Madison Square Garden Entertainment Corp. (NYSE: MSGE) today reported financial results for the fiscal first quarter ended September 30, 2026.
The fiscal 2027 first quarter was marked by a diverse slate of live entertainment offerings across the Company’s portfolio of venues. This included a new record for the number of concerts in any quarter at the Madison Square Garden Arena.
Subsequent to the end of the quarter, the New York Knicks and New York Rangers began their 2026-27 regular seasons at The Garden. And later today, the Christmas Spectacular production begins its 2026 holiday season at Radio City Music Hall with 231 planned performances as compared to 215 in fiscal 2026.
In addition, during the fiscal 2027 first quarter, the Company repurchased approximately $25 million of its Class A common stock, bringing total share repurchases since the Company was spun off from Sphere Entertainment Co. in 2023 to approximately $230 million.
For the fiscal 2027 first quarter, the Company reported revenues of $217.1 million, an increase of $58.9 million, or 37%, as compared to the prior year quarter. In addition, the Company reported operating income of $9.7 million, an increase of $39.5 million, and adjusted operating income of $34.3 million, an increase of $27.2 million, both as compared to the prior year quarter.
MSGE shares progressed $1.25, or 1.6%, to $80.75.
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