
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Madison Square Garden Entertainment Corp (MSGE)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/15/2025: MSGE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $48.5
1 Year Target Price $48.5
6 | Strong Buy |
1 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
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 Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
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 |
Upturn AI SWOT
Madison Square Garden Entertainment Corp

Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.msgentertainment.com |
Full time employees 1200 | Website https://www.msgentertainment.com |
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.