Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company’s portfolio includes a collection of world-renowned venues – 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, which has been a holiday tradition for 90 years. More information is available at www.msgentertainment.com.
Company profile
Ticker
MSGE
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MSGE Spinco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Eden Insurance Company, Inc. • Entertainment Ventures, LLC • MSG Aircraft Leasing, L.L.C. • MSG Arena Holdings, LLC • MSG Arena, LLC • MSG Aviation, LLC • MSG BBLV, LLC • MSG BCE, LLC • MSG Beacon, LLC • MSG Chicago, LLC ...
IRS number
920318813
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
9 May 24
8-K
Madison Square Garden Entertainment Corp. Reports Fiscal 2024 Third Quarter Results
9 May 24
10-Q
2024 Q2
Quarterly report
7 Feb 24
8-K
Madison Square Garden Entertainment Corp. Reports Fiscal 2024 Second Quarter Results
7 Feb 24
8-K
Departure of Directors or Certain Officers
5 Feb 24
8-K
Departure of Directors or Certain Officers
8 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
7 Dec 23
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Madison Square Garden Entertainment Corp. Reports Fiscal 2024 First Quarter Results
7 Nov 23
DEFA14A
Additional proxy soliciting materials
26 Oct 23
Latest ownership filings
144
Townsquare Media, Inc.
7 May 24
144
Townsquare Media, Inc.
6 May 24
4
Michael Grau
26 Apr 24
4
Laura Franco
26 Apr 24
144
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24 Apr 24
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23 Apr 24
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10 Apr 24
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Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 28.31 mm | 28.31 mm | 28.31 mm | 28.31 mm | 28.31 mm | 28.31 mm |
Cash burn (monthly) | 3.09 mm | 7.89 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.38 mm | 16.30 mm | n/a | n/a | n/a | n/a |
Cash remaining | 21.93 mm | 12.01 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 7.1 | 1.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
9.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 30 |
Opened positions | 3 |
Closed positions | 145 |
Increased positions | 7 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 20.33 bn |
Total shares | 4.02 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Point72 Asset Management | 2.30 mm | $75.01 mm |
Dolan Charles F | 1.05 mm | $34.59 mm |
Assenagon Asset Management | 282.16 k | $8.97 bn |
North Star Investment Management | 110.07 k | $3.50 bn |
Bleakley Financial | 76.24 k | $2.42 bn |
Allspring Global Investments | 59.87 k | $1.90 bn |
Washington Trust Advisors | 51.96 k | $1.65 bn |
Radnor Capital Management | 21.72 k | $690.00 k |
Mirae Asset Global Investments | 19.66 k | $625.02 mm |
Pinnacle Associates | 12.90 k | $410.12 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Apr 24 | Grau Michael | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,252 | 0.00 | 10,252 |
24 Apr 24 | Grau Michael | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,340 | 0.00 | 5,340 |
24 Apr 24 | Laura Franco | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 23,664 | 0.00 | 23,664 |
24 Apr 24 | Laura Franco | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,738 | 0.00 | 3,738 |
1 Apr 24 | Madison Square Garden Entertainment | Class A Common Stock, par value $0.01 per share | Sale back to company | Dispose D | Yes | No | 9.76 | 1,500,000 | 14.64 mm | 208,139 |
15 Mar 24 | Dolan Charles F | Class A Common Stock | Other | Acquire J | No | No | 37.63 | 5,079 | 191.12 k | 5,079 |
News
CORRECTION: Thursday, Madison Square Garden Raised FY2024 Sales Guidance from $930M-$950M to $940.00M-950.00M Vs. $942.40M Estimate
10 May 24
Why Is Madison Square Garden Stock Down Thursday? (CORRECTED)
10 May 24
CORRECTION: Thursday, Madison Square Garden Reported Q3 GAAP EPS $0.06 Missed $0.11 Estimate, Sales $228.313M Beat $227.6M Estimate
10 May 24
Madison Square Garden Raises FY2024 Sales Guidance from $930M-$950M to $940.00M-950.00M Vs. $1.05B Estimate
9 May 24
Madison Square Garden Q3 2024 GAAP EPS $0.06 Beats $(0.12) Estimate, Sales $228.313M Miss $324.634M Estimate
9 May 24