Madison Square Garden Entertainment Corp. (MSGE) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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MSGE Revenue Growth
Revenue Breakdown (FY 2025)
MSGE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSGE Revenue Analysis (2018–2025)
As of May 6, 2026, Madison Square Garden Entertainment Corp. (MSGE) generated trailing twelve-month (TTM) revenue of $1.01 billion, reflecting strong growth of +12.9% year-over-year. The most recent quarter (Q2 2026) recorded $459.9 million in revenue, up 190.6% sequentially.
Looking at the longer-term picture, MSGE's 5-year compound annual growth rate (CAGR) stands at +10.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.05 billion in 2019.
Revenue diversification analysis shows MSGE's business is primarily driven by Entertainment (45%), Ticketing And Venue License Fee Revenues (29%), and Sponsorship and Signage, Suite And Advertising Commission Revenues (16%).
When compared to Communication Services sector peers including LYV (+12.6% YoY), EPR (+7.9% YoY), and CHDN (+5.8% YoY), MSGE has outperformed the peer group in terms of revenue growth. Compare MSGE vs LYV →
MSGE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSGECurrent | $1.0B | +12.9% | +10.0% | 13.0% | |
 LYV | $25.2B | +12.6% | +68.4% | 5.9% | |
 EPR | $718M | +7.9% | +12.1% | 52.5% | |
 CHDN | $2.9B | +5.8% | +22.7% | 25.2% | |
 AMC | $4.8B | +10.6% | +31.3% | 38.1% | |
 CNK | $3.1B | +2.1% | +35.3% | 11.0% |
MSGE Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $942.7M | -1.7% | $407.1M | 43.2% | $122.1M | 13.0% |
| 2024 | $959.3M | +12.7% | $412.2M | 43.0% | $111.9M | 11.7% |
| 2023 | $851.5M | +30.3% | $351.6M | 41.3% | $105.0M | 12.3% |
| 2022 | $653.5M | +698.8% | $258.7M | 39.6% | $-5,648,000 | -0.9% |
| 2021 | $81.8M | -86.0% | $6.0M | 7.3% | $-237,288,000 | -290.0% |
| 2020 | $584.6M | -44.3% | $204.1M | 34.9% | $225.3M | 38.5% |
| 2019 | $1.05B | +6.1% | $378.3M | 36.1% | $-45,597,000 | -4.3% |
| 2018 | $989.0M | - | $353.8M | 35.8% | $-31,282,000 | -3.2% |
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Start ComparisonMSGE — Frequently Asked Questions
Quick answers to the most common questions about buying MSGE stock.
Is MSGE's revenue growth accelerating or slowing?
MSGE maintains +12.9% revenue growth, in line with its 5-year CAGR of +10.0%. TTM revenue stands at $1.0B. Growth rate remains consistent with historical average.
What is MSGE's long-term revenue growth rate?
Madison Square Garden Entertainment Corp.'s 5-year revenue CAGR of +10.0% reflects the sustained expansion pattern. Current YoY growth of +12.9% is near this long-term average.
How is MSGE's revenue distributed by segment?
MSGE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.