MSG Entertainment Q3 revenue up 13% to $228.3M; raises FY24 guidance ranges

Madison Square Garden Entertainment Corp.

2024-Q3 EPS reported $1.58 revenue$773,191,000

Q3 revenue $228.3M (+13% YoY); operating income $16.8M (down 32% vs $24.7M prior year carve-out).
Adjusted operating income $38.5M, down 23% from $50.2M; prior year is carve-out, not fully comparable.
FY24 revenue guidance narrowed to $940-950M (prior $930-950M); operating income raised to $100-110M (from $95-105M).
FY24 AOI guidance raised to $200-210M from $195-205M; company on track for low double-digit bookings event growth.
Results benefited from five additional Knicks home games vs prior year; bookings strength continued in quarter.

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 0.9

Madison Square Garden Entertainment Corp. reported fiscal third quarter ended March 31, 2024 results: revenue $228.3 million. Guidance raised.

Period: fiscal third quarter ended March 31, 2024
Revenue: $228.3 million
Guidance: raised
Result: reported results

Exact text from the filing

For the fiscal 2024 third quarter, the Company reported revenues of $228.3 million, an increase of $27.1 million, or 13%, as compared to the prior year quarter.

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Source: SEC EDGAR

accession 0001952073-24-000013

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