Filing Flows › Madison Square Garden Entertainment (MSGE) › Q1 FY27 › vs Q1 FY26
Madison Square Garden Entertainment (MSGE) Q1 FY27 vs Q1 FY26 (year over year)
Madison Square Garden Entertainment's revenue rose $58.9M (+37%) from $158M in Q1 FY26 to $217M in Q1 FY27. The biggest changes: Entertainment and Food, Beverage And Merchandise Revenues +$56.4M (+37%); Arena license fees and other leasing revenue +$2.5M (+60%). Operating margin 4.5% against -18.8% (+23.3 pts).
Madison Square Garden Entertainment, Q1 FY27: revenue $217M (+37% year over year), operating margin 4.5%, net earnings $8.9M, operating cash flow −$26.2M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | -18.8% | +23.3 pts |
| Net margin | 4.1% | -13.7% | +17.8 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Ticketing and venue license fee revenues | $127M | $85.8M | $41.1M | +48% |
| Sponsorship and signage, suite license, and advertising commission revenues | $46.3M | $43.9M | $2.4M | +5% |
| Food, Beverage and Merchandise Revenues | $35.7M | $22.8M | $12.9M | +56% |
| Other | $1.6M | $1.6M | $42K | +3% |
| Entertainment and Food, Beverage And Merchandise Revenues | $211M | $154M | $56.4M | +37% |
| Arena license fees and other leasing revenue | $6.6M | $4.1M | $2.5M | +60% |
| Revenue | $217M | $158M | $58.9M | +37% |
| Operating profit | $9.7M | −$29.7M | $39.5M | — |
| Costs & expenses | $207M | $188M | $19.4M | +10% |
| Pre-tax earnings | $2.3M | −$40.4M | $42.8M | — |
| Other expense, net | $7.4M | $10.7M | −$3.3M | -31% |
| SG&A | $66.9M | $56.6M | $10.3M | +18% |
| Other operating costs | $141M | $131M | $9.1M | +7% |
| Income tax benefit | $6.6M | $18.8M | −$12.2M | -65% |
| Net earnings | $8.9M | −$21.7M | $30.6M | — |
| Operating cash sources | $58.5M | −$20.1M | $78.6M | — |
| Depreciation & amortization | $13.8M | $14.1M | −$281K | -2% |
| Share-based compensation | $9.6M | $7.3M | $2.3M | +32% |
| Cash used in operations | $26.2M | −$19.8M | $46.0M | — |
| Working capital & other | $58.5M | −$20.1M | $78.6M | — |
Questions
How much did Madison Square Garden Entertainment's revenue grow year over year in Q1 FY27?
Madison Square Garden Entertainment's revenue rose $58.9M (+37%) from $158M in Q1 FY26 to $217M in Q1 FY27.
What drove Madison Square Garden Entertainment's revenue change in Q1 FY27?
Entertainment and Food, Beverage And Merchandise Revenues +$56.4M (+37%); Arena license fees and other leasing revenue +$2.5M (+60%).