Madison Square Garden Entertainment Corp.MSGEEarnings & Financial Report
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
MSGE Q2 FY2026 Key Financial Metrics
Revenue
$424.8M
Gross Profit
N/A
Operating Profit
$163.8M
Net Profit
$92.7M
Gross Margin
N/A
Operating Margin
38.6%
Net Margin
21.8%
YoY Growth
12.5%
EPS
$1.94
Madison Square Garden Entertainment Corp. Q2 FY2026 Financial Summary
Madison Square Garden Entertainment Corp. reported revenue of $424.8M (up 12.5% YoY) for Q2 FY2026, with a net profit of $92.7M (up 22.2% YoY) (21.8% margin).
Key Financial Metrics
| Total Revenue | $424.8M |
|---|---|
| Net Profit | $92.7M |
| Gross Margin | N/A |
| Operating Margin | 38.6% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
Madison Square Garden Entertainment Corp. Q2 FY2026 revenue of $424.8M breaks down across 5 segments, led by Ticketing And Venue License Fee Revenues at $263.5M (62.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Ticketing And Venue License Fee Revenues | $263.5M | 62.0% |
| Food Beverage And Merchandise Revenues | $64.3M | 15.1% |
| Related Party | $43.9M | 10.3% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8.3% |
| Other | $15.9M | 3.7% |
Madison Square Garden Entertainment Corp. Revenue by Segment — Quarterly Trend
Madison Square Garden Entertainment Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Ticketing And Venue License Fee Revenues and Food Beverage And Merchandise Revenues) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Ticketing And Venue License Fee Revenues | $263.5M | $85.8M | $73.6M | $78.5M |
| Food Beverage And Merchandise Revenues | $64.3M | $22.8M | $26.4M | $45.8M |
| Related Party | $43.9M | — | — | $1.3M |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | — | — | — |
| Other | $15.9M | $1.6M | — | — |
Madison Square Garden Entertainment Corp. Annual Revenue by Year
Madison Square Garden Entertainment Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $862.8M).
Madison Square Garden Entertainment Corp. Quarterly Revenue & Net Profit History
Madison Square Garden Entertainment Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $424.8M | +12.5% | $92.7M | 21.8% |
| Q1 FY2026 | $154.1M | +15.0% | $-21.7M | -14.0% |
| Q4 FY2025 | $145.1M | -18.3% | $-27.2M | -18.7% |
| Q3 FY2025 | $206.0M | +7.5% | $8.0M | 3.9% |
| Q2 FY2025 | $377.6M | +0.1% | $75.9M | 20.1% |
| Q1 FY2025 | $134.1M | -4.1% | $-19.3M | -14.4% |
| Q4 FY2024 | $177.6M | — | $66.9M | 37.7% |
| Q3 FY2024 | $191.6M | +13.2% | $2.8M | 1.5% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.6M | $177.6M | $134.1M | $377.6M | $206.0M | $145.1M | $154.1M | $424.8M |
| YoY Growth | 13.2% | N/A | -4.1% | 0.1% | 7.5% | -18.3% | 15.0% | 12.5% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.46B | $1.55B | $1.61B | $1.59B | $1.74B | $1.67B | $1.68B | $1.82B |
| Liabilities | $1.55B | $1.58B | $1.66B | $1.58B | $1.73B | $1.68B | $1.75B | $1.79B |
| Equity | $-94.6M | $-23.2M | $-48.7M | $10.3M | $9.5M | $-13.3M | $-65.8M | $36.0M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.8M | $212000 | $-27.4M | $112.9M | $56.8M | $-27.0M | $19.8M | $164.4M |