Shares of Madison Square Garden Entertainment Corp. (MSGE) are rising more than 3% Friday morning after reporting more than 70% growth in fourth-quarter revenue.
Quarterly revenue increased to of $453.5 million from $260.6 million last year.
The company reported net loss of $99.94 million or $3.00 per share in the quarter, wider than $38.26 million or $1.12 per share in the same quarter a year ago, due to higher expenses.
Executive Chairman and CEO James L. Dolan said, "The past year demonstrated the resiliency of our business and the robust demand for our portfolio of live experiences. We continue to make significant progress on the construction of MSG Sphere in Las Vegas, which remains on track to open in the second half of calendar 2023. We are also now exploring a potential separation of our live entertainment and MSG Networks businesses from MSG Sphere and Tao Group Hospitality, which we believe would best position the two companies to drive long-term value for shareholders."
MSGE, currently at $65.04, has traded in the range of $48.07-$85.60 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.