Intel stock extends gains after report of possible U.S. government stake
NEW YORK - On Wednesday, Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported fourth-quarter financial results that fell short of analyst expectations, with revenue declining 17% YoY to $154.1 million, below the consensus estimate of $175.06 million. The company posted a loss per share of -$0.57, worse than the expected -$0.39.
MSGE shares edged down 0.10% in after hours trading following the announcement.
The entertainment company’s quarterly performance was primarily impacted by lower event-related revenues, particularly from concerts at Madison Square Garden Arena. The company reported an operating loss of $25.8 million, compared to an $8.9 million loss in the same period last year. Adjusted operating income swung to a loss of $1.3 million from a positive $13.1 million in the prior year quarter.
"During fiscal 2025, we saw strong demand for our portfolio of entertainment assets. We see this momentum continuing in fiscal 2026, and believe we are well positioned to drive solid revenue and adjusted operating income growth in the year ahead," said Executive Chairman and CEO James L. Dolan.
For the full fiscal year 2025, the company reported revenues of $942.7 million, a 2% decrease from the previous year, while operating income increased 9% to $122.1 million. The company hosted nearly 6 million guests at more than 975 events throughout the year and repurchased approximately $40 million of its Class A common stock.
Food, beverage, and merchandise revenues decreased 24% to $26.4 million in the fourth quarter, primarily due to fewer Knicks and Rangers games played at The Garden and a decrease in the number of concerts.
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