MSGE - Fewer Concerts Deepends Madison Square Garden Entertainment's Q3 Loss Eyes Event Growth in FY24 | Benzinga
Madison Square Garden Entertainment Corp (NYSE: MSGE) reported a first-quarter FY24 revenue decline of 3% year-on-year to $142.2 million, beating the consensus of $117.2 million. EPS loss of $(0.73) beat the consensus loss of $(1.90).
Event-related revenues decreased $8.3 million as compared to the prior year period due to the lower number of concerts held at the company's venues.
The direct operating expenses of $101.7 ...