MSGE - Madison Square Garden Entertainment GAAP EPS of -$3.00 revenue of $453.5M beats by $39.54M

• Madison Square Garden Entertainment press release ( NYSE: MSGE ): FQ4 GAAP EPS of -$3.00.
• Revenue of $453.5M (+74.0% Y/Y) beats by $39.54M .
• Shares +7% PM.
• Executive Chairman and CEO James L. Dolan said, “The past year demonstrated the resiliency of our business and the robust demand for our portfolio of live experiences. We continue to make significant progress on the construction of MSG Sphere in Las Vegas, which remains on track to open in the second half of calendar 2023. We are also now exploring a potential separation of our live entertainment and MSG Networks businesses from MSG Sphere and Tao Group Hospitality, which we believe would best position the two companies to drive long-term value for shareholders.”

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