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MSGE logo

Madison Square Garden Entertainment Corp (MSGE)

Upturn stock ratingUpturn stock rating
$44.99
Last Close (24-hour delay)
Profit since last BUY6.92%
upturn advisory
Consider higher Upturn Star rating
BUY since 28 days
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Upturn Advisory Summary

10/15/2025: MSGE (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

9 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $48.5

1 Year Target Price $48.5

Analysts Price Target For last 52 week
$48.5 Target price
52w Low $28.29
Current$44.99
52w High $48.09

Analysis of Past Performance

Type Stock
Historic Profit 19.97%
Avg. Invested days 56
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.06B USD
Price to earnings Ratio 56.54
1Y Target Price 48.5
Price to earnings Ratio 56.54
1Y Target Price 48.5
Volume (30-day avg) 9
Beta 0.49
52 Weeks Range 28.29 - 48.09
Updated Date 10/15/2025
52 Weeks Range 28.29 - 48.09
Updated Date 10/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.78

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 3.97%
Operating Margin (TTM) -15.05%

Management Effectiveness

Return on Assets (TTM) 5.11%
Return on Equity (TTM) 4.67%

Valuation

Trailing PE 56.54
Forward PE 26.04
Enterprise Value 3371818375
Price to Sales(TTM) 2.18
Enterprise Value 3371818375
Price to Sales(TTM) 2.18
Enterprise Value to Revenue 3.58
Enterprise Value to EBITDA 19.4
Shares Outstanding 40593104
Shares Floating 35482414
Shares Outstanding 40593104
Shares Floating 35482414
Percent Insiders 3.9
Percent Institutions 102.76

ai summary icon Upturn AI SWOT

Madison Square Garden Entertainment Corp

stock logo

Company Overview

overview logo History and Background

Madison Square Garden Entertainment Corp. (MSGE) was formed in 2020, spun off from Madison Square Garden Sports Corp. It focuses on live entertainment and venues. Its roots are in the original Madison Square Garden, dating back to the 19th century, evolving into a modern entertainment company.

business area logo Core Business Areas

  • Venues: Ownership and operation of iconic venues like Madison Square Garden and Radio City Music Hall. Hosting concerts, sporting events, and other live performances.
  • Entertainment: Producing and promoting live entertainment events, including concerts, family shows, and special attractions. Includes the Rockettes and the Christmas Spectacular.
  • MSG Sphere: Development and operation of immersive entertainment venues, starting with the MSG Sphere in Las Vegas.

leadership logo Leadership and Structure

James L. Dolan serves as Executive Chairman and CEO. The organizational structure is hierarchical, with executives overseeing various business segments such as venues, entertainment, and the Sphere project.

Top Products and Market Share

overview logo Key Offerings

  • Madison Square Garden Venue: Iconic venue hosting a variety of events. Revenue tied to event bookings, sponsorships, and premium seating. Competitors: Other major arenas and stadiums in New York City and nationally, like Barclays Center and MetLife Stadium.
  • Radio City Music Hall Venue: Historic venue famous for the Rockettes and the Christmas Spectacular. Revenue primarily from ticket sales and events. Competitors: Theaters and performing arts centers, such as Lincoln Center and Broadway theaters.
  • Christmas Spectacular Starring the Radio City Rockettes: Annual holiday stage show performed at Radio City Music Hall. Major source of revenue during the holiday season. Competitors: Other holiday-themed entertainment offerings.
  • MSG Sphere: Immersive entertainment venue with cutting-edge technology. Revenue from ticket sales, sponsorships, and advertising. Competitors: Other immersive entertainment experiences and large-scale venues.

Market Dynamics

industry overview logo Industry Overview

The live entertainment industry is highly competitive and influenced by factors such as consumer spending, economic conditions, and the availability of attractive content. The industry is growing, with increasing demand for live experiences and immersive entertainment.

Positioning

MSGE is a leading player in the live entertainment and venue management industry, known for its iconic venues and high-quality entertainment offerings. It has a competitive advantage due to its established brand recognition and prime locations.

Total Addressable Market (TAM)

The global live music market size was valued at $29.63 billion in 2022 and is projected to grow to $46.27 billion by 2030. MSGE is positioned to capture a portion of this expanding market through its iconic venues and innovative entertainment offerings. The TAM for immersive experiences is also rapidly growing.

Upturn SWOT Analysis

Strengths

  • Iconic venues (Madison Square Garden, Radio City Music Hall)
  • Strong brand recognition
  • Exclusive entertainment content (Rockettes)
  • Prime locations in major metropolitan areas
  • Innovative technology with MSG Sphere

Weaknesses

  • High operating costs
  • Dependence on event bookings
  • Sensitivity to economic downturns
  • Significant debt related to MSG Sphere
  • Geographic concentration (primarily New York)

Opportunities

  • Expansion of the MSG Sphere concept to other locations
  • Increased demand for immersive entertainment experiences
  • Strategic partnerships and acquisitions
  • Growth in the live entertainment market
  • Development of new revenue streams (e.g., online content)

Threats

  • Economic recessions
  • Increased competition from other entertainment venues
  • Changes in consumer preferences
  • Terrorism or other security threats
  • Technological disruptions (e.g., virtual reality concerts)

Competitors and Market Share

competitor logo Key Competitors

  • LYV
  • AEG Presents (Privately held)
  • CZR

Competitive Landscape

MSGE possesses an advantage through its prominent venues, the Rockettes franchise and the new MSG Sphere. It competes with other entertainment companies with diverse music, entertainment, and sporting event offerings, though MSGE holds strong regional influence in NYC.

Major Acquisitions

Tao Group Hospitality

  • Year: 2023
  • Acquisition Price (USD millions): 550
  • Strategic Rationale: Acquisition of a global leader in premium hospitality. This aligns with MSGE's strategy to diversify revenue streams and enhance its entertainment offerings at its venues and the Sphere.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by successful event bookings at its venues and the popularity of its entertainment offerings like the Rockettes. The MSG Sphere project represents a significant growth initiative.

Future Projections: Future growth is largely tied to the success of the MSG Sphere and its potential expansion. Analyst estimates will depend on Sphere adoption rates, event revenues, and the overall economic outlook.

Recent Initiatives: The primary recent initiative is the launch and operation of the MSG Sphere in Las Vegas. This project is crucial for MSGE's future growth strategy.

Summary

Madison Square Garden Entertainment is a player in live entertainment, with assets like MSG and Radio City. The MSG Sphere represents a high-risk, high-reward growth opportunity. Strong brand and venue positioning is balanced by debt from the Sphere and dependence on event bookings. Success hinges on the Sphere's performance and expansion.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Press Releases
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is based on available information and assumptions. Investment decisions should be based on thorough research and consultation with a financial advisor. Market share information is based on estimates and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Madison Square Garden Entertainment Corp

Exchange NYSE
Headquaters New York, NY, United States
IPO Launch date 2020-04-09
Executive Chairman & CEO Mr. James Lawrence Dolan
Sector Consumer Cyclical
Industry Leisure
Full time employees 1200
Full time employees 1200

Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business. The company produces, presents, and hosts live entertainment events, such as concerts, sporting events, family shows, family shows, performing arts events, and special events. It holds a portfolio of venues that include Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The company also owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, it engages in the entertainment and sports bookings business that showcase a range of concerts, family shows, and special events, as well as various sporting events. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.