Madison Square Garden Entertainment Corp. — Cyborg Score 7/10

Strategic Profile

The company's flagship Christmas Spectacular production at Radio City Music Hall achieved record-setting performance in its 92nd holiday season with over 1.2 million tickets sold across 215 performances, marking the highest attendance in 25 years. In fiscal 2026 second quarter, MSGE reported revenues of $459.9M (up 13% YoY) and operating income of $163.8M (up 18% YoY).

Cyborg Score Rationale

The company generated $1.01B in trailing 12-month revenue as of December 31, 2025. Strong operational momentum with double-digit revenue growth, record-breaking holiday season performance, and robust cash flow generation demonstrate solid execution. Recent Q2 earnings missed EPS expectations, indicating some operational challenges to monitor.

Top Insights

• Christmas Spectacular achieved highest attendance in 25 years with 1.2M+ tickets sold in 2025 holiday season
• Q2 2026 revenues up 13% YoY to $459.9M with operating income up 18% YoY to $163.8M
• Operating cash flow more than doubled to $184.2M for first half of fiscal 2026
• Strong growth in bookings events and hosting of New York Knicks and Rangers regular seasons at Madison Square Garden Arena

Named Competitors

• Arenas & Entertainment Venues — Leading live entertainment and venue management operators
• Regional Arena Operators — Smaller-scale venue operators without iconic brand portfolio

Recent Developments

• (February 2026) Madison Square Garden Entertainment reported Q2 2026 earnings with $459.9M revenue, up 13% YoY
• (January 2026) Christmas Spectacular closed with record 1.2M+ tickets and highest attendance in 25 years
• (February 2026) Partnership extension announced with Infosys as Official Digital Innovation Partner

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