NYSE$MSGE

Madison Square Garden Spinco · Q3 2026 earnings

Q3 2026 earnings · · Before market open · Investor relations

Briefing

Madison Square Garden Entertainment reported fiscal Q3 2026 total revenues of $246.3M (+2% YoY) with net income of $5.1M and EPS of $0.11.

For the quarter ended March 31, 2026, MSGE reported total revenues of $246.3 million versus $242.5 million a year ago from entertainment offerings and food and beverage. Net income was $5.1 million, or $0.11 per diluted share, compared with $8.0 million, or $0.17 per share, in the prior-year quarter.

  • Total revenues $246.3M (+2% YoY).
  • Entertainment offerings revenue $165.7M.
  • Net income $5.1M; EPS $0.11.
  • Nine-month net income $76.2M.

Headline financials

Total Revenue

$246M

Previous: $242M+1.6%
EPS (adj)

$0.11

Previous: $0.16-31.3%
Net Income

$5.11M

Previous: $8.04M-36.4%
Operating Income

$16.1M

Previous: $27.3M-41.1%

Revenue & EPS history

MSG Spinco · Revenue · Quarterly

$246M

Q3 2026+1.6%vs Q3 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

Live entertainment discusses event calendar and venue bookings; seasonal business.

Tailwinds

  • Stable revenue and profitable quarter.
  • Strong nine-month earnings.

Headwinds

  • Net income down vs prior Q3.
  • Restructuring and impairment charges.

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 2026

Historical avgQ3 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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