MSG Entertainment

MSG Entertainment

Owns and operates premier live venues

Overview

What MSG Entertainment does: It owns and operates a portfolio of famous live entertainment venues in North America, such as Madison Square Garden, Radio City Music Hall, and the Beacon Theatre, where it hosts concerts, sports events, and theater. How its product works: The company generates revenue by selling tickets, renting venues, securing sponsorships, and offering concessions at events. It also leverages its venues and brands for media rights and merchandise, turning live experiences into long-term media and product opportunities. How it differs from competitors: It combines ownership of iconic, multifunction venues with strong media rights and merchandising opportunities tied to its brands, giving it multiple income streams beyond ticket sales. What its goal is: To provide high-quality, large-scale live entertainment experiences through well-known venues and brands while expanding revenue from media licensing and merchandise.

About MSG Entertainment

Simplify's Rating
Why MSG Entertainment is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Entertainment

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2010

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Simplify's Take

What believers are saying

  • Fiscal 2026 revenue hit $1.061 billion, up 13%, with AOI rising 18%.
  • August 12, 2026 results beat estimates, and shares hit an $85.89 high.
  • The 2026 Christmas Spectacular adds a new Rockettes number and immersive technology.

What critics are saying

  • June 2026 ShinyHunters breach exposed 26 million records, triggering class actions and cybersecurity scrutiny.
  • July 16, 2026 MSG sued WIRED, extending reputational damage around surveillance and discrimination.
  • NYC's Ban the Scan bill targets MSG facial recognition; passage would gut its security playbook.

What makes MSG Entertainment unique

  • Madison Square Garden, Radio City Music Hall, and The Chicago Theatre anchor irreplaceable demand.
  • The Christmas Spectacular sold 1.2 million tickets in 2026 and returns with 230 performances.
  • James Dolan controls premium New York live experiences with unmatched venue scarcity and brand recognition.

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Funding

Total Funding

$225M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Flexible Work Hours

Stock Price

Company News

CelebrityAccess
Aug 16th, 2026
MSG entertainment revenue jumps 13% to $1.06 billion in fiscal 2026.

MSG entertainment revenue jumps 13% to $1.06 billion in fiscal 2026. NEW YORK (CelebrityAccess) - Madison Square Garden Entertainment Corp. (MSGE) closed fiscal 2026 with revenue topping $1 billion as strong concert activity at Madison Square Garden, the New York Knicks' championship run, and another record year for the Christmas Spectacular helped drive growth. For the fiscal year ended June 30, MSGE reported revenue of $1.061 billion, up $118.1 million, or 13%, from $942.7 million a year earlier. Operating income increased 16% to $141.5 million, while adjusted operating income rose 18% to $262.2 million. Net income reached $66.2 million, compared with $37.4 million in fiscal 2025. The company welcomed approximately 6.4 million guests across nearly 960 events during the year. Those events included concerts, family shows, special events, and sports, along with New York Knicks and New York Rangers games at Madison Square Garden. Concerts were a major part of the increase. Concert revenue grew by $33.4 million for the year, driven by more shows at Madison Square Garden and higher revenue per concert. That growth was partly offset by fewer concerts at the company's theaters. The Christmas Spectacular Starring the Radio City Rockettes also delivered another record-setting season. More than 1.2 million tickets were sold for 215 paid performances, compared with about 1.1 million tickets across 200 performances the previous year. Revenue from the production increased by $20.9 million, helped by the additional shows, stronger attendance and higher average ticket prices. Other live entertainment and sporting event revenue increased by $13.2 million, while venue-related sponsorship, signage and suite license revenue rose by $10.9 million. Food, beverage and merchandise revenue also benefited from increased activity at The Garden. "Today's results reflect the strong demand we continue to see for our live entertainment offerings. Looking ahead, we are well positioned to drive solid growth in adjusted operating income in fiscal '27 and remain confident in our ability to deliver long-term shareholder value," Executive Chairman and CEO James L. Dolan said. MSGE also finished the year with $294.2 million in cash, cash equivalents and restricted cash, up sharply from $43.5 million at the end of fiscal 2025. Cash provided by operating activities increased to $351.4 million from $115.3 million. For the fourth quarter, revenue jumped 27% year over year to $196.3 million. The company posted an operating loss of $8.6 million, an improvement from a $25.8 million loss in the year-ago period. Adjusted operating income reached $18.6 million, compared with an adjusted operating loss of $1.3 million a year earlier. Fourth-quarter concert revenue increased by $22.7 million as The Garden hosted more concerts and generated higher revenue per show. Food, beverage, and merchandise revenue increased 22% to $32.2 million during the quarter. MSGE's venue portfolio includes Madison Square Garden, Radio City Music Hall, Beacon Theatre, Infosys Theater at Madison Square Garden, and The Chicago Theatre.

Wired
Aug 14th, 2026
New York City lawmakers push to 'ban the Scan' at MSG.

New York City lawmakers push to 'ban the Scan' at MSG. At a press conference outside Madison Square Garden, politicians, musicians, and privacy advocates argued for tighter restrictions on how public venues deploy biometric surveillance. Privacy advocates and musicians rallied outside Madison Square Garden on Friday, pushing for new legislation to prevent facial-recognition technology at the venue and other public spaces in New York City. "MSG and its CEO, James Dolan, have been flagrantly abusing biotechnology," City Council member Shahana Hanif said at the event on Friday, after leading a chant of "ban the scan." In January, Hanif proposed a bill that would prohibit public venues from using biometric recognition tech such as Madison Square Garden's facial-recognition systems. Madison Square Garden is well-known for its biometric data collection practices. As WIRED has previously reported, fans who are critical of Dolan or the New York Knicks can end up on watch lists, their faces filed in MSG's extensive database. In one instance, MSG security tracked the movements of a specific fan at a Knicks game down to the minute, cataloging their movements, who they spoke with, when they ate, and where they sat. Hundreds of lawyers involved in disputes with Dolan or Dolan-owned properties have been banned from Dolan's venues, including a mother who was blocked from taking her daughter to a Radio City Music Hall show. In July, WIRED reported that MSG also maintains a database that assigns risk scores to around 400 celebrities and VIPs. Some of the dossiers also include the race and sexual orientation of those who attend the arena. MSG filed a defamation lawsuit against WIRED later that month. At the rally on Friday, Hanif was joined by Brooklyn-based country musician Paisley Fields, a representative from the democratic-socialist working group NYC DSA Tech Action, and members of the digital rights advocacy group Fight for the Future. Hanif's "Ban the Scan" bill now has 27 endorsements, more than half of the City Council. Members are in talks with speaker Julie Menin about advancing the legislation, according to Hanif. "People have been recognizing each other's faces since the beginning of time - we just do it electronically," an MSG spokesperson said in an emailed statement. Hanif tells WIRED that, as a Muslim who grew up in post-9/11 New York, surveillance isn't new. However, she says, many may not understand the extent of the surveillance that they're exposed to simply by attending a Knicks game or a concert at Madison Square Garden or one of its associated venues. The fact that Dolan, who has a long relationship with President Donald Trump, is the one collecting the data worries Hanif even more. "New Yorkers need to understand, right now, between AI and all these tools that are being sold to us as being for... our city's safety, are actually making us less safe," Hanif says.

The Surveillance Technology Oversight Project (S.T.O.P.)
Aug 14th, 2026
COUNCIL MEMBER SHAHANA HANIF, ADVOCATES RALLY AT MSG TO DEMAND BAN ON FACIAL RECOGNITION TECH

COUNCIL MEMBER SHAHANA HANIF, ADVOCATES RALLY AT MSG TO DEMAND BAN ON FACIAL RECOGNITION TECH | View this email in your browser | | For Immediate Release | COUNCIL MEMBER SHAHANA HANIF, ADVOCATES RALLY AT MSG TO DEMAND BAN ON FACIAL RECOGNITION TECH Following Progressive Caucus endorsement of Ban the Scan, bill sponsor Council Member Hanif and coalition allies rally outside Madison Square Garden NEW YORK, NY - Today, New York City Council Member Shahana Hanif joined privacy advocates, artists, organizers, and New Yorkers to demand an end to the use of biometric surveillance in places of public accommodation and call on the City Council to pass her bill Ban the Scan, Int. 213. The rally, organized with the Surveillance Technology Oversight Project (S.T.O.P.), Fight for the Future, NYC DSA Tech Action, the Jim Owles Liberal Democratic Club, musician and artist Cristy Roads, country musician Paisley Fields, and others, comes amid renewed scrutiny of Madison Square Garden's use of facial recognition technology. MSG's flagrant abuse of the technology to ban critics and violate the privacy of visitors perfectly illustrates the inherent danger of mass biometric surveillance. CEO James Dolan's surveillance controversies have been producing outrage for years, with the latest reporting highlighting the enhanced privacy experienced by wealthy patrons. "Madison Square Garden has shown us exactly what happens when corporations are allowed to deploy facial recognition without meaningful limits: they use it to track, profile, and blacklist people they don't like," said Council Member Shahana Hanif. "Your face should not be a tool that a corporation can use to punish you for exercising your rights. We have the opportunity to stop this abuse in New York City. It is time for the Council to pass Ban the Scan." The need for action is particularly urgent as biometric surveillance becomes increasingly commonplace in private businesses and public-facing spaces in NYC. Advocates warn that sensitive information - including people's faces, names, and voices - can be vulnerable to misuse, data breaches, or access by law enforcement agencies. This summer, a cyberattack exposed sensitive visitor information, including biometric data collected through MSG's facial-recognition and surveillance systems. This breach demonstrates the danger of allowing private companies to amass vast troves of sensitive biometric information without strong limits on its collection and retention. The coalition also highlighted growing opposition from artists and venues. Hundreds of artists and venues have pledged not to use facial recognition technology at concerts, demonstrating that entertainment and public safety do not require invasive biometric surveillance. "No one should have to surrender their personal privacy in order to watch their favorite sports team," said Department of Consumer and Worker Protection Commissioner Samuel A.A. Levine. "Intro 213 would prohibit providers of public accommodation - like sports arenas - from using biometric data to identify you in public and would ensure your biometric data isn't sold. This kind of mass surveillance opens the door to abuse and discrimination, making consumers in our city uniquely vulnerable. It's time to ban the scan and protect New Yorkers' privacy and civil rights." "Buying a ticket to Madison Square Garden shouldn't mean checking your civil liberties or your right to privacy at the door. Facial recognition technology is invasive, ripe for abuse, and has reportedly already been used to profile New Yorkers based on their gender identity and sexual orientation," said Manhattan Borough President Brad Hoylman-Sigal. "In the State Senate, I was proud to sponsor legislation to prohibit law enforcement from using facial recognition and other biometric surveillance technology. New Yorkers deserve those same basic protections when they walk into a venue to see a concert, a Knicks game, or a Rangers game. I applaud Council Member Hanif for leading the charge on this legislation and urge the Council to pass it swiftly. New Yorkers shouldn't have to sacrifice their privacy for a night out." "New Yorkers love the Knicks, but they sure as hell don't love having their biometric data captured when visiting the Garden," said New York City Progressive Caucus Co-Chair Sandy Nurse. "Everyone has the right to privacy and deserves the basic respect of not having their sensitive information taken and stored, let alone by a private corporation. It's time to Ban the Scan and protect New Yorkers from surveillance in public spaces." "No one wants this. Artists and fans have resoundingly rejected facial recognition at venues, and now we need lawmakers to make it official by banning facial recognition surveillance in places of public accommodation, including bars, stores, and music and sports venues like Madison Square Garden," said Evan Greer (she/her), director of Fight for the Future. "Bullies like James Dolan make the dangers of facial recognition explicitly clear. Going to a show should not be conditioned on being subjected to invasive, racially biased monitoring that puts fans at risk of getting harassed, falsely arrested, deported, or worse." "We should not have to give up our faces to attend a basketball game," said Raaid Arshad, NYC DSA Tech Action Working Group. "We should not have to let our gaits be analyzed just to buy a toothbrush. And, we should not be locked out of our homes or unfairly evicted because facial recognition tools can't recognize our black and brown skin tones. We must Ban the Scan in New York City." "Surveilling, tracking, and storing information on anyone entering MSG is not safety, it's intimidation and control," said Daniel Schwarz, Senior Privacy & Technology Strategist at the New York Civil Liberties Union. "For years, James Dolan's Madison Square Garden has weaponized biometric recognition and other forms of surveillance against all its patrons, exposing New Yorkers to retaliation, harassment, invasive monitoring, chilling speech, and putting people at risk of data breaches. Dolan must rectify these disgusting practices by immediately ceasing these spying operations, and the City Council must urgently pass Intro. 213 to prohibit businesses from deploying biometric surveillance on all of us." "Public facial recognition sparks the normalization of invasive government control, in a society that has become complacent to an already suffocating surveillance culture," said Cristy Road Carrera, Author, Artist, Musician. "The cloud, face id, apple watch, location tracking, the rise of AI, meta algorithms, meta glasses - they all contribute to the framework of a larger war." "When people come to my show I want them to feel like they are part of a community, to feel safe and welcome," said Paisley Fields, Musician. "Somewhere they can be themselves. The use of this technology will do the opposite of that. I don't see a way that facial recognition technology and ai surveillance in venues can be used in a way that is ethical and safe for my community." "Facial recognition technology and other forms of biometric surveillance are more likely to negatively impact New Yorkers of color," said Nina Loshkajian, Technology & Racial Justice Collaborative Fellow at the Center on Race, Inequality & the Law. "Given the proven higher error rates of the technology when identifying darker-skinned individuals, and the risk of increased deployment in neighborhoods of color, allowing this practice in New York City is akin to condoning a new form of algorithmic exclusion." "For years, MSG owner James Dolan has doubled down on using facial recognition to scan everyone entering his venues and ban individuals he dislikes," said Surveillance Technology Oversight Project Executive Director Michelle Dahl. "Dolan is just one high-profile example, however, and we don't know how many New Yorkers have been denied entry to stores, sports games, and other public accommodations based on biometric tracking. From Citifield to Wegmans, facial recognition has spread rapidly across our city, threatening the privacy and dignity of New Yorkers going about our daily lives. We shouldn't have to hand over our faces to cheer on the Knicks, catch a concert, or pick up groceries. It's long past time the City Council pass Intro. 0213 to ban the scan in public accommodations." The Surveillance Technology Oversight Project is a non-profit advocacy organization and legal services provider. S.T.O.P. litigates and advocates for privacy, fighting excessive local and state-level surveillance. Its work highlights the discriminatory impact of surveillance on Muslim Americans, immigrants, and communities of color. -END- | | Copyright (C) 2026 Surveillance Technology Oversight Project, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

MarketBeat
Aug 12th, 2026
Madison Square Garden Entertainment (NYSE:MSGE) reaches new 1-year high following strong earnings.

Madison Square Garden Entertainment (NYSE:MSGE) reaches new 1-year high following strong earnings. August 12, 2026 Key points. * Madison Square Garden Entertainment beat quarterly expectations: adjusted earnings were a loss of $0.21 per share versus the $0.44 loss analysts expected, while revenue rose 27.4% year over year to $196.32 million. * Shares reached a new 52-week high of $85.89 following the results, above the analyst consensus target of $79.83; the overall Wall Street rating remains Hold. * Institutional investors own 96.86% of MSGE, while company insiders own 16.41%; an executive recently sold 9,907 shares, reducing his position by 38.58%. * MarketBeat previews the top five stocks to own by September 1st. Madison Square Garden Entertainment Corp. (NYSE:MSGE - Get Free Report) shares hit a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $85.89 and last traded at $84.3050, with a volume of 51509 shares. The stock had previously closed at $79.37. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.23. Madison Square Garden Entertainment had a return on equity of 4,795.27% and a net margin of 4.81%.The business had revenue of $196.32 million for the quarter, compared to analyst estimates of $166.62 million. During the same period last year, the firm posted ($0.57) earnings per share. Madison Square Garden Entertainment's revenue was up 27.4% compared to the same quarter last year. Wall Street analyst weigh in. Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Madison Square Garden Entertainment in a report on Friday, July 31st. Susquehanna raised their target price on shares of Madison Square Garden Entertainment from $77.00 to $80.00 and gave the company a "positive" rating in a research report on Thursday, May 28th. The Goldman Sachs Group reiterated a "neutral" rating and set a $82.00 price target (up from $72.00) on shares of Madison Square Garden Entertainment in a report on Thursday, July 9th. Seaport Research Partners reiterated a "neutral" rating on shares of Madison Square Garden Entertainment in a research note on Monday, June 29th. Finally, Morgan Stanley raised their price objective on Madison Square Garden Entertainment from $70.00 to $80.00 and gave the company an "equal weight" rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $79.83. Insider buying and selling at Madison Square Garden Entertainment. In other news, EVP Philip Gerard D'ambrosio sold 9,907 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $74.48, for a total value of $737,873.36. Following the transaction, the executive vice president directly owned 15,772 shares of the company's stock, valued at $1,174,698.56. The trade was a 38.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.41% of the stock is currently owned by company insiders. Institutional trading of Madison Square Garden Entertainment. Several large investors have recently made changes to their positions in the company. Jericho Capital Asset Management L.P. raised its position in Madison Square Garden Entertainment by 26.9% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,662,724 shares of the company's stock valued at $197,384,000 after buying an additional 777,000 shares during the last quarter. Millennium Management LLC boosted its holdings in Madison Square Garden Entertainment by 2,037.6% during the 3rd quarter. Millennium Management LLC now owns 589,096 shares of the company's stock worth $26,651,000 after acquiring an additional 561,537 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Madison Square Garden Entertainment by 324.8% in the 2nd quarter. Bank of America Corp DE now owns 667,248 shares of the company's stock worth $26,670,000 after acquiring an additional 510,191 shares in the last quarter. Nuveen LLC raised its holdings in shares of Madison Square Garden Entertainment by 86.4% in the fourth quarter. Nuveen LLC now owns 724,467 shares of the company's stock valued at $39,042,000 after purchasing an additional 335,890 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Madison Square Garden Entertainment in the fourth quarter valued at about $13,473,000. 96.86% of the stock is currently owned by institutional investors and hedge funds. Madison Square Garden Entertainment price performance. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 11.40. The business's 50-day moving average is $75.90 and its two-hundred day moving average is $67.06. The company has a market capitalization of $3.44 billion, a P/E ratio of 83.38 and a beta of 0.56. Madison Square Garden Entertainment company profile. Madison Square Garden Entertainment Corp. NYSE: MSGE is a premier live entertainment company focused on producing and hosting a wide range of events across North America. Established as a separate publicly traded entity in April 2020 through a spin-off from Madison Square Garden Company, MSGE owns and operates iconic venues such as Madison Square Garden in New York City, Radio City Music Hall, The Chicago Theatre and Sphere in Las Vegas. These facilities serve as flagship stages for concerts, sports events, family shows and cultural performances. Discover more Stock market holidays ETF screener access Options profit calculator The company's core business activities center on venue management, event promotion and production services. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Madison Square Garden Entertainment, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Madison Square Garden Entertainment wasn't on the list. While Madison Square Garden Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain - combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

The Ticketing Business
Aug 5th, 2026
People on the move: Tixel, Paciolan and more...

People on the move: Tixel, Paciolan and more... We round up the latest movements from the ticketing sector and associated industries... Tixel has appointed several new hires to its US team, led by fellow new hire Juan Torres, vice president of commercial, US. It has been a year since Tixel officially launched in the US market, with the fan-to-fan ticket resale platform securing partnerships with primary ticketing businesses Eventim USA, Leap Event Technology, and Opendate. To continue this growth, Alexis Rommel has been appointed as head of platform partnerships, US, joining from AXS where she was director of strategy. Meghan McBreen has joined Tixel as business development manager, US. McBreen most recently held ticketing leadership roles at Newport Folk Festival and Park City Song Summit. Also joining the team is Jennifer Lee, who has taken on the role of US operations associate. Lee has joined from Madison Square Garden Entertainment. Elsewhere, Darren Ali has been promoted to director of EMEA ticketing and global hospitality sales at the National Football League (NFL), and Kate Bickell has been promoted to head of hospitality and ticketing at the Premier League. Paciolan has brought Jenifer LaMorte on board as vice president and general manager, performing arts, where she will lead the company's dedicated performing arts segment, overseeing strategy, client partnerships, and growth. Paciolan is a ticketing, fundraising, marketing and analytics platform for live entertainment, college sports, professional sports and more. It is a subsidiary of Learfield. The University of Northern Iowa's (UNI) athletics department has hired Jens Jorgensen as its new athletics ticketing account executive, where he will assist in ticket sales for events and guest experiences for fans. Additionally, UNI Athletics has promoted Dylan Petersen to the role of director of sales. After two years at Manchester's AO Arena and a stint working as ticketing manager for the Glasgow Commonwealth Games, Kaine Opere has joined Live Nation Entertainment as director of ticketing operations and fan experience - VIP Nation International. Do you have news of an appointment that we should know about? Get in touch by emailing [email protected] and we'll include it in our next round-up.

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