Why Is Madison Square Garden Stock Down Thursday? (CORRECTED) [Yahoo! Finance]
Madison Square Garden Entertainment Corp. Class A (MSGE)
Company Research
Source: Yahoo! Finance
Madison Square Garden Entertainment Corp. (NYSE: MSGE ) shares are trading lower after it reported third-quarter FY24 results Revenue rose 13% Y/Y to $228.3 million, beating the analyst consensus of $227.6 million. Revenues from entertainment offerings rose 13% Y/Y to $146.2 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements. Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by a higher number of concerts held at the venues and the impact of five more Knicks home games. Event-related revenues increased $10.7 million compared to the prior year, aided by an increase in the number of concerts at the venues. In addition, the company reported an adjusted operating income of $38.5 million, down 23% Y/Y, in the quarter, due to higher selling, general and administrative expenses. EPS $0.06 missed the consensus of $0.11 As of March-end, cash and e
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News
- Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 THIRD QUARTER RESULTS [Yahoo! Finance]Yahoo! Finance
- MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 THIRD QUARTER RESULTSPR Newswire
- Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Third Quarter Conference Call [Yahoo! Finance]Yahoo! Finance
- Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Third Quarter Conference CallPR Newswire
MSGE
Earnings
- 5/9/24 - Beat
MSGE
Sec Filings
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- 5/9/24 - Form 10-Q
- MSGE's page on the SEC website