Madison Square Garden Entertainment Corp. (MSGE) AI Stock Analysis

• Market Cap: $2.08B
• Dividend Yield: N/A
• Average Volume (3M): 325.43K
• Price to Earnings (P/E): 58.0
• Beta (1Y): 1.12
• Revenue Growth: -1.72%
• EPS Growth: -75.17%
• Country: US
• Employees: 1,200
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): -0.57
• Shares Outstanding: 40,593,105
• 10 Day Avg. Volume: 233,791
• 30 Day Avg. Volume: 325,425
• PEG Ratio: -0.69
• Price to Book (P/B): -144.35
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 20.63
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 2.87
• Enterprise Value/Gross Profit: 9.93
• Enterprise Value/Ebitda: 154.98
• 1Y Price Target: $49.33
• Price Target Upside: 12.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 1.85
• Revenue Forecast (FY): $1.00B

• Rating: 57 Neutral
• Price Target: $47.00 ▲(7.21% Upside)

Madison Square Garden Entertainment Corp. has a moderate overall stock score of 57. The most significant factor is the company's financial performance, which is challenged by declining revenue growth and negative equity. Technical analysis shows positive momentum, which is a strong point. However, the high P/E ratio indicates overvaluation, and mixed results from the earnings call add to the uncertainty.

Positive Factors

Revenue Diversification

A diversified revenue stream reduces dependency on any single source, enhancing financial stability and resilience against market fluctuations.

Strategic Partnerships

Strong partnerships with major brands enhance MSGE's market reach and brand value, supporting long-term growth through increased sponsorship revenue.

Operational Flexibility

Refinancing efforts improve financial stability and provide flexibility for strategic investments, supporting sustainable growth and operational efficiency.

Negative Factors

Declining Revenue Growth

A decline in revenue growth indicates challenges in expanding market presence and could impact long-term profitability and shareholder value.

Negative Equity

Negative equity suggests financial instability, limiting the company's ability to raise capital and invest in growth opportunities, posing long-term risks.

Decreased Concert Events

A reduction in concert events can lead to lower venue utilization and revenue, affecting the company's core business model and financial performance.

Madison Square Garden Entertainment Corp. Business Overview & Revenue Model

Company Description

Madison Square Garden Entertainment Corp. (MSGE) is a premier live entertainment and sports company based in New York City. The company operates several iconic venues, including Madison Square Garden, Radio City Music Hall, and the Beacon Theatre. MSGE is involved in the promotion and production of live events, including concerts, sports events, and other entertainment experiences. The company also owns and operates professional sports teams, such as the New York Knicks (NBA) and the New York Rangers (NHL), and has a diverse portfolio that includes ticket sales, sponsorships, and media rights.

How the Company Makes Money

Madison Square Garden Entertainment Corp. generates revenue from multiple streams, primarily through ticket sales for live events, which constitute a significant portion of its income. Additionally, MSGE earns money through sponsorship and advertising partnerships, leveraging its high-profile venues and events to attract brands seeking exposure to large audiences. The company also generates revenue from its sports franchises, which includes merchandise sales and broadcasting rights. Furthermore, MSGE benefits from premium seating and hospitality services, which offer exclusive experiences to fans. Strategic partnerships with media companies enhance MSGE's revenue through broadcasting deals and content creation, contributing to the overall financial performance of the organization.

Madison Square Garden Entertainment Corp. Financial Statement Overview

Summary

Madison Square Garden Entertainment Corp. faces significant financial challenges, with declining revenue growth and negative equity. While cash flow generation remains relatively strong, the high leverage and negative equity position pose substantial risks. The company needs to address these financial weaknesses to improve its overall financial health.

Income Statement

The company has experienced a decline in revenue growth, with a negative growth rate of -2.81% in the most recent year. Gross profit margin and net profit margin have also decreased over time, indicating challenges in maintaining profitability. However, the company has shown some ability to generate EBIT and EBITDA, though margins have been inconsistent.

Balance Sheet

The balance sheet reveals a concerning negative stockholders' equity, leading to an undefined debt-to-equity ratio. This indicates potential financial instability and high leverage. The return on equity is also negative, reflecting challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis shows a slight decline in free cash flow growth, but the company maintains a positive operating cash flow. The free cash flow to net income ratio is strong at 1.0, indicating efficient cash generation relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.07B	942.73M	959.26M	851.50M	653.49M	81.81M
Gross Profit	308.32M	349.32M	336.55M	351.57M	233.68M	-14.42M
EBITDA	19.75M	173.84M	164.12M	202.91M	-1.91M	-103.19M
Net Income	-44.44M	37.43M	144.30M	76.60M	-133.34M	-219.31M
Balance Sheet
Total Assets	4.14B	1.67B	1.55B	1.40B	1.53B	1.70B
Cash, Cash Equivalents and Short-Term Investments	398.25M	43.02M	33.26M	76.09M	58.10M	317.82M
Total Debt	214.72M	1.20B	1.07B	902.92M	956.79M	735.92M
Total Liabilities	1.98B	1.68B	1.58B	1.47B	1.53B	1.20B
Stockholders Equity	2.16B	-13.30M	-23.16M	-69.47M	-1.48M	495.90M
Cash Flow
Free Cash Flow	198.84M	93.08M	87.08M	120.51M	79.55M	-158.43M
Operating Cash Flow	175.99M	115.30M	111.27M	135.69M	95.35M	-148.12M
Investing Cash Flow	-22.06M	-23.69M	-62.37M	30.30M	45.44M	-10.34M
Financing Cash Flow	-200.75M	-81.62M	-99.69M	-144.22M	-396.29M	473.49M

Madison Square Garden Entertainment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSGE, the sentiment is Positive. The current price of 43.84 is below the 20-day moving average (MA) of 44.33, below the 50-day MA of 43.95, and above the 200-day MA of 38.05, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 51.45 is Neutral, neither overbought nor oversold. The STOCH value of 28.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MSGE.

Madison Square Garden Entertainment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMAX	76 Outperform	$1.75B	46.93	12.38%	―	9.30%	67.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SPHR	61 Neutral	$2.50B	―	-4.46%	―	24.54%	-119.75%
IQ	60 Neutral	$2.12B	171.88	0.67%	―	-10.86%	-94.68%
MSGE	57 Neutral	$2.08B	57.97	―	―	-1.72%	-75.17%
AMC	48 Neutral	$1.29B	―	―	―	9.42%	39.83%
LION	45 Neutral	$1.84B	―	―	―	432.48%	-930.72%

Madison Square Garden Entertainment Corp. Corporate Events

Madison Square Garden EVP Laura Franco to Depart

On October 21, 2025, Madison Square Garden Entertainment Corp. announced that Laura Franco, the Executive Vice President and General Counsel, will be leaving the company effective October 31, 2025. Ms. Franco will receive severance benefits as per her employment agreement.

The most recent analyst rating on (MSGE) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.

Madison Square Garden Entertainment Corp. Earnings Call Highlights

The recent earnings call for Madison Square Garden Entertainment Corp. painted a mixed picture, reflecting both achievements and challenges. While the company celebrated strong full-year results and notable strategic successes, it also faced hurdles with a decline in fourth-quarter revenues and a reduction in concert events at the Garden. This dual narrative underscores the complexities the company navigates in its operational landscape.

MSG Entertainment Reports Mixed Fiscal 2025 Results

Madison Square Garden Entertainment Corp. (MSG Entertainment) is a prominent player in the live entertainment industry, renowned for its iconic venues such as Madison Square Garden and Radio City Music Hall, and its celebrated productions like the Christmas Spectacular Starring the Radio City Rockettes.