Madison Square Garden Entertainment Corp
msgentertainment.comWhat Do They Do?
Hosts live entertainment at its arenas and theaters and produces the Christmas Spectacular for audiences, event promoters and corporate partners.
10-K for FY2026, filed Aug 12, 2026Specifically, the Company produces, presents and hosts a variety of live entertainment events, such as concerts, sporting events, family…View ↗
Although we primarily license our venues to third-party promoters for a fee, we also promote or co-promote shows. If we serve as promoters…View ↗
One of the Company’s core properties, the Christmas Spectacular, runs exclusively at Radio City Music Hall and features the world-famous…View ↗
Key components of our strategy include:View ↗
How Do They Make Money?
Audiences buy event tickets and food, drinks and merchandise; promoters pay venue fees, and companies buy sponsorship, signage and suite access. Ticket and product revenue is tied to an event or delivery, while sponsorship and suite revenue is earned over agreements; arena licenses generate rental fees.
10-K for FY2026, filed Aug 12, 2026Although we primarily license our venues to third-party promoters for a fee, we also promote or co-promote shows. If we serve as promoters…View ↗
Ticket sales and other ticket-related revenue Venue license fees for events held at the Company’s venues that the Company does not produce…View ↗
Sales of food and beverage during events held at the Company’s venues Sales of the Company’s merchandise at the Company’s venues and via…View ↗
(a) Amounts include ticket sales, including single night suite rentals and other ticket-related revenue, and venue license fees from the…View ↗
(b) Sponsorship and signage, suite license, and advertising commission revenues are generally recognized over time. For Fiscal Years 2026…View ↗
Rental fees related to the arena license agreements that require the New York Knicks (“Knicks”) and the New York Rangers (“Rangers”) to…View ↗
$1.1B
-
10-K for FY2026, filed Aug 12, 2026
$1.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Revenues from entertainment offerings
Mix
10-K for FY2026, filed Aug 12, 2026 |
76%
FY2023: 83%
|
Revenues from entertainment offerings, FY2026
$810.1M Sources
|
Mix |
|
Food, beverage, and merchandise direct operating expenses
Sold outright
10-K for FY2026, filed Aug 12, 2026 |
16%
FY2023: 17%
|
Food, beverage, and merchandise direct operating expenses, FY2026
$164.4M Sources
|
Sold outright |
|
Arena license fees and other leasing revenue
Recurring
|
8.1% |
Arena license fees and other leasing revenue, FY2026
$86.2M Sources
|
Recurring |
Who Are Their Customers?
Audiences buy tickets and food, drinks and merchandise at the venues. Third-party promoters license venues for events; companies buy sponsorship, signage and suite access.
10-K for FY2026, filed Aug 12, 2026Although we primarily license our venues to third-party promoters for a fee, we also promote or co-promote shows. If we serve as promoters…View ↗
Ticket sales and other ticket-related revenue Venue license fees for events held at the Company’s venues that the Company does not produce…View ↗
Sales of food and beverage during events held at the Company’s venues Sales of the Company’s merchandise at the Company’s venues and via…View ↗
Revenues from entertainment offerings include revenue from the license of The Garden’s suites for the Company’s or MSG Sports’ events.…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2026.
10-K for FY2026, filed Aug 12, 2026
How Are They Changing?
Growing. Revenue grew 62% in 4 years, from $653.5M in FY2022 to $1.1B in FY2026, about 13% a year.
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