MSGE - Why Is Madison Square Garden Stock Down Today? | Benzinga
Madison Square Garden Entertainment Corp. (NYSE:MSGE) shares are trading lower after it reported third-quarter FY24 results.
Revenue rose 13% Y/Y to $228.3 million, missing the analyst consensus of $324.6 million.
Revenues from entertainment offerings rose 13% Y/Y to $146.2 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements.
Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by a ...