MSG Entertainment FY26 operating income rises 16% to $141.5 million; revenue increases 13% to $1.06 billion

Madison Square Garden Entertainment posted fiscal 2026 revenue of $1.06 billion, up 13% year over year.

Operating income climbed 16% to $141.5 million, while net income rose to $66.19 million.

Fourth-quarter revenue increased 27% to $196.3 million; operating loss narrowed to $8.6 million from a larger loss.

Non-GAAP adjusted operating income turned positive to $18.6 million in the quarter, while full-year adjusted operating income rose 18% to $262.2 million.

Management cited robust demand across nearly 960 events with 6.4 million guests; Penn Station redevelopment talks require the arena stay operational.