Filing Flows › Madison Square Garden Entertainment (MSGE) › Q4 FY25
Madison Square Garden Entertainment (MSGE) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 13, 2025
Madison Square Garden Entertainment (MSGE) reported revenue of $154M for the fourth quarter fiscal 2025 (Q4 FY25), -17% from a year earlier and -36% from the quarter before. Operating margin was -16.7%, net loss $27.2M (17.6% of revenue).
Madison Square Garden Entertainment, Q4 FY25: revenue $154M (-17% year over year), operating margin -16.7%, net loss $27.2M, operating cash flow −$27.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | -36% | -17% |
| Operating profit | −$25.8M | -194% | — |
| Net earnings | −$27.2M | -438% | — |
| Operating cash flow | −$27.0M | -148% | — |
What changed
Revenue was $154.1M in Q4 FY25, down 17% year over year and down 36% from the previous quarter.
Operating costs exceeded revenue by $25.8M, an operating margin of -16.7%. Total costs fell 8% while revenue fell 17%. The quarter ended with a net loss of $27.2M, after a profit of $8.0M the previous quarter. Net interest and other expense of $16.4M was the main reason.
Operating cash flow was −$27.0M. Non-cash charges added back $15.4M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $21.1M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$28.6M.
Questions
What was Madison Square Garden Entertainment's revenue in the fourth quarter fiscal 2025?
Madison Square Garden Entertainment (MSGE) reported revenue of $154M for the fourth quarter fiscal 2025 (Q4 FY25), -17% from a year earlier and -36% from the quarter before.
Was Madison Square Garden Entertainment profitable in the fourth quarter fiscal 2025?
Operating loss was $25.8M (-16.7% of revenue) and net loss $27.2M.
Source: Madison Square Garden Entertainment 10-K on SEC EDGAR.