# Madison Square Garden Entertainment Corp.: overview

MSGE · NYSE · CIK 1952073 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Jun 30

Pages: [Overview](/companies/msge.md) · [Financials](/companies/msge/financials.md) · [Filings](/companies/msge/filings.md) · [Insiders](/companies/msge/insiders.md)

Latest reported revenue: [$271.1m](/filings/0001628280-26-056286.md) for Q4 FY2026, three months to 2026-06-30, from the 10-K filed Aug 12, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-056286).

## Last eight quarters

| Line item | Unit | Q1 FY2025 (2024-09-30) | Q2 FY2025 (2024-12-31) | Q3 FY2025 (2025-03-31) | Q4 FY2025 (2025-06-30) | Q1 FY2026 (2025-09-30) | Q2 FY2026 (2025-12-31) | Q3 FY2026 (2026-03-31) | Q4 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [134](/filings/0001628280-25-050248.md) | [378](/filings/0001628280-26-005948.md) | [206](/filings/0001628280-26-032215.md) | [225 d](/filings/0001628280-26-056286.md) | [154](/filings/0001628280-25-050248.md) | [425](/filings/0001628280-26-005948.md) | [211](/filings/0001628280-26-032215.md) | [271 d](/filings/0001628280-26-056286.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(13.8%)](/filings/0001628280-25-050248.md) | [36.8%](/filings/0001628280-26-005948.md) | [13.3%](/filings/0001628280-26-032215.md) | [(11.4%) d](/filings/0001628280-26-056286.md) | [(19.3%)](/filings/0001628280-25-050248.md) | [38.6%](/filings/0001628280-26-005948.md) | [7.6%](/filings/0001628280-26-032215.md) | [(3.2%) d](/filings/0001628280-26-056286.md) |
| Net margin | % | [(14.4%)](/filings/0001628280-25-050248.md) | [20.1%](/filings/0001628280-26-005948.md) | [3.9%](/filings/0001628280-26-032215.md) | [(12.1%) d](/filings/0001628280-26-056286.md) | [(14.0%)](/filings/0001628280-25-050248.md) | [21.8%](/filings/0001628280-26-005948.md) | [2.4%](/filings/0001628280-26-032215.md) | [(3.7%) d](/filings/0001628280-26-056286.md) |
| Diluted EPS | $ per share | [(0.40)](/filings/0001628280-25-050248.md) | [1.56](/filings/0001628280-26-005948.md) | [0.17](/filings/0001628280-26-032215.md) | not reported | [(0.46)](/filings/0001628280-25-050248.md) | [1.94](/filings/0001628280-26-005948.md) | [0.11](/filings/0001628280-26-032215.md) | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-06-30) | FY2023 (2023-06-30) | FY2024 (2024-06-30) | FY2025 (2025-06-30) | FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [582](/filings/0001952073-24-000022.md) | [780](/filings/0001952073-25-000037.md) | [959](/filings/0001628280-26-056286.md) | [943](/filings/0001628280-26-056286.md) | [1,061](/filings/0001628280-26-056286.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(1.0%)](/filings/0001952073-24-000022.md) | [13.5%](/filings/0001952073-25-000037.md) | [11.7%](/filings/0001628280-26-056286.md) | [13.0%](/filings/0001628280-26-056286.md) | [13.3%](/filings/0001628280-26-056286.md) |
| Net margin | % | [(22.9%)](/filings/0001952073-24-000022.md) | [9.8%](/filings/0001952073-25-000037.md) | [15.0%](/filings/0001628280-26-056286.md) | [4.0%](/filings/0001628280-26-056286.md) | [6.2%](/filings/0001628280-26-056286.md) |
| Diluted EPS | $ per share | [(2.58)](/filings/0001952073-24-000022.md) | [1.47](/filings/0001952073-25-000037.md) | [2.97](/filings/0001628280-26-056286.md) | [0.77](/filings/0001628280-26-056286.md) | [1.38](/filings/0001628280-26-056286.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/msge/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2023-09-22 | [Sphere Entertainment Co.](/insiders/1795250.md) | 10% owner | Sale (S) | 8,221,188 | $31.20 | $256.5m | [Form 4](/filings/0001209191-23-050367.md) |
| 2023-06-27 | [Sphere Entertainment Co.](/insiders/1795250.md) | 10% owner | Sale (S) | 6,037,500 | $29.76 | $179.7m | [Form 4](/filings/0001209191-23-040164.md) |
| 2023-06-27 | [Sphere Entertainment Co.](/insiders/1795250.md) | 10% owner | Sale (S) | 840,053 | $29.76 | $25.0m | [Form 4](/filings/0001209191-23-040164.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [ARIEL INVESTMENTS, LLC](/funds/936753.md) | 2026-06-30 | $428.9m | 5,302,754 |  | Reduced −802,829 |
| [Jericho Capital Asset Management L.P.](/funds/1525234.md) | 2026-06-30 | $296.3m | 3,662,724 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $252.7m | 3,124,507 |  | Added +257,191 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $149.6m | 1,849,716 |  | Added +78,512 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $141.9m | 1,754,802 |  | Reduced −5,710 |
| [Point72 Asset Management, L.P.](/funds/1603466.md) | 2026-06-30 | $123.5m | 1,526,701 |  | Reduced −275,052 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $102.5m | 1,267,749 |  | Added +12,078 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $95.8m | 1,183,900 |  | Added +64,613 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $92.3m | 1,140,934 |  | Added +470,053 |
| [Channing Capital Management, LLC](/funds/1302404.md) | 2026-06-30 | $78.9m | 975,012 |  | Reduced −344,068 |

## Recent filings

[All 326 filings](/companies/msge/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 16:17 ET | [DEF 14A](/filings/0001628280-26-066898.md) | Proxy statement, period 2026-12-10 | 0001628280-26-066898 |
| 2026-08-12 | 16:38 ET | [10-K](/filings/0001628280-26-056286.md) | Annual report, period 2026-06-30 | 0001628280-26-056286 |
| 2026-08-12 | 08:09 ET | [8-K](/filings/0001628280-26-055960.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-055960 |
| 2026-06-08 | 16:55 ET | [8-K](/filings/0001193125-26-261971.md) | 7.01 Regulation FD disclosure | 0001193125-26-261971 |
| 2026-05-07 | 16:30 ET | [10-Q](/filings/0001628280-26-032215.md) | Quarterly report, period 2026-03-31 | 0001628280-26-032215 |
| 2026-05-07 | 07:16 ET | [8-K](/filings/0001628280-26-031682.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-031682 |
| 2026-03-27 | 16:30 ET | [8-K](/filings/0001193125-26-129172.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-129172 |
| 2026-03-09 | 20:13 ET | [SCHEDULE 13D/A](/filings/0001104659-26-025397.md) | Ownership report, active investor, amended | 0001104659-26-025397 |
| 2026-02-27 | 21:58 ET | [SCHEDULE 13D/A](/filings/0001104659-26-021791.md) | Ownership report, active investor, amended | 0001104659-26-021791 |
| 2026-02-06 | 08:25 ET | [10-Q](/filings/0001628280-26-005948.md) | Quarterly report, period 2025-12-31 | 0001628280-26-005948 |

## Latest annual report

[Form 10-K for the fiscal year ended Jun 30, 2026](/filings/0001628280-26-056286.md), filed Aug 12, 2026.

## Forecast league

Q1 FY2027, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5432c5e8-6d28-4749-8162-d6a1ead73461)

## About the filer

- CIK: 1952073
- Tickers: MSGE
- Exchange: NYSE
- SIC code: 7990 Services-Miscellaneous Amusement & Recreation
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:27 ET. No prices; not investment advice.