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Madison Square Garden Entertainment Reports Fiscal Q3 Results; 2024 Revenue Guidance Revised
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Madison Square Garden Entertainment Reports Fiscal Q3 Results; 2024 Revenue Guidance Revised
May 9, 2024 6:40 AM

09:19 AM EDT, 05/09/2024 (MT Newswires) -- Madison Square Garden Entertainment ( MSGE ) reported fiscal Q3 earnings Thursday of $0.06 per diluted share.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended March 31 was $228.3 million. An analyst surveyed by Capital IQ expected $227.6 million.

The company, which was formed after a spin-off from Sphere Entertainment (SPHR) in April 2023, did not provide fully comparable year-ago figures.

Madison Square Garden Entertainment ( MSGE ) said it now expects fiscal 2024 revenue of $940 million to $950 million, compared with its prior guidance of between $930 million and $950 million. Analysts polled by Capital IQ expect about $942.6 million.

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