Madison Square Garden Entertainment Corp. (MSGE) Revenue History
Annual and quarterly revenue from 2018 to present
MSGE Revenue Over Time (2018–2025)
MSGE Revenue Growth History
4 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +6.1%
- FY2020 revenue growth
- -44.3%
- FY2021 revenue growth
- -86.0%
- FY2022 revenue growth
- +698.8%
- FY2023 revenue growth
- +30.3%
- FY2024 revenue growth
- +12.7%
- FY2025 revenue growth
- -1.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $246.3M | +1.6% |
| Q2 2026 | $459.9M | +12.9% |
| Q1 2026 | $158.3M | +14.1% |
| Q4 2025 | $154.1M | -17.2% |
| Q3 2025 | $242.5M | +6.2% |
| Q2 2025 | $407.4M | +1.2% |
| Q1 2025 | $138.7M | -2.5% |
| Q4 2024 | $186.1M | +25.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MSGE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSGE Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 21, 2026, Madison Square Garden Entertainment Corp. (MSGE) generated trailing twelve-month (TTM) revenue of $1.02 billion, reflecting modest growth of +1.6% year-over-year. The most recent quarter (Q3 2026) recorded $246.3 million in revenue, down 46.5% sequentially.
Historical Growth Trajectory
MSGE's 5-year compound annual growth rate (CAGR) stands at +10.0%, indicating consistent double-digit revenue growth. The 3-year CAGR of +13.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Madison Square Garden Entertainment Corp.'s highest annual revenue of $1.05 billion was recorded in 2019.
Revenue by Segment
MSGE's revenue is primarily driven by Entertainment (45%), Ticketing And Venue License Fee Revenues (29%), and Sponsorship and Signage, Suite And Advertising Commission Revenues (16%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Communication Services sector peers — including LYV (+12.6% YoY), EPR (+7.9% YoY), and CHDN (+5.8% YoY) — MSGE has underperformed the peer group in 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 | +1.6% | +10.0% | 14.3% | |
 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% | $134.3M | 14.3% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MSGE — Frequently Asked Questions
Quick answers to the most common questions about buying MSGE stock.
Is MSGE's revenue growth accelerating or slowing?
MSGE revenue growth is slowing. TTM revenue is $1.0B, up +1.6% year-over-year — below the 5-year CAGR of +10.0%. The deceleration suggests maturing end-markets or increased competition.
What is MSGE's revenue history from 2018 to 2026?
Madison Square Garden Entertainment Corp. (MSGE) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $1.0B, growing at +1.6% YoY. The 5-year CAGR is +10.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MSGE's long-term revenue growth rate (CAGR)?
Madison Square Garden Entertainment Corp.'s 5-year revenue CAGR of +10.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +1.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MSGE.
Why does MSGE's quarterly revenue fluctuate?
MSGE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Madison Square Garden Entertainment Corp.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is MSGE's revenue distributed by segment?
MSGE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MSGE's revenue compare to industry peers?
Madison Square Garden Entertainment Corp. (MSGE) with TTM revenue of $1.0B and +1.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.