MSG Entertainment Q1 revenue $142.2M (-3% YoY), adjusted operating loss $0.7M; maintains FY2024 guidance

Madison Square Garden Entertainment Corp.

2024-Q1 EPS reported -$1.00 revenue$142,212,000

Q1 revenue $142.2M, down 3% YoY from $146.5M; operating loss $33.4M vs $11.3M loss prior year.
Adjusted operating loss of $0.7M vs adjusted operating income of $11.5M in prior-year quarter.
FY2024 outlook: revenue $900-930M, AOI $160-170M; updated operating income range $85-95M.
Christmas Spectacular added two shows to total 187; on track for low double-digit bookings event growth.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Madison Square Garden Entertainment Corp. reported fiscal first quarter ended September 30, 2023 results: revenue $142.2 million. Guidance reaffirmed.

Period: fiscal first quarter ended September 30, 2023
Revenue: $142.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for the fiscal 2024 first quarter are not fully comparable with results for the prior year period. For the fiscal 2024 first quarter, the Company reported revenues of $142.2 million, a decrease of $4.2 million, or 3%, as compared to the prior year quarter. In addition, the Company reported an operating loss of $33.4 million, an increase of $22.1 million as

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Source: SEC EDGAR

accession 0001952073-23-000016

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