Filing Flows › Madison Square Garden Entertainment (MSGE) › Q4 FY26
Madison Square Garden Entertainment (MSGE) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 12, 2026
Madison Square Garden Entertainment (MSGE) reported revenue of $271M for the fourth quarter fiscal 2026 (Q4 FY26), +76% from a year earlier and +10% from the quarter before. Operating margin was -3.2%, net loss $10.0M (3.7% of revenue).
Madison Square Garden Entertainment, Q4 FY26: revenue $271M (+76% year over year), operating margin -3.2%, net loss $10.0M, operating cash flow −$16.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $271M | +10% | +76% |
| Operating profit | −$8.6M | -154% | — |
| Net earnings | −$10.0M | -295% | — |
| Operating cash flow | −$16.6M | -109% | — |
What changed
Revenue was $271.1M in Q4 FY26, up 76% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $8.6M, an operating margin of -3.2%. Total costs grew 55% against revenue growth of 76%. The fastest-growing cost line was Other operating costs (+77%). The quarter ended with a net loss of $10.0M, after a profit of $5.1M the previous quarter. Net interest and other expense of $5.7M was the main reason.
Operating cash flow was −$16.6M. Non-cash charges added back $14.2M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items used $29.3M. Capital expenditures of −$293K exceeded it, leaving free cash flow of −$16.3M.
Questions
What was Madison Square Garden Entertainment's revenue in the fourth quarter fiscal 2026?
Madison Square Garden Entertainment (MSGE) reported revenue of $271M for the fourth quarter fiscal 2026 (Q4 FY26), +76% from a year earlier and +10% from the quarter before.
Was Madison Square Garden Entertainment profitable in the fourth quarter fiscal 2026?
Operating loss was $8.6M (-3.2% of revenue) and net loss $10.0M.
Source: Madison Square Garden Entertainment 10-K on SEC EDGAR.