NYSE$MSGE

Madison Square Garden Spinco · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Madison Square Garden Entertainment reported Q3 2025, revenue of $242.5M, net income of $8M, diluted EPS of $0.16.

For Q3 2025, Madison Square Garden Entertainment reported revenue of $242.5M, net income of $8M, diluted EPS was $0.16. The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $242.5M.
  • Net income $8M.
  • Diluted EPS $0.16.

Headline financials

Total Revenue

$242M

Previous: $228M+6.2%
EPS (adj)

$0.16

Previous: $0.06+166.7%
Free Cash Flow

$8.04M

Previous: $2.8M+187.5%
Net Income

$8.04M

Previous: $2.8M+187.5%
Operating Income

$27.3M

Previous: $16.8M+62.6%
Gross Profit

$104M

Previous: $73.1M+41.7%
Cash & Equivalents

$89M

Previous: $28M+217.6%
Total Assets

$1.74B

Previous: $1.46B+19.3%

Revenue & EPS history

MSG Spinco · Revenue · Quarterly

$242M

Q3 2025+6.2%vs Q3 2024
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

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 Q3 2025

Historical avgQ3 2025

+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%

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