Madison Square Garden Q4 revenue beats estimates on higher concerts and related income
MSGE•Overview
- US live entertainment operator's Q4 revenue rose 27% yr/yr, beating analyst expectations
- Q4 adjusted EBIT swung to profit, beating analyst expectations
- Company attributed results to robust demand for live entertainment offerings
Company expects solid growth in adjusted operating income in fiscal 2027
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Revenue | Beat | $196.30 mln | $166.62 mln (8 Analysts) |
| Q4 Loss Per Share | $0.21 | ||
| Q4 Net Loss | $9.99 mln | ||
| Q4 Adjusted EBIT | Beat | $18.60 mln | -$12.02 mln (8 Analysts) |
| Q4 Operating Income | -$8.60 mln |
Result drivers
- Concerts and events - Higher number of concerts at The Garden and increased per-concert revenue drove entertainment revenue growth.
- Merchandise and suite fees - Higher commissions on merchandise sales and suite license fee revenues contributed to revenue growth.
- Food and beverage sales - Increased food and beverage sales at concerts and Knicks and Rangers games supported revenue gains.
