Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company’s portfolio includes a collection of world-renowned venues – New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 90 years. More information is available at www.msgentertainment.com.
Company profile
Ticker
MSGE
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MSGE Spinco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Eden Insurance Company, Inc. • Entertainment Ventures, LLC • MSG Aircraft Leasing, L.L.C. • MSG Arena Holdings, LLC • MSG Arena, LLC • MSG Aviation, LLC • MSG BBLV, LLC • MSG BCE, LLC • MSG Beacon, LLC • MSG Chicago, LLC ...
IRS number
920318813
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
7 Feb 24
8-K
Madison Square Garden Entertainment Corp. Reports Fiscal 2024 Second Quarter Results
7 Feb 24
8-K
Departure of Directors or Certain Officers
5 Feb 24
8-K
Departure of Directors or Certain Officers
8 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
7 Dec 23
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Madison Square Garden Entertainment Corp. Reports Fiscal 2024 First Quarter Results
7 Nov 23
DEFA14A
Additional proxy soliciting materials
26 Oct 23
DEF 14A
Definitive proxy
26 Oct 23
8-K
Departure of Directors or Certain Officers
10 Oct 23
Latest ownership filings
SC 13D/A
DOLAN CHARLES F
19 Mar 24
4
CHARLES F DOLAN
19 Mar 24
4
JAMES LAWRENCE DOLAN
8 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
4
JAMES LAWRENCE DOLAN
6 Mar 24
4
Townsquare Media, Inc.
5 Mar 24
SC 13D/A
Townsquare Media, Inc.
5 Mar 24
144/A
Notice of proposed sale of securities (amended)
4 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
4
JAMES LAWRENCE DOLAN
1 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | |
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Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Annual (USD) | Jun 23 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
---|---|---|---|---|---|---|
Cash on hand (at last report) | 39.52 mm | 39.52 mm | 39.52 mm | |||
Cash burn (monthly) | 14.95 mm | 11.14 mm | (no burn) | |||
Cash used (since last report) | 88.82 mm | 66.21 mm | n/a | |||
Cash remaining | -49.30 mm | -26.69 mm | n/a | |||
Runway (months of cash) | -3.3 | -2.4 | n/a |
Institutional ownership, Q3 2023
97.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 172 |
Opened positions | 40 |
Closed positions | 22 |
Increased positions | 64 |
Reduced positions | 33 |
13F shares | Current |
---|---|
Total value | 1.26 tn |
Total shares | 40.02 mm |
Total puts | 227.60 k |
Total calls | 203.75 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Ariel Investments | 7.20 mm | $236.84 bn |
Vanguard | 3.99 mm | $131.16 bn |
BLK Blackrock | 2.84 mm | $93.56 bn |
Channing Capital Management | 2.23 mm | $73.42 bn |
T. Rowe Price | 1.96 mm | $64.67 bn |
Jericho Capital Asset Management | 1.90 mm | $62.65 bn |
Balyasny Asset Management | 1.53 mm | $50.46 bn |
Point72 Asset Management | 1.44 mm | $47.31 bn |
Dimensional Fund Advisors | 1.09 mm | $35.79 bn |
Dolan Charles F | 1.05 mm | $34.59 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Dolan Charles F | Class A Common Stock | Other | Acquire J | No | No | 37.63 | 5,079 | 191.12 k | 5,079 |
6 Mar 24 | James Lawrence Dolan | Class A Common Stock | Sell | Dispose S | No | No | 38.0994 | 37,000 | 1.41 mm | 155,143 |
4 Mar 24 | James Lawrence Dolan | Class A Common Stock | Sell | Dispose S | No | No | 38.1979 | 100,000 | 3.82 mm | 192,143 |
1 Mar 24 | Madison Square Garden Entertainment | Class A Common Stock, par value $0.01 per share | Conversion | Acquire C | Yes | No | 0 | 1,125,000 | 0.00 | 1,708,139 |
1 Mar 24 | Madison Square Garden Entertainment | Class C Common Stock, par value $0.01 per share Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 1,125,000 | 0.00 | 0 |
28 Feb 24 | James Lawrence Dolan | Class A Common Stock | Sell | Dispose S | No | No | 37.9278 | 21,447 | 813.44 k | 292,143 |
28 Feb 24 | James Lawrence Dolan | Class A Common Stock | Sell | Dispose S | No | No | 37.0562 | 7,349 | 272.33 k | 313,590 |
News
Madison Square Garden Q2 Earnings Beats Estimates On Higher Concerts, Live Entertainment & Sporting Events
7 Feb 24
Madison Square Garden Reports Q2 EPS Of $2.59 Higher Than $1.88 YoY, Sales $402.67M Is Higher Than $355.88M YoY
7 Feb 24
Earnings Scheduled For February 7, 2024
7 Feb 24
Madison Square Garden's Earnings Outlook
6 Feb 24
Madison Square Garden Entertainment Names Michael Grau To Become Executive Vice President And CFO On April 1
5 Feb 24
Press releases
EARTH BRANDS NAMED AN OFFICIAL PARTNER OF MADISON SQUARE GARDEN
28 Feb 24
GARDEN OF LAUGHS RETURNS WITH ALL-STAR COMEDY LINEUP FEATURING BILL BURR, MICHAEL CHE, CHRIS DISTEFANO, JIM GAFFIGAN, HEATHER MCMAHAN, SAM MORRIL AND JON STEWART
14 Feb 24
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 SECOND QUARTER RESULTS
7 Feb 24
MSG ENTERTAINMENT NAMES MICHAEL GRAU EXECUTIVE VICE PRESIDENT, FINANCE
5 Feb 24
Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Second Quarter Conference Call
1 Feb 24