Financial Snapshot

Revenue
$955.8M
TTM
Gross Margin
37.81%
TTM
Net Earnings
$175.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
49.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$48.70M
Q3 2024
Cash
Q3 2024
P/E
10.67
Nov 29, 2024 EST
Free Cash Flow
$55.78M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020
Revenue $959.3M $851.5M $1.725B $814.2M $1.436B
YoY Change 12.66% -50.63% 111.81% -43.3%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $959.3M $851.5M $1.725B $814.2M $1.436B
Cost Of Revenue $547.0M $478.9M $958.7M $400.8M $752.5M
Gross Profit $412.2M $372.6M $766.0M $413.4M $683.6M
Gross Profit Margin 42.97% 43.76% 44.41% 50.78% 47.6%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $207.0M $180.2M $732.4M $458.4M $471.2M
YoY Change 14.84% -75.39% 59.78% -2.73%
% of Gross Profit 50.21% 48.37% 95.62% 110.87% 68.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.88M $60.46M $124.6M $122.0M $112.1M
YoY Change -10.89% -51.49% 2.16% 8.87%
% of Gross Profit 13.07% 16.23% 16.27% 29.51% 16.39%
Operating Expenses $207.0M $180.2M $857.0M $580.4M $583.3M
YoY Change 14.84% -78.97% 47.67% -0.51%
Operating Profit $111.9M $105.0M -$91.05M -$166.9M $100.2M
YoY Change 6.6% -215.33% -45.45% -266.51%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense -$56.07M $51.87M -$27.97M -$24.06M -$18.77M
YoY Change -208.11% -285.43% 16.26% 28.18%
% of Operating Profit -50.09% 49.4% -18.72%
Other Income/Expense, Net -$4.672M $17.39M -$49.45M $51.49M $35.06M
YoY Change -126.87% -135.17% -196.04% 46.85%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income $52.29M $77.80M -$215.9M -$160.8M $251.5M
YoY Change -32.79% -136.03% 34.29% -163.93%
Income Tax -$92.01M $1.728M -$25.79M $5.725M $101.7M
% Of Pretax Income -175.96% 2.22% 40.43%
Net Earnings $144.3M $76.60M -$197.6M -$156.9M $181.7M
YoY Change 88.39% -138.77% 25.94% -186.32%
Net Earnings / Revenue 15.04% 9.0% -11.46% -19.27% 12.66%
Basic Earnings Per Share $2.99 $1.48 -$2.58 -$4.22
Diluted Earnings Per Share $2.97 $1.47 -$5.77 -$4.60 $5.20

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $33.26M $76.10M $828.5M $1.517B $1.244B
YoY Change -56.3% -90.82% -45.38% 21.97%
Cash & Equivalents $33.26M $76.10M $828.5M $1.517B $906.6M
Short-Term Investments $337.2M
Other Short-Term Assets $79.39M $72.00M $135.3M $132.2M $98.66M
YoY Change 10.26% -46.8% 2.41% 33.96%
Inventory $3.871M $2.600M $2.752M $2.233M
Prepaid Expenses
Receivables $85.10M $75.20M $222.2M $191.7M $61.03M
Other Receivables $17.47M $69.40M $32.54M $31.92M $23.06M
Total Short-Term Assets $219.1M $295.3M $1.219B $1.873B $1.427B
YoY Change -25.81% -75.77% -34.93% 31.28%
Property, Plant & Equipment $1.022B $864.7M $3.386B $2.437B $1.881B
YoY Change 18.21% -74.46% 38.93% 29.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $43.80M $49.22M $52.62M
YoY Change -11.01% -6.46%
Other Assets $178.6M $108.4M $145.3M $166.7M $85.10M
YoY Change 64.75% -25.41% -12.82% 95.87%
Total Long-Term Assets $1.334B $1.106B $4.304B $3.417B $2.307B
YoY Change 20.59% -74.3% 25.94% 48.12%
Total Assets $1.553B $1.401B $5.522B $5.290B $3.734B
YoY Change
Accounts Payable $69.10M $62.90M $31.98M $26.64M $17.26M
YoY Change 9.86% 96.69% 20.03% 54.39%
Accrued Expenses $137.2M $145.1M $584.0M $376.0M $247.7M
YoY Change -5.45% -75.15% 55.31% 51.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.25M $16.30M $73.84M $53.97M $5.429M
YoY Change -0.31% -77.93% 36.81% 894.16%
Total Short-Term Liabilities $505.8M $540.6M $956.4M $729.9M $510.0M
YoY Change -6.43% -43.48% 31.04% 43.12%
Long-Term Debt $599.2M $630.2M $1.669B $1.651B $28.13M
YoY Change -4.91% -62.25% 1.13% 5768.69%
Other Long-Term Liabilities $470.8M $276.3M $573.5M $390.8M $294.2M
YoY Change 70.39% -51.82% 46.74% 32.83%
Total Long-Term Liabilities $1.070B $906.5M $2.243B $2.041B $322.3M
YoY Change 18.04% -59.58% 9.86% 533.31%
Total Liabilities $1.576B $1.471B $3.559B $3.121B $877.6M
YoY Change 7.16% -58.68% 14.02% 255.68%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding 48.28M shares 51.82M shares 51.77M shares 51.77M shares
Diluted Shares Outstanding 48.59M shares 52.28M shares 51.77M shares 51.77M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.8735 Billion

About Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Corp. provides live entertainment services. The company is headquartered in New York City, New York and currently employs 1,200 full-time employees. The company went IPO on 2023-04-24. The Company’s portfolio includes a collection of venues, such as New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes. The company hosts two of the franchises in professional sports, such as the National Basketball Association (NBA’s) Knicks and the National Hockey League (NHL’s) Rangers. The company also promotes, produces and/or presents a broad array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports and wrestling.

Industry: Services-Miscellaneous Amusement & Recreation Peers: Walt Disney Co