Madison Square Garden Entertainment (NYSE:MSGE) reported higher fiscal third-quarter revenue, supported by concert activity at Madison Square Garden, growth in suites and marketing partnerships, and the final performances of the latest Christmas Spectacular season, while adjusted operating income declined on higher costs.
David Collins, executive vice president and chief financial officer, said demand for the company’s live entertainment offerings “remains strong” as MSG Entertainment enters the final stretch of fiscal 2026. For the quarter, the company generated revenue of $246.3 million, up 2% from the prior-year period, and adjusted operating income of $46 million, down $12 million year over year.
