Refile: Madison Square Garden Q4 revenue beats estimates on higher concerts and related income

Madison Square Garden Entertainment

12/08/2026 12:43

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Aug 12 (Reuters) - 
Overview
US live entertainment operator's Q4 revenue rose 27% yr/yr, beating analyst expectations
Q4 adjusted EBIT swung to profit, beating analyst expectations
Company attributed results to robust demand for live entertainment offerings

Outlook
Company expects solid growth in adjusted operating income in fiscal 2027

Result Drivers
CONCERTS AND EVENTS - Higher number of concerts at The Garden and increased per-concert revenue drove entertainment revenue growth
MERCHANDISE AND SUITE FEES - Higher commissions on merchandise sales and suite license fee revenues contributed to revenue growth
FOOD AND BEVERAGE SALES - Increased food and beverage sales at concerts and Knicks and Rangers games supported revenue gains
     
     
     

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$196.30 mln
$166.62 mln (8 Analysts)
Q4 Loss Per Share
 
$0.21
 
Q4 Net Loss
 
$9.99 mln
 
Q4 Adjusted EBIT
Beat
$18.60 mln
-$12.02 mln (8 Analysts)
Q4 Operating Income
 
-$8.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Madison Square Garden Entertainment Corp is $80.00, about 0.8% above its August 11 closing price of $79.37
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago

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Aug 11 - China's Tencent Music Q2 revenue rises on increased concert, merchandise sales
Aug 11 - Ari Emanuel's MARI buys theater operator ATG Entertainment
Aug 11 - Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings
     
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)