Madison Square Garden Entertainment Corp. (MSGE)

In the past six months, MSGE's stock has shown an upward trend, increasing by 44.01%, and over the past year, the stock has trended up by 60.38%. As of December 31, 2025, the share price was $53.89, representing an increase of 50.99% from January 2, 2025. Key events impacting the stock price include the fiscal 2025 fourth quarter and full-year results, which showed strong demand but a slight revenue decrease, the fiscal 2026 first-quarter results, which highlighted a revenue increase and share repurchases, and the fiscal 2025 second-quarter results, which noted a record-setting season for the Christmas Spectacular. The company has been actively repurchasing its Class A common stock, with approximately $40 million repurchased during fiscal 2025 and an additional $25 million in the fiscal 2026 first quarter.

Demand for Madison Square Garden Entertainment's products and services exhibits seasonality, particularly influenced by its event calendar and specific productions. The "Christmas Spectacular Starring the Radio City Rockettes" is a highly seasonal product, achieving record-setting results during the holiday season. While there is consistent demand for live events, the mix and volume of events can fluctuate, and management anticipates mid to high single-digit AOI growth for the full fiscal year 2025, supported by the Christmas Spectacular and expected growth in bookings in the second half of the fiscal year.

Madison Square Garden Entertainment Corp. (MSGE) is an American entertainment holding company based in New York City, operating within the Consumer Discretionary sector, specifically in the Live Entertainment, Venue Operation, and Event Hosting industry. The company produces, presents, and hosts a diverse range of live entertainment events, including concerts, sporting events, family shows, performing arts events, and special events. MSGE's major products and services revolve around its portfolio of iconic venues such as Madison Square Garden, Radio City Music Hall, and The Chicago Theatre, and the events they host, including the proprietary production "Christmas Spectacular Starring the Radio City Rockettes." The company also engages in entertainment and sports bookings and offers tailored packages for corporate and private events.

Madison Square Garden Entertainment Corp.'s geographic footprint is primarily concentrated in major metropolitan centers within the United States. Its key venues are located in New York City (Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and the Beacon Theatre) and Chicago (The Chicago Theatre). The company's operational reach extends across multiple regions, supporting a continuous flow of guest traffic, event coordination, and scheduling-driven activity.

Madison Square Garden Entertainment benefits from a strong brand reputation due to its portfolio of iconic venues like Madison Square Garden and Radio City Music Hall. The company invests in its properties and technology to deliver cutting-edge experiences, and the record-setting success of the "Christmas Spectacular" has bolstered its reputation. However, the company has faced reputational challenges related to its use of facial recognition systems and policies prohibiting representatives of law firms engaged in litigation with MSG from attending its venues.

Madison Square Garden Entertainment Corp. (MSGE) has a mixed ownership structure comprising institutional, retail, and individual investors. Institutions hold a significant majority of the company's stock, with approximately 77.58% to 96.86% of shares outstanding. Individuals and insiders hold a smaller percentage, with approximately 2.81% to 16.41% of shares outstanding. Public companies and individual investors collectively own approximately 5.21% to 15.00% of the stock.