depreciation Amortization Depletion Income Statement
57.77
+7.22%
53.88
-10.89%
60.46
-13.05%
69.53
Depreciation And Amortization In Income Statement
57.77
+7.22%
53.88
-10.89%
60.46
-13.05%
69.53
Gain On Sale Of PPE
—
0.00
-100.00%
4.36
0.00
Line Item Trend 2025-06-30 2024-06-30 2023-06-30
Total Assets
1,669.84
+7.54%
1,552.71
+10.82%
1,401.16
Current Assets
237.13
+8.24%
219.08
-25.80%
295.28
Cash Cash Equivalents And Short Term Investments
43.02
+29.35%
33.26
-56.29%
76.09
Cash And Cash Equivalents
43.02
+29.35%
33.26
-56.29%
76.09
Receivables
96.92
-5.51%
102.57
-29.07%
144.62
Accounts Receivable
66.78
-13.56%
77.26
+20.91%
63.90
Gross Accounts Receivable
67.33
-13.51%
77.84
+20.93%
64.37
Allowance For Doubtful Accounts Receivable
-0.55
+6.19%
-0.58
-23.31%
-0.47
Other Receivables
7.65
-2.50%
7.84
-30.30%
11.25
Inventory
3.75
-3.10%
3.87
+51.39%
2.56
Prepaid Assets
88.98
+20.32%
73.96
+26.23%
58.59
Current Deferred Assets
—
—
—
Restricted Cash
0.52
+73.67%
0.30
-96.37%
8.27
Other Current Assets
3.94
-23.11%
5.13
-0.68%
5.16
Total Non Current Assets
1,432.71
+7.43%
1,333.62
+20.59%
1,105.88
Net PPE
1,105.62
+8.16%
1,022.19
+18.22%
864.68
Gross PPE
2,071.69
+6.01%
1,954.27
+11.16%
1,758.06
Accumulated Depreciation
-966.07
-3.65%
-932.08
-4.33%
-893.39
Properties
0.00
0.00
0.00
Land And Improvements
62.77
+0.00%
62.77
+0.00%
62.77
Buildings And Improvements
1,014.55
+0.32%
1,011.31
+1.21%
999.21
Machinery Furniture Equipment
340.41
-2.20%
348.07
-1.00%
351.60
Construction In Progress
6.07
-40.41%
10.19
+260.43%
2.83
Other Properties
484.54
+24.67%
388.66
+64.83%
235.79
Leases
163.34
+22.57%
133.27
+25.87%
105.88
Goodwill And Other Intangible Assets
132.84
+0.00%
132.84
+0.00%
132.84
Goodwill
69.04
+0.00%
69.04
+0.00%
69.04
Other Intangible Assets
63.80
+0.00%
63.80
+0.00%
63.80
Investments And Advances
7.09
+12.15%
6.32
-81.98%
35.07
Long Term Equity Investment
—
0.06
-99.81%
31.64
Non Current Accounts Receivable
125.53
+27.47%
98.47
+46.27%
67.33
Non Current Deferred Assets
59.76
-16.96%
71.96
+1646.50%
4.12
Non Current Deferred Taxes Assets
54.07
-20.84%
68.31
0.00
Other Non Current Assets
1.88
+2.06%
1.84
+0.00%
1.84
Total Liabilities Net Minority Interest
1,683.14
+6.81%
1,575.87
+7.16%
1,470.63
Current Liabilities
502.40
-0.68%
505.82
-6.44%
540.64
Payables And Accrued Expenses
208.19
-15.46%
246.26
-6.01%
262.01
Payables
112.39
-17.84%
136.80
-10.85%
153.45
Accounts Payable
12.10
-54.49%
26.59
+70.17%
15.63
Current Accrued Expenses
95.80
-12.48%
109.46
+0.83%
108.56
Current Debt And Capital Lease Obligation
65.57
+49.07%
43.99
-16.66%
52.78
Current Debt
30.47
+87.50%
16.25
+0.00%
16.25
Other Current Borrowings
30.47
+87.50%
16.25
+0.00%
16.25
Current Capital Lease Obligation
35.10
+26.55%
27.74
-24.07%
36.53
Current Deferred Liabilities
228.64
+6.06%
215.58
-4.55%
225.85
Current Deferred Revenue
228.64
+6.06%
215.58
-4.55%
225.85
Total Non Current Liabilities Net Minority Interest
1,180.74
+10.34%
1,070.05
+15.06%
929.99
Long Term Debt And Capital Lease Obligation
1,135.26
+10.62%
1,026.26
+20.72%
850.14
Long Term Debt
568.78
-5.08%
599.25
-4.91%
630.18
Long Term Capital Lease Obligation
566.48
+32.66%
427.01
+94.14%
219.96
Non Current Deferred Liabilities
—
0.00
-100.00%
23.52
Non Current Deferred Taxes Liabilities
—
0.00
-100.00%
23.52
Other Non Current Liabilities
45.48
+3.86%
43.79
-22.27%
56.33
Stockholders Equity
-13.30
+42.59%
-23.16
+66.66%
-69.47
Common Stock Equity
-13.30
+42.59%
-23.16
+66.66%
-69.47
Capital Stock
0.53
+0.95%
0.53
+1.16%
0.52
Common Stock
0.53
+0.95%
0.53
+1.16%
0.52
Share Issued
52.94
+0.99%
52.42
+1.02%
51.89
Ordinary Shares Number
47.46
-1.24%
48.06
-5.86%
51.05
Treasury Shares Number
5.48
+25.61%
4.37
+419.64%
0.84
Additional Paid In Capital
44.84
+33.94%
33.48
+88.87%
17.73
Retained Earnings
153.03
+32.38%
115.60
+502.84%
-28.70
Gains Losses Not Affecting Retained Earnings
-31.50
+2.35%
-32.26
+5.17%
-34.02
Treasury Stock
180.20
+28.25%
140.51
+462.05%
25.00
Minority Interest
0.00
0.00
0.00
Other Equity Adjustments
-31.50
+2.35%
-32.26
+5.17%
-34.02
Total Equity Gross Minority Interest
-13.30
+42.59%
-23.16
+66.66%
-69.47
Total Capitalization
555.48
-3.58%
576.08
+2.74%
560.71
Working Capital
-265.27
+7.49%
-286.74
-16.87%
-245.36
Invested Capital
585.95
-1.08%
592.33
+2.66%
576.96
Total Debt
1,200.83
+12.20%
1,070.25
+18.53%
902.92
Net Debt
556.23
-4.47%
582.24
+2.09%
570.35
Capital Lease Obligations
601.58
+32.29%
454.75
+77.30%
256.48
Net Tangible Assets
-146.14
+6.32%
-156.01
+22.89%
-202.31
Tangible Book Value
-146.14
+6.32%
-156.01
+22.89%
-202.31
Available For Sale Securities
7.09
+12.15%
6.32
-81.98%
35.07
Duefrom Related Parties Current
22.49
+28.73%
17.47
-74.85%
69.47
Dueto Related Parties Current
100.28
-9.00%
110.20
-20.04%
137.82
Investmentin Financial Assets
7.09
+12.15%
6.32
-81.98%
35.07
Investments In Other Ventures Under Equity Method
—
0.06
—
Other Equity Interest
—
—
—
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Operating Cash Flow
115.30
+3.62%
111.27
-18.00%
135.69
+42.31%
95.35
Cash Flow From Continuing Operating Activities
115.30
+3.62%
111.27
-18.00%
135.69
+42.31%
95.35
Net Income From Continuing Operations
37.43
-74.06%
144.30
+89.76%
76.04
+155.83%
-136.20
Depreciation Amortization Depletion
57.77
+7.22%
53.88
-10.89%
60.46
-13.05%
69.53
Depreciation
57.77
+7.22%
53.88
-9.77%
59.71
-26.51%
81.25
Amortization Cash Flow
—
—
0.75
—
Depreciation And Amortization
57.77
+7.22%
53.88
-10.89%
60.46
-13.05%
69.53
Amortization Of Intangibles
—
—
0.75
—
Other Non Cash Items
4.23
-3.73%
4.39
+203.46%
-4.25
-226.24%
3.37
Stock Based Compensation
27.69
-11.15%
31.17
-2.03%
31.81
-19.17%
39.36
Provisionand Write Offof Assets
—
—
0.08
-51.20%
0.17
Asset Impairment Charge
11.20
0.00
0.00
0.00
Deferred Tax
14.84
+116.10%
-92.20
-12905.14%
0.72
+220.00%
0.23
Deferred Income Tax
14.84
+116.10%
-92.20
-12905.14%
0.72
+220.00%
0.23
Operating Gains Losses
6.13
—
—
35.63
Unrealized Gain Loss On Investment Securities
-0.13
-110.23%
1.24
+107.74%
-16.05
-132.20%
49.84
Change In Working Capital
-43.87
-39.20%
-31.52
-141.55%
-13.05
-138.83%
33.60
Change In Receivables
9.59
+168.79%
-13.94
-135.89%
38.84
+211.43%
-34.86
Changes In Account Receivables
9.59
+168.79%
-13.94
-135.89%
38.84
+211.43%
-34.86
Change In Prepaid Assets
-42.83
+3.10%
-44.20
-40.91%
-31.36
+26.04%
-42.41
Change In Payables And Accrued Expense
-47.14
+15.42%
-55.73
-7907.18%
-0.70
-100.79%
87.56
Change In Accrued Expense
-32.65
+50.41%
-65.83
-1107.10%
-5.45
-106.92%
78.78
Change In Payable
-14.49
-243.41%
10.11
+112.38%
4.76
-94.57%
87.56
Change In Account Payable
-14.49
-243.41%
10.11
+112.38%
4.76
-94.57%
87.56
Change In Other Working Capital
36.50
-55.68%
82.35
+515.20%
-19.83
-185.08%
23.31
Change In Other Current Assets
—
—
—
-42.41
Change In Other Current Liabilities
—
45.40
+4423.71%
-1.05
-165.15%
-0.40
Investing Cash Flow
-23.69
+62.01%
-62.37
-305.81%
30.30
-33.31%
45.44
Cash Flow From Continuing Investing Activities
-23.69
+62.01%
-62.37
-305.81%
30.30
-33.31%
45.44
Capital Expenditure
-22.22
+8.10%
-24.18
-59.21%
-15.19
+3.86%
-15.80
Capital Expenditure Reported
-22.22
+8.10%
-24.18
-59.21%
-15.19
+3.86%
-15.80
Net Investment Purchase And Sale
0.06
-99.81%
28.46
+17.19%
24.29
+7039.71%
-0.35
Sale Of Investment
0.06
-99.81%
28.46
+17.19%
24.29
—
Net Business Purchase And Sale
0.00
0.00
-100.00%
27.90
0.00
Net Other Investing Changes
-1.53
+97.71%
-66.66
-894.85%
-6.70
-110.88%
61.59
Financing Cash Flow
-81.62
+18.13%
-99.69
+30.87%
-144.22
+63.61%
-396.29
Cash Flow From Continuing Financing Activities
-81.62
+18.13%
-99.69
+30.87%
-144.22
+63.61%
-396.29
Net Issuance Payments Of Debt
-16.25
+51.71%
-33.65
-69.78%
-19.82
-161.27%
32.35
Issuance Of Debt
664.38
+810.10%
73.00
+23913.16%
0.30
-99.96%
679.10
Repayment Of Debt
-680.63
-538.16%
-106.65
-429.93%
-20.13
+96.89%
-646.75
Long Term Debt Issuance
664.38
+810.10%
73.00
+23913.16%
0.30
-99.96%
679.10
Long Term Debt Payments
-680.63
-538.16%
-106.65
-429.93%
-20.13
+96.89%
-646.75
Net Long Term Debt Issuance
-16.25
+51.71%
-33.65
-69.78%
-19.82
-161.27%
32.35
Short Term Debt Issuance
—
—
0.00
-100.00%
29.10
Net Short Term Debt Issuance
—
—
0.00
-100.00%
29.10
Net Common Stock Issuance
-39.69
+21.98%
-50.87
-103.50%
-25.00
0.00
Common Stock Payments
-39.69
+21.98%
-50.87
-103.50%
-25.00
0.00
Repurchase Of Capital Stock
-39.69
+21.98%
-50.87
-103.50%
-25.00
0.00
Net Other Financing Charges
-25.68
-69.30%
-15.17
+84.74%
-99.39
+76.81%
-428.64
Changes In Cash
9.98
+119.65%
-50.80
-333.22%
21.78
+108.53%
-255.50
Beginning Cash Position
33.55
-60.22%
84.36
+34.81%
62.57
-80.33%
318.07
End Cash Position
43.54
+29.75%
33.55
-60.22%
84.36
+34.81%
62.57
Free Cash Flow
93.08
+6.88%
87.08
-27.73%
120.51
+51.48%
79.55
Sale Of Business
0.00
0.00
-100.00%
27.90
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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