Filing Flows › Madison Square Garden Entertainment (MSGE) › Q1 FY27 › vs Q4 FY26
Madison Square Garden Entertainment (MSGE) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Madison Square Garden Entertainment's revenue fell $54.0M (-20%) from $271M in Q4 FY26 to $217M in Q1 FY27. Operating margin 4.5% against -3.2% (+7.7 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | -3.2% | +7.7 pts |
| Net margin | 4.1% | -3.7% | +7.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $217M | $271M | −$54.0M | -20% |
| Operating profit | $9.7M | −$8.6M | $18.4M | — |
| Costs & expenses | $207M | $280M | −$72.3M | -26% |
| Pre-tax earnings | $2.3M | −$14.4M | $16.7M | — |
| Other expense, net | $7.4M | $5.7M | $1.7M | +29% |
| SG&A | $66.9M | $67.2M | −$351K | -0.5% |
| Other operating costs | $141M | $213M | −$72.0M | -34% |
| Income tax benefit | $6.6M | $4.4M | $2.2M | +50% |
| Net earnings | $8.9M | −$10.0M | $18.9M | — |
| Operating cash sources | $58.5M | $29.3M | $29.2M | +100% |
| Depreciation & amortization | $13.8M | $14.2M | −$430K | -3% |
| Share-based compensation | $9.6M | $8.4M | $1.2M | +14% |
| Cash used in operations | $26.2M | $16.6M | $9.6M | +58% |
| Working capital & other | $58.5M | $29.3M | $29.2M | +100% |
Questions
How much did Madison Square Garden Entertainment's revenue grow quarter over quarter in Q1 FY27?
Madison Square Garden Entertainment's revenue fell $54.0M (-20%) from $271M in Q4 FY26 to $217M in Q1 FY27. Operating margin 4.5% against -3.2% (+7.7 pts).