The strong Q4 beat and full-year growth trajectory support the bullish thesis. Monitor the Penn Station redevelopment MOU for potential asset monetization and the upcoming fiscal Q1 2027 earnings for continued demand trends in concerts and events.
Price Chart
Executive Summary
MSGE reported fiscal Q4 2026 results with revenue of $196.3M (+27% YoY) and an operating loss of $8.6M (improved from -$25.8M), while full-year revenue hit $1.06B (+13% YoY) with operating income of $141.5M (+16%). The Q4 EPS of -$0.13 beat consensus of -$0.47 by 72.6%, driven by strong concert and event demand at The Garden, though the quarter was seasonally a loss-making period. The full-year results show robust growth and the company is positioned for continued AOI growth in FY27, with a non-binding MOU for the potential transfer of Infosys Theater as part of the Penn Station redevelopment.
Key Financial Metrics
Key Facts
- Fiscal 2026 full-year revenues of $1.06B, up 13% YoY
- Fiscal 2026 full-year operating income of $141.5M, up 16% YoY
- Fiscal 2026 full-year adjusted operating income of $262.2M, up 18% YoY
- Q4 FY2026 revenues of $196.3M, up 27% YoY
- Q4 FY2026 operating loss of $8.6M, improved from a loss of $25.8M in prior year quarter
- Q4 FY2026 adjusted operating income of $18.6M vs a loss of $1.3M in prior year quarter
- Q4 EPS of -$0.13 beat consensus of -$0.47 by 72.6%
- Q4 revenue of $196.3M beat consensus of $166.5M by 17.9%
- Company entered non-binding MOU for potential transfer of Infosys Theater as part of Penn Station redevelopment
Financial Impact
Q4 revenue beat consensus by $29.8M (17.9%); EPS beat consensus by $0.34 (72.6%)
Risk Factors
- Seasonal Q4 operating loss despite strong revenue growth
- Rising SG&A expenses (+12% in Q4) could pressure margins
- Penn Station redevelopment MOU is non-binding and subject to further negotiation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-055960 |
| Document: msge-20260812.htm | 0001628280-26-055960 |
| Document: 0001628280-26-055960-index-headers.html | 0001628280-26-055960 |
| Document: 0001628280-26-055960-index.html | 0001628280-26-055960 |
| Document: 0001628280-26-055960.txt | 0001628280-26-055960 |
| 8-K Data (Synthetic) | 0001628280-26-055960 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | 8-K | $88.42 $75.75 | ▼ −14.33% | ▼ −12.43% | $80.21 (−9.29%) |
Jun 12, 2026 15w ago | 144 | $74.57 $74.99 | ▲ +0.56% | ▲ +1.31% | $80.21 (+7.56%) |
Jun 11, 2026 16w ago | 144 | $73.49 $74.24 | ▲ +1.02% | ▼ −0.76% | $80.21 (+9.14%) |
Jun 8, 2026 16w ago | 8-K | $72.39 $74.98 | ▲ +3.58% | ▲ +2.13% | $80.21 (+10.80%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access