Madison Square Garden Entertainment Corp. (NYSE: MSGE) today announced that the Company repurchased 314,349 shares of MSGE Class A common stock at an average price of $79.53 per share for an aggregate purchase price of approximately $25 million from September 11, through September 17. The share repurchases were funded using cash on hand.
Since the Company was spun off from Sphere Entertainment Co. in April 2023, the Company has repurchased 6,420,588 shares of MSGE Class A common stock for an aggregate purchase price of approximately $230 million.
Madison Square Garden Entertainment Corp. 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, Infosys 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 more than 90 years.
MSGE shares tacked on $1.41, or 1.8%, Monday to $80.39.
