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Madison Square Garden Entertainment Corp. (MSGE)
NYSE:MSGE
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$2.19Last Year’s EPS
$2.59Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -22.89%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mixed bag of outcomes. While there is notable success in ticket sales for the Christmas Spectacular and new partnerships, challenges persist with declining concert revenues, slowing bookings, and increased costs. The company is optimistic about its long-term prospects but is facing short-term headwinds.Company Guidance
During the MSGE Q1 2025 earnings call, executives provided guidance indicating a mid- to high single-digit percentage increase in adjusted operating income (AOI) for fiscal 2025. The company reported revenues of $138.7 million, a slight decrease from $142.2 million in the previous year, primarily due to lower concert-related revenues and decreased food, beverage, and merchandise sales. Despite these declines, the company noted an increase in arena license fees and a significant number of guests, with nearly 800,000 attending over 120 events in the quarter. The Christmas Spectacular is expected to welcome over 1 million guests, with advanced ticket sales outpacing last year, leading to an anticipated record revenue season. Additionally, MSGE highlighted strong momentum in marketing partnerships, announcing new deals with Lenovo, Motorola, and the Department of Culture and Tourism, Abu Dhabi, and an expanded renewal with Verizon, all contributing to the company's positive outlook. Despite some slowing in concert bookings, MSGE anticipates growth in total bookings, driven by family shows, special events, and marquee sports. The company also plans to manage sponsorship sales internally following the termination of its agreement with Oak View Group's Crown Properties Collection, expecting some incremental overhead expenses as a result.Record Number of Concerts at the Garden
The Garden saw a record number of concerts for the fiscal first quarter, with nearly 800,000 guests at over 120 events.
Strong Demand for Christmas Spectacular
Advanced ticket sales for the Christmas Spectacular outpaced the previous year, with an expected over 1 million guests and additional shows added due to high demand.
New Marketing Partnerships
New deals announced with Lenovo, Motorola, and the Department of Culture and Tourism, Abu Dhabi, along with an expanded renewal with Verizon.
Positive AOI Growth
Adjusted operating income increased by $2.1 million from the prior year quarter, reflecting a decrease in direct operating and SG&A expenses.
Debt Management Success
Paid down the full $55 million revolver balance and continue to expect substantial free cash flow.
Strong Premium Hospitality Sales
Continued strong new sales and renewal activity for suites, including event level club spaces.
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Madison Square Garden Entertainment Corp. (MSGE) Earnings, Revenues Date & History
MSGE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MSGE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $43.08 | $39.15 | -9.12% |
| Aug 16, 2024 | $38.66 | $40.50 | +4.76% |
| May 09, 2024 | $39.88 | $36.89 | -7.50% |
| Feb 07, 2024 | $34.60 | $36.00 | +4.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Madison Square Garden Entertainment Corp. (MSGE) report earnings?
Madison Square Garden Entertainment Corp. (MSGE) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Madison Square Garden Entertainment Corp. (MSGE) earnings time?
Madison Square Garden Entertainment Corp. (MSGE) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSGE EPS forecast?
MSGE EPS forecast for the fiscal quarter 2025 (Q2) is $2.19.
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