Overview

* Madison Square Garden fiscal Q1 revenue grows 14% yr/yr, slightly beating analyst expectations

* Adjusted EBIT for fiscal Q1 beats analyst estimates

* Company repurchased $25 mln of Class A common stock in fiscal Q1

Outlook

* MSG Entertainment expects solid growth in revenue and adjusted operating income for fiscal 2026

Result Drivers

* CONCERTS AND EVENTS - Record number of concerts and live events at The Garden drove revenue growth

* FOOD AND BEVERAGE SALES - Higher sales at concerts and events contributed to revenue increase

* EXPENSE INCREASES - Operating loss due to higher employee compensation and benefits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Slight $158.30 $156.80

Revenue Beat* mln mln (7

Analysts

)

Q1 EPS -$0.46

Q1 Net -$21.65

Income mln

Q1 Beat $7.10 -$17.92

Adjusted mln mln (6

EBIT Analysts

)

Q1 -$29.70

Operatin mln

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 ( MSGE ) is $48.00, about 7.2% above its November 5 closing price of $44.54

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(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.)