May 22, 2024

Grand News Network / November 7, 2023

Fewer Concerts Deepends Madison Square Garden Entertainment's Q3 Loss, Eyes Event Growth in FY24

Madison Square Garden Entertainment Corp (NYSE: MSGE) reported a first-quarter FY24 revenue decline of 3% year-on-year to $142.2 million, beating the consensus of $117.2 million. EPS loss of $(0.73) beat the consensus loss of $(1.90).

Event-related revenues decreased $8.3 million as compared to the prior year period due to the lower number of concerts held at the company's venues.

The direct operating expenses of $101.7 ...

Full story available on

Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.

Disclaimer Press Release Banner