NYSE$MSGE

Madison Square Garden Spinco · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Madison Square Garden Entertainment reported Q2 2026, revenue of $459.9M, net income of $92.7M, diluted EPS of $1.94.

For Q2 2026, Madison Square Garden Entertainment reported revenue of $459.9M, net income of $92.7M, diluted EPS was $1.94. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $459.9M.
  • Net income $92.7M.
  • Diluted EPS $1.94.

Headline financials

Total Revenue

$460M

Previous: $407M+12.9%
EPS (adj)

$1.94

Previous: $1.56+24.4%
Adjusted Operating Income

$190M

No prior period
SG&A Expense

$68.4M

No prior period
Net Income

$92.7M

Previous: $75.9M+22.2%
Operating Income

$164M

Previous: $139M+17.9%

Revenue & EPS history

MSG Spinco · Revenue · Quarterly

$460M

Q2 2026+12.9%vs Q2 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

The release discusses Madison Square Garden Entertainment's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • Madison Square Garden Entertainment cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 10 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+0.9%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+4.9%

Avg return

30 days after

36%

4 / 11 earnings

Positive

+12.8%

Q3 2023

Best reaction

-9.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.3%-3.7%+6.8%
Q2 2026-2.6%-1.8%-4.3%
Q1 2026-0.6%+10.7%+16.3%
Q3 2025+4.8%+6.5%+11.6%
Q2 2025-0.3%+5.9%-11.2%
Q1 2025-9.1%-14.7%-12.8%
Q1 2024+0.9%-0.7%+0.3%
Q4 2024+0.0%+0.6%+15.0%
Q3 2024+0.0%+1.5%-0.2%
Q2 2024+4.0%+6.2%+9.7%
Q3 2023+12.8%+19.9%+23.0%

Discussion

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