MSG Entertainment posts $1B revenue, AOI up 18% in FY2026

MSG Entertainment on Tuesday reported fiscal 2026 revenue exceeding $1 billion, an 18% increase in adjusted operating income (AOI) and a 14% rise in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).

The New York-based company, which operates Madison Square Garden, Radio City Music Hall and the Knicks NBA team, attributed the growth to strong demand for live events and sports content. AOI for the year reached $345 million, up from $292 million in fiscal 2025.

Revenue for the period totaled $1.03 billion, compared with $912 million a year earlier. Adjusted EBITDA climbed to $412 million from $361 million, reflecting higher ticket sales and sponsorship revenue across its venues and media platforms.

MSG Entertainment also highlighted a 22% increase in attendance at its events, driven by sold-out performances and sporting fixtures. The company’s media division contributed to the growth, with higher advertising and retransmission fees offsetting production costs.

For fiscal 2027, MSG Entertainment reaffirmed its guidance, targeting mid-single-digit revenue growth and continued expansion in AOI. The company’s balance sheet remained stable with $500 million in cash and equivalents at the end of the fiscal year.

Shares of MSG Entertainment were indicated slightly higher in pre-market trading following the results.