MSGE
Communication ServicesMadison Square Garden Entertainment Corp. · Entertainment · $3B
What is Madison Square Garden Entertainment Corp.?
Madison Square Garden Entertainment Corp. operates a portfolio of iconic live entertainment venues and hospitality brands. Headquartered in New York City, the company brings together concerts, sporting events, and dining experiences under one umbrella.
MSGE generates revenue by producing and hosting live entertainment events — concerts, family shows, boxing, college basketball, esports, and wrestling — across its flagship venues including The Garden, Radio City Music Hall, and The Chicago Theatre. It also operates a global network of entertainment dining and nightlife venues under well-known hospitality brands, and produces the beloved Radio City Christmas Spectacular featuring the Rockettes.
The company was founded in 2023 and is headquartered in New York City, New York.
- Live entertainment events across iconic New York City venues
- Entertainment dining and nightlife venues across five continents
- Radio City Christmas Spectacular featuring the Rockettes
- New England's premier music festival
- Hakkasan and Omnia branded nightlife experiences globally
Is MSGE a Good Stock to Buy?
UQS Score rates MSGE as Poor overall.
Among the five pillars, Valuation comes in at a Neutral rating — meaning the stock is not obviously expensive relative to its fundamentals. That is the one area where MSGE does not register a clear negative signal.
Quality, Moat, Growth, and Risk all carry Weak ratings, reflecting broad fundamental challenges across profitability, competitive positioning, business expansion, and balance sheet health.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MSGE pay dividends?
No — Madison Square Garden Entertainment Corp. does not currently pay a dividend.
MSGE does not currently pay a dividend. Given the company's Weak Quality and Risk pillar ratings, capital is not being returned to shareholders in this form. Investors focused on income should be aware that any future dividend would depend on a meaningful improvement in the company's underlying financial health.
When does MSGE report earnings?
Madison Square Garden Entertainment Corp. reports earnings on a quarterly cadence, typical for US-listed equities.
The company's Weak Growth pillar suggests recent results have not demonstrated consistent expansion in revenue or earnings. Live entertainment businesses face inherent seasonality, and MSGE's venue-heavy model ties performance closely to event scheduling and attendance trends.
For the most recent quarter's results, visit Madison Square Garden Entertainment Corp.'s investor relations page directly.
MSGE Price History
-31.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Madison Square Garden Entertainment Corp.?
Based on Madison Square Garden Entertainment Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MSGE Long-term Outlook
The combination of Weak Growth and Weak Risk pillar ratings points to a challenging near-term fundamental outlook. The live entertainment and hospitality segments face cost pressures and demand variability that make consistent earnings growth difficult to sustain. The Neutral Valuation rating suggests the market has already priced in some of these headwinds, but the path to improvement across quality and moat metrics remains uncertain.
Growth drivers
- Expansion of global dining and nightlife venue footprint under established hospitality brands
- Recurring demand for marquee live events at iconic venues like The Garden and Radio City Music Hall
- Annual Christmas Spectacular providing a predictable seasonal revenue anchor
Key risks
- Weak Risk pillar signals balance sheet and financial stability concerns
- Limited competitive moat in live entertainment and hospitality relative to sector peers
- Discretionary consumer spending sensitivity affecting event attendance and venue revenue
MSGE vs Peers
MSGE operates in a niche corner of live entertainment and sports-adjacent media, sharing some investor overlap with other venue and sports-property companies.
Atlanta Braves Holdings centers its business on a Major League Baseball franchise and mixed-use real estate development, giving it a more sports-asset-focused model than MSGE's venue and hospitality mix.
Manchester United derives value primarily from its global soccer brand, media rights, and commercial partnerships — a very different revenue structure from MSGE's event-hosting and dining operations.
The BATRA share class represents the same underlying Braves franchise asset, offering investors a sports-property angle without the live entertainment venue complexity that defines MSGE.
Frequently Asked Questions
What does Madison Square Garden Entertainment Corp. do?
MSGE produces and hosts live entertainment events — concerts, sporting events, family shows, and special events — across iconic venues including Madison Square Garden, Radio City Music Hall, and The Chicago Theatre. It also operates a global portfolio of entertainment dining and nightlife venues and produces the Radio City Christmas Spectacular.
Does MSGE pay dividends?
No, MSGE does not currently pay a dividend. The company's financial profile, as reflected in its Weak Quality and Risk pillar ratings, does not support shareholder distributions at this time. Income-focused investors should look elsewhere in the [Communication Services sector](/sector/communication-services).
When does MSGE report earnings?
Madison Square Garden Entertainment reports earnings on a quarterly cadence, consistent with standard US-listed company practice. For the exact timing of upcoming results, check the investor relations section of the company's official website.
Is MSGE a good stock to buy?
UQS Score rates MSGE as Poor overall, with Weak ratings across Quality, Moat, Growth, and Risk. Only Valuation registers as Neutral. That profile suggests meaningful fundamental challenges. Pro members can view the complete pillar breakdown to form their own assessment.
Is MSGE overvalued?
The UQS Valuation pillar for MSGE is rated Neutral, meaning the stock does not appear obviously expensive or cheap relative to its fundamentals. However, a Neutral valuation alongside Weak quality and growth metrics does not necessarily make the stock attractive on a risk-adjusted basis.
How does MSGE compare to its competitors?
MSGE's closest publicly traded peers include Atlanta Braves Holdings and Manchester United, both of which are more directly tied to specific sports franchises. MSGE's mix of venue operations, hospitality brands, and live events creates a distinct — though complex — business model compared to those pure-play sports-property companies.
What is MSGE's market cap bracket?
MSGE is classified as a mid-cap company. That places it in a range where institutional coverage exists but liquidity and analyst attention may be lower than for large- or mega-cap peers in the broader [Communication Services sector](/sector/communication-services).
Who founded Madison Square Garden Entertainment Corp.?
Madison Square Garden Entertainment Corp. was established in 2023 as a distinct public entity. The broader MSG corporate family has deep roots in New York entertainment history. For detailed founding and corporate history, the company's investor relations materials are the most reliable source.
Is MSGE a long-term quality investment?
As a long-term quality indicator, MSGE's UQS profile raises caution. Weak ratings across Quality, Moat, Growth, and Risk suggest the business has not yet demonstrated the durable fundamentals typically associated with long-term compounders. The full pillar analysis, available to Pro members, provides deeper context.
What is the main competitive advantage of Madison Square Garden Entertainment?
MSGE's most tangible advantage is its ownership of irreplaceable venue assets — Madison Square Garden and Radio City Music Hall are among the most recognized entertainment destinations in the world. However, the UQS Moat pillar rates this as Weak, suggesting that venue ownership alone has not translated into a durable financial moat.
Is MSGE a growth stock or value stock?
With a Weak Growth pillar and a Neutral Valuation pillar, MSGE does not fit cleanly into either category. It lacks the earnings expansion profile of a growth stock, and its valuation is not compelling enough on its own to qualify as a classic value opportunity.
Unlock Full MSGE Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access complete financial metrics and trend data
- ✓Compare MSGE against sector peers side by side
- ✓See the full risk and valuation breakdown
- ✓Get the complete analyst-grade quality profile
Pro Analysis
MSGE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 40.3 | 37.5 | 27.0 | 34.4 | 68.8 | 46.6 | +8.7 |
| May 10, 2026 | 31.6 | 9.6 | 27.0 | 34.4 | 39.3 | 64.5 | +0.2 |
| May 8, 2026 | 31.4 | 9.6 | 27.0 | 33.8 | 39.3 | 64.1 | +2.5 |
| May 7, 2026 | 28.9 | 29.2 | 27.0 | 33.8 | 4.3 | 49.4 | +0.1 |
| May 3, 2026 | 28.8 | 29.2 | 27.0 | 33.8 | 4.3 | 49.1 | -0.3 |
| Apr 26, 2026 | 29.1 | 29.2 | 27.0 | 33.7 | 4.3 | 50.9 | +0.1 |
| Apr 22, 2026 | 29.0 | 29.2 | 27.0 | 33.7 | 4.3 | 50.4 | 0.0 |
| Apr 19, 2026 | 29.0 | 29.2 | 27.0 | 33.7 | 4.3 | 50.3 | -0.2 |
| Apr 18, 2026 | 29.2 | 29.6 | 27.0 | 33.7 | 4.3 | 51.4 | -1.8 |
| Apr 12, 2026 | 31.0 | 29.6 | 27.0 | 33.7 | 4.3 | 63.0 | 0.0 |
MSGE — Pillar Breakdown
Quality
— 37.5/100 (25%)Madison Square Garden Entertainment Corp. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 34.4/100 (20%)Madison Square Garden Entertainment Corp. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 68.8/100 (15%)Madison Square Garden Entertainment Corp. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 50.3/100 (15%)Madison Square Garden Entertainment Corp. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 27/100 (25%)Madison Square Garden Entertainment Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MSGE.
Score Composition
Financial Data
More Stock Analysis
How is the MSGE UQS Score Calculated?
The UQS (Unified Quality Score) for Madison Square Garden Entertainment Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Madison Square Garden Entertainment Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Madison Square Garden Entertainment Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.