← Madison Square Garden Entertainment Corp.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Revenues | $81.8m |
$653.5m
+698.77%
|
$851.5m
+30.30%
|
$1.0b
+21.26%
|
$1.0b
-0.96%
|
$1.0b
-0.40%
|
|
| Arena license fees and other leasing revenue | — | $71.4m | $71.7m | $73.3m | $79.9m | — | |
| Cost of Revenue | $96.2m |
$417.3m
+333.62%
|
$499.9m
+19.80%
|
$568.8m
+13.78%
|
$535.6m
-5.84%
|
$563.8m
+5.26%
|
|
| Gross Profit | ($14.4m) |
$236.2m
+1737.47%
|
$351.6m
+48.85%
|
$390.4m
+11.05%
|
$407.1m
+4.27%
|
$454.8m
+11.72%
|
|
| Selling, general and administrative expenses | ($136.6m) | ($167.1m) | ($180.2m) | ($207.0m) | ($215.0m) | $245.8m | |
| Restructuring charges | ($14.7m) | ($5.2m) | ($10.2m) | ($17.6m) | ($1.1m) | — | |
| Total direct operating expenses | ($96.2m) | ($417.3m) | ($499.9m) | ($568.8m) | ($535.6m) | — | |
| Operating income | ($237.3m) |
($5.6m)
+97.62%
|
$105.0m
+1959.21%
|
$111.9m
+6.60%
|
$122.1m
+9.07%
|
$151.7m
+24.24%
|
|
| Interest expense | ($33.7m) | ($53.1m) | ($51.9m) | ($58.0m) | ($50.5m) | $42.6m | |
| Interest income | $6.4m | $7.2m | $7.2m | $3.0m | $2.3m | $4.5m | |
| Income from operations before income taxes | ($214.0m) | ($136.3m) | $77.8m | $52.3m | $65.6m | $151.7m | |
| Income tax (expense) benefit | ($5.3m) | $70k | ($1.7m) | $92.0m | ($28.1m) | $30.2m | |
| Net income | ($219.3m) |
($136.2m)
+37.90%
|
$76.0m
+155.83%
|
$144.3m
+89.76%
|
$37.4m
-74.06%
|
$49.0m
+30.89%
|
|
| Net income attributable to MSG Entertainment’s stockholders | ($218.6m) | ($133.3m) | $76.6m | $144.3m | $37.4m | $49.0m | |
| Less: Net loss attributable to nonredeemable noncontrolling interest | ($694k) | ($2.9m) | ($553k) | $0 | $0 | — | |
| Basic (in dollars per share) | ($4.24) | ($2.63) | $1.47 | $2.99 | $0.78 | — | |
| Diluted (in dollars per share) | ($4.24) | ($2.63) | $1.45 | $2.97 | $0.77 | — | |
| Depreciation and amortization | ($71.6m) | ($69.5m) | ($60.5m) | ($53.9m) | ($57.8m) | $57.3m | |
| Impairment of long-lived assets | — | — | $0 | $0 | ($11.2m) | — | |
| Gains, net on dispositions | $0 | $0 | $4.4m | $0 | $0 | — | |
| Loss on extinguishment of debt | $0 | ($35.6m) | $0 | $0 | ($6.1m) | — | |
| Other (expense) income, net | $50.6m | ($49.0m) | $17.4m | ($4.7m) | ($2.2m) | — |