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Madison Square Garden Entertainment Corp (MSGE)



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Upturn Advisory Summary
03/27/2025: MSGE (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 6.63% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.62B USD | Price to earnings Ratio 12.94 | 1Y Target Price 45.38 |
Price to earnings Ratio 12.94 | 1Y Target Price 45.38 | ||
Volume (30-day avg) 364429 | Beta 1.26 | 52 Weeks Range 30.01 - 44.14 | Updated Date 04/3/2025 |
52 Weeks Range 30.01 - 44.14 | Updated Date 04/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.62 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.15% | Operating Margin (TTM) 33.9% |
Management Effectiveness
Return on Assets (TTM) 5.41% | Return on Equity (TTM) 4.67% |
Valuation
Trailing PE 12.94 | Forward PE 16.86 | Enterprise Value 2656365961 | Price to Sales(TTM) 1.69 |
Enterprise Value 2656365961 | Price to Sales(TTM) 1.69 | ||
Enterprise Value to Revenue 2.77 | Enterprise Value to EBITDA 14.72 | Shares Outstanding 40974900 | Shares Floating 37407354 |
Shares Outstanding 40974900 | Shares Floating 37407354 | ||
Percent Insiders 3.51 | Percent Institutions 100.03 |
Analyst Ratings
Rating 4.12 | Target Price 45.43 | Buy 1 | Strong Buy 4 |
Buy 1 | Strong Buy 4 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Madison Square Garden Entertainment Corp

Company Overview
History and Background
Madison Square Garden Entertainment Corp (MSGE) traces its roots back to the original Madison Square Garden, a venue that has evolved through several iterations since the late 19th century. The modern MSGE was formally spun off from Madison Square Garden Company in 2020, focusing on live entertainment and venue management.
Core Business Areas
- Entertainment: This segment focuses on the creation, production, and presentation of live entertainment events, including concerts, theatrical productions, and special events, primarily at MSG venues.
- Venues: This segment includes the operation and management of iconic venues like Madison Square Garden and Radio City Music Hall, generating revenue through event-related income, premium seating, sponsorships, and advertising.
- MSG Networks: Until September 2024, MSG Networks includes regional sports networks, MSG Network and MSG+, along with their digital properties, which broadcast a mix of live sports programming, including games of the New York Knicks and New York Rangers, as well as sports-related content and other programming. This segment will be spun off in September 2024 into a new separate company called MSG National Properties.
Leadership and Structure
James Dolan serves as the Executive Chairman and CEO of Madison Square Garden Entertainment Corp. The organizational structure is divided into business units, each led by senior executives, reporting to the CEO.
Top Products and Market Share
Key Offerings
- Live Entertainment Events: MSGE hosts a wide variety of live entertainment events, including concerts, sports games (Knicks & Rangers), and theatrical performances. Market share data is difficult to pinpoint precisely due to the fragmented nature of the live entertainment market; however, MSGE's iconic venues and strong relationships with promoters give it a competitive edge. Competitors include Live Nation Entertainment (LYV), AEG Presents.
- Venue Operations: MSGE operates and manages iconic venues like Madison Square Garden and Radio City Music Hall. These venues generate revenue through event rentals, concessions, premium seating, and sponsorships. Competitors include other venue management companies and event spaces in New York City and beyond.
- Advertising and Sponsorships: MSGE sells advertising and sponsorship opportunities within its venues and across its digital properties. Market share data is not readily available, but the company benefits from the high visibility and prestige of its venues. Competitors include other venue operators and media companies selling advertising space.
Market Dynamics
Industry Overview
The live entertainment industry is experiencing growth, driven by increasing consumer spending on experiences. The industry is also evolving, with the rise of streaming services and digital platforms impacting traditional entertainment models.
Positioning
MSGE is positioned as a leader in the live entertainment industry, particularly in the New York City market. Its iconic venues, strong brand recognition, and relationships with top performers provide a competitive advantage.
Total Addressable Market (TAM)
The global live music market is projected to reach hundreds of billions of dollars. MSGE captures a portion of this TAM through its venues and entertainment offerings, primarily focusing on the New York market.
Upturn SWOT Analysis
Strengths
- Iconic Venues (MSG, Radio City Music Hall)
- Strong Brand Recognition
- Premier Location (New York City)
- Established Relationships with Promoters and Artists
- Premium Seating and Hospitality Offerings
Weaknesses
- High Operating Costs
- Dependence on Event Schedules
- Sensitivity to Economic Downturns
- Unionized Labor Force
- High Debt
Opportunities
- Expansion of Venue Portfolio
- Increased Sponsorship Revenue
- Development of New Entertainment Offerings
- Leveraging Digital Platforms
- Expansion of Premium Seating Options
Threats
- Competition from Other Venues and Entertainment Options
- Economic Downturns Impacting Consumer Spending
- Labor Disputes
- Changing Consumer Preferences
- Terrorist Attacks
Competitors and Market Share
Key Competitors
- LYV
- AEG
Competitive Landscape
MSGE benefits from iconic venues and a strong presence in the New York market. However, Live Nation Entertainment is a much larger and more diversified company with a global reach. AEG Presents is another major competitor in the live entertainment space.
Major Acquisitions
Boston Calling Events, LLC
- Year: 2013
- Acquisition Price (USD millions): 13.8
- Strategic Rationale: Expanded MSG's live event portfolio into the music festival space. It was later sold in 2018.
Growth Trajectory and Initiatives
Historical Growth: MSGE's historical growth has been driven by the popularity of its venues and events. However, the company has also faced challenges related to economic cycles and changing consumer preferences.
Future Projections: Analyst estimates for MSGE's future growth vary, but generally project continued growth in revenue and earnings, driven by increased demand for live entertainment and the company's strategic initiatives.
Recent Initiatives: Recent initiatives include investments in venue upgrades, the development of new entertainment offerings, and expansion of its digital presence. The spinoff of MSG Networks is a significant recent initiative.
Summary
Madison Square Garden Entertainment Corp possesses iconic venues and a recognizable brand. It faces challenges related to high operating costs and economic sensitivity. Strategic initiatives focused on digital expansion and event development may support future growth. Investors should monitor competitive pressures and economic conditions.
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Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports (Various)
- Industry Publications (e.g., Pollstar, Billboard)
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is based on estimates and may vary. Financial data is based on the most recent available information and is subject to change.
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, including concerts, sporting events, family shows, family shows, performing arts events, and special events. It operates a collection of venues, including Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre; owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes; and engages in the entertainment and sports bookings business, which showcases 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.
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