MSG Entertainment revenue dips due to less concerts
The financial results are MSGE's first as a standalone live entertainment company after it spun off from MSG’s Sphere and MSG Networks
News By Lisa Henderson | 8 November 2023
Madison Square Garden Entertainment (MSGE) has reported revenue of US$142.2 million in its fiscal 2024 first quarter, down 3% ($4.2m) year over year. The financial results are MSGE’s first as a standalone live entertainment company after it spun off from MSG’s Sphere and MSG Networks businesses in April.
MSGE – which owns venues including New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre and The Chicago Theatre – said event-related revenues narrowed…
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