MSG Entertainment swings to FY27 Q1 net income of $8.91 million from year-earlier loss
MSGE•MSG Entertainment reported FY27 first-quarter net income of $8.91 million, compared with a loss a year earlier, as revenue rose 37% to $217.1 million. It repurchased approximately $25 million of shares and plans 231 Christmas Spectacular performances for the 2026 holiday season.
1. Quarterly results
MSG Entertainment swung to net income of $8.91 million in its FY27 first quarter from a year-earlier loss. Revenue climbed 37% to $217.1 million, and The Garden hosted a record quarterly number of concerts.
2. Buybacks and holiday plans
Share repurchases totaled approximately $25 million, bringing cumulative buybacks since the 2023 spin-off to approximately $230 million. The Christmas Spectacular plans 231 performances for its 2026 holiday season, compared with 215 in FY26.
