Quarterly ResultAug 12, 2026, 08:16 AM
Madison Square Garden Ent. FY26 Revenue $1.06B, Up 13%; Op. Income $141.5M
AI Summary
Madison Square Garden Entertainment Corp. reported strong financial results for fiscal 2026, with revenues increasing 13% to $1.06 billion and operating income rising 16% to $141.5 million. Adjusted operating income for the full year grew 18% to $262.2 million. For the fourth quarter of 2026, revenues were up 27% to $196.3 million, and adjusted operating income improved significantly to $18.6 million. The company also announced a non-binding memorandum of understanding regarding the redevelopment of New York Penn Station.
Key Highlights
- Fiscal 2026 revenues increased 13% year-over-year to $1.06 billion.
- Fiscal 2026 operating income rose 16% year-over-year to $141.5 million.
- Fiscal 2026 adjusted operating income grew 18% year-over-year to $262.2 million.
- Fourth quarter 2026 revenues increased 27% to $196.3 million.
- Fourth quarter 2026 adjusted operating income was $18.6 million, up from a loss.
- Entered non-binding MoU for New York Penn Station redevelopment, contemplating Infosys Theater transfer.
- Welcomed approximately 6.4 million guests at nearly 960 events in fiscal 2026.
Price Impact
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