Madison Square Garden Entertainment said fiscal 2026 revenue rose 13% to $1.06 billion from $942.7 million a year earlier, lifted by stronger live event demand, more concerts at Madison Square Garden and higher per-event spending. Full-year operating income climbed 16% to $141.5 million from $122.1 million, while adjusted operating income increased 18% to $262.2 million from $222.5 million.
In the fiscal fourth quarter, revenue jumped 27% to $196.3 million from $154.1 million. The company’s operating loss narrowed to $8.6 million from $25.8 million a year earlier, an improvement of $17.1 million. Adjusted operating income swung to $18.6 million from an adjusted operating loss of $1.3 million.
Quarterly entertainment offerings revenue rose 29% to $152.7 million from $118.7 million. Concert revenue increased $22.7 million, helped by more concerts at the Garden and higher per-concert revenue. Revenues tied to the sharing of economics with MSG Sports rose $5.8 million, while revenue from other live entertainment and sporting events increased $2.3 million. Venue-related sponsorship, signage and suite license fees added $2.2 million.
Arena license fees and other leasing revenue climbed 27% to $11.5 million from $9.0 million.
Direct operating expenses tied to entertainment offerings, arena license fees and other leasing rose 17% to $100.2 million from $85.5 million. Concert-related expenses increased $14.9 million, expenses tied to shared economics with MSG Sports rose $2.0 million, and costs for other live entertainment and sporting events increased $1.1 million.
Food, beverage and merchandise revenue increased 22% to $32.2 million from $26.4 million. Concert-related food and beverage sales contributed $3.7 million of that increase, while sales at Knicks and Rangers games added $1.6 million. Direct operating expenses in that segment rose 23% to $20.2 million from $16.4 million.
Selling, general and administrative expenses increased 12% to $67.2 million from $59.9 million, mainly because of higher employee compensation and related benefits.
For the year, the company said it welcomed about 6.4 million guests at nearly 960 events, including concerts, special events, family shows, marquee sports, the Knicks’ championship run and the Rangers’ regular season. It also sold more than 1.2 million tickets across 215 paid performances of the Christmas Spectacular, which the company said posted record-setting revenue in its 92nd holiday season. As a result of these announcements, the company's shares have moved 9.4% on the market, and are now trading at a price of $86.83. For more information, read the company's full 8-K submission here.
