Earnings Releases·Nov 4, 2026, 7:39 AM ET

Madison Square Garden Entertainment Corp. — Fiscal 2027 First Quarter Earnings Summary

Revenues surged 37% year-over-year to $217.1 million, driven by a record number of concerts and higher per-event pricing, while operating income swung to a $9.7 million profit from a $29.7 million loss in the prior year quarter.
Net income improved to $8.9 million ($0.19 per share) compared to a $21.7 million loss ($0.46 per share) previously, with the turnaround primarily attributed to the absence of prior-year asset impairments and restructuring charges.
Management confirmed a strong start to fiscal 2027, citing healthy demand and robust positioning for continued revenue and adjusted operating income growth throughout the year.
The company repurchased approximately $25 million of Class A common stock during the quarter, bringing total buybacks since the 2023 spin-off to roughly $230 million.