Madison Square Garden Entertainment Corp. (MSGE)

In the past six months, MSGE's stock has trended upwards by 40.73%. Over the past year, the stock has seen an 8.70% increase. Investor optimism is fueled by potential Sphere arena expansion, leading to a 23% year-to-date gain. Goldman Sachs maintains a "Buy" recommendation. Recent earnings reports include a Q4 2025 earnings call transcript and a reported Q4 loss that lagged revenue estimates, though Madison Square Garden did beat Q4 revenue expectations in another instance. The next earnings report is expected on November 6, 2025, and the general counsel, Laura Franco, is set to depart on October 31, 2025.

Demand for Madison Square Garden Entertainment's products and services is seasonal, particularly with the annual Christmas Spectacular Starring the Radio City Rockettes, which sees robust sales during the holiday period. The nature of live entertainment, including concerts, sporting events, and family shows, also suggests varying demand throughout the year. The company's venues host approximately 320 events a year.

Madison Square Garden Entertainment Corp. (MSGE) operates in the Consumer Discretionary sector, focusing on live entertainment. The company produces and hosts concerts, sporting events, family shows, performing arts, and special events at venues like Madison Square Garden and Radio City Music Hall. MSGE also owns the Christmas Spectacular Starring the Radio City Rockettes and has expanded into immersive entertainment with the Sphere in Las Vegas.

Madison Square Garden Entertainment Corp. primarily operates in the United States, with venues in New York City and Chicago. The company has expanded to Las Vegas with the Sphere. While concentrated in major U.S. cities, MSGE aims to expand its digital presence and explore global touring partnerships, with mentions of expanding an existing contract with a major international entertainment venue.

Madison Square Garden Entertainment has experienced renewed optimism due to the Sphere venue and consumer enthusiasm for experiential entertainment, evidenced by strong sales for productions like the Christmas Spectacular and increased per-capita spending. The company partnered with Earth Brands to promote sustainability and PensionBee to bring financial education to college basketball games. However, James Dolan's MSG Entertainment has been involved in political activities, and the departure of the general counsel could impact reputation.

Madison Square Garden Entertainment Corp. has 96.86% institutional ownership, with major holders including Assenagon Asset Management S.A., North Star Investment Management Corp., Exchange Traded Concepts LLC, and Radnor Capital Management LLC. Insiders hold 15.32% of the stock. James L. Dolan is the Executive Chairman and CEO. Sphere Entertainment Co. (SPHR) owns a 33% stake in MSGE.