EarningsQ4 2026 Earnings Report
MX:MSGE1 Q4 2026 EPS Results
Actual EPS-$3.84
Consensus EPS-$8.05
Beat/MissBeat by +$4.21
One Year Ago EPS-$10.43
MX:MSGE1 Q4 2026 Revenue Results
Actual Revenue$3.59B
Expected Revenue$3.05B
Beat/MissBeat by +$543.35M
YoY Revenue Growth+27.37%
Earnings Announcement Details
QuarterQ4 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
MX:MSGE1 Upcoming Earnings
Madison Square Garden Entertainment Corp.'s next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:MSGE1 Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicates a strongly positive operating and financial performance: full-year revenues above $1 billion, AOI up 18% to $262 million, robust Q4 revenue/AOI improvement, record Christmas Spectacular results, strong booking momentum at the Garden, meaningful partnership renewals, and continued share repurchases. Offsetting items include theater pacing lag, higher operating and SG&A expenses, a leverage position with $579M debt and $32M annual interest, working capital timing (cash due to promoters), and uncertainty around the proposed Infosys Theater transfer (including potential tax implications and concentration risk). Overall, the positives (broad revenue and AOI growth, event demand, record seasonal performance, bookings and commercial momentum) materially outweigh the manageable operational and balance-sheet headwinds.Company Guidance
Strong Full-Year Financial Performance
Full year revenues exceeded $1.0 billion and adjusted operating income (AOI) was $262 million, representing year-over-year increases of approximately 13% (revenues) and 18% (AOI).
Quarterly Revenue and AOI Improvement
Fiscal Q4 revenues were $196.3 million, up 27% year-over-year. Q4 adjusted operating income was $18.6 million, an improvement of $19.9 million from an adjusted operating loss of $1.3 million in the prior-year quarter.
Record Christmas Spectacular Results
Christmas Spectacular ran 215 paid performances in fiscal 26 with over 1.2 million tickets sold (highest attendance in 25 years) and generated approximately $195 million in revenue. The company is on sale for 230 shows in 2026 (a mid-single-digit percentage increase in show count year-over-year) and expects higher ticketing revenue driven by more shows and higher average yields.
Robust Live Event Demand & Utilization
Hosted ~6.4 million guests across nearly 960 live events in fiscal 26. Q4 more than doubled concerts at Madison Square Garden year-over-year with the majority of concerts sold out, demonstrating strong consumer demand and improved venue utilization.
Strong Booking Momentum for FY27
Garden bookings are ~90% of goal for fiscal 27 and theaters ~60% of goal. High-profile calendar additions include a 30-date Harry Styles residency (Aug–Oct) and the return of the NCAA Men's Basketball East Regionals in March, supporting expectations for event growth year-over-year.
Commercial Partnerships & Premium Hospitality Strength
Secured new and renewed multiyear partnerships (e.g., Kalshi new partner; renewals with Lexus, Anheuser-Busch, Infosys) and saw strong suite sales/renewals with additional suite renovations planned to drive incremental revenue in fiscal 27.
Capital Returns and Share Repurchases
Repurchased approximately 623,000 shares for ~$25 million in fiscal 26. Since the 2023 spin-off, the company has repurchased ~6.1 million shares for $205 million, demonstrating ongoing opportunistic capital return activity.
Positive Impact from Knicks Championship
Madison Square Garden shared-revenue streams benefited from the Knicks’ playoff/championship run; the company reported a $7.4 million increase in Q4 revenues related to agreements with MSG Sports, driven by merchandise, F&B and single-night suite sales.
MX:MSGE1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed