earnings
confidence high
sentiment positive
materiality 0.75
MSGE Q2 revenue up 13% to $402.7M; raises FY24 revenue guidance to $930-950M
Madison Square Garden Entertainment Corp.
2024-Q2 EPS reported
$1.52
revenue$544,878,000
- Q2 revenue $402.7M (+13% YoY), operating income $137.4M (+21%), AOI $151.0M (+20%).
- FY24 revenue guidance raised to $930-950M (~10% YoY growth); operating income $95-105M; AOI $170-180M.
- Christmas Spectacular set records: over 1M tickets sold across 193 shows, extended by 8 performances.
- Bookings business on track for low double-digit percentage increase in events in FY2024.
- Prior year results are carve-out from Sphere Entertainment and not fully comparable with standalone period.