secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Entertainment Corp. (MSGE)
CIK:        0001952073
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001952073-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952073/000195207324000013/0001952073-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952073/000195207324000013/msge-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001952073-24-000013

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