Madison Square Garden Q1: Revenue Drops, Concerts Impress

Madison Square Garden Entertainment Corp (NYSE:MSGE) reported its fiscal first-quarter 2025 results Friday.

Revenue declined 2% year-on-year to $138.7 million, missing the analyst consensus estimate of $247.5 million. 

EPS loss of $(0.40) beat the analyst consensus loss estimate of $(2.76).

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Revenues from entertainment offerings declined 1% year-on-year to $115.1 million, primarily due to lower event-related revenues. 

Food, beverage, and merchandise revenues decreased 18% year-on-year to $19.0 million due to lower ...

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