Madison Square Garden Entertainment (MSGE) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Madison Square Garden Entertainment published the results on November 4, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• MSG Entertainment's fiscal year ends June 30, so Q1 fiscal 2027 covers July through September 2026. The business is seasonal: the Christmas Spectacular runs in the fiscal second quarter.
• MSG Entertainment reports adjusted operating income but no adjusted EPS. It does not publish a numeric outlook in its release.

Source: MSG Entertainment Q1 fiscal 2027 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Madison Square Garden Entertainment splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Madison Square Garden Entertainment's Entertainment offerings revenue was $175 million in Q1 fiscal 2027, up 33% from $131 million in Q1 fiscal 2026, 81% of total revenue.
• Madison Square Garden Entertainment's Food, beverage, and merchandise revenue was $35.7 million in Q1 fiscal 2027, up 57% from $22.8 million in Q1 fiscal 2026, 16% of total revenue.
• Madison Square Garden Entertainment's Arena license fees and other leasing revenue was $6.6 million in Q1 fiscal 2027, up 61% from $4.1 million in Q1 fiscal 2026, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release. The fiscal second quarter (October to December) carries the Christmas Spectacular.

Madison Square Garden Entertainment's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 4, 2026

Madison Square Garden Entertainment runs Madison Square Garden, the Infosys Theater, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre. In Q1 fiscal 2027 entertainment offerings brought in $174.9 million of the $217.1 million total, food, beverage and merchandise $35.7 million, and arena license fees and other leasing $6.6 million. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

Within entertainment offerings, ticketing and venue license fees were $126.9 million and sponsorship and signage, suite license and advertising commission revenues $46.3 million. Arena license fees are the rent the Knicks and Rangers pay to play home games at The Garden, and under those agreements MSG Entertainment pays 50% of net in-venue food and beverage proceeds to MSG Sports. (MSG Entertainment Form 10-Q, Q1 FY27, Nov 4, 2026; MSG Entertainment Form 10-K, fiscal 2026, Aug 12, 2026)

Revenue rose 37%, by $58.9 million, mainly on concerts. Concert revenue rose $30.1 million on more concerts at The Garden, a quarterly record, and higher per-concert revenue, partly offset by fewer concerts at the theaters. Other live entertainment and sporting events added $11.2 million, and food and beverage sales at concerts rose $12.5 million. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

The first fiscal quarter is a seasonally small one. The Christmas Spectacular, which runs in the second quarter, produced 18% of MSG Entertainment's revenues in fiscal 2026, and the 2026 production is scheduled for 231 performances against 215 in fiscal 2026. (MSG Entertainment Form 10-K, fiscal 2026, Aug 12, 2026; MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

Madison Square Garden Entertainment earned $8.9 million, or $0.19 per diluted share, in Q1 fiscal 2027, after a $21.7 million loss, or $(0.46), a year earlier. The year-ago quarter carried a $13.8 million impairment of long-lived assets and $1.2 million of restructuring charges, and neither recurred. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

Pre-tax income was only $2.3 million, and a $6.6 million income tax benefit made up most of net income. The 10-Q gives an effective tax rate of (282%) for the quarter, which it attributes mainly to excess tax benefits on share-based compensation and state and local taxes. Interest expense was $9.1 million. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026; MSG Entertainment Form 10-Q, Q1 FY27, Nov 4, 2026)

MSG Entertainment does not report an adjusted EPS. Its main non-GAAP measure is adjusted operating income, $34.3 million against $7.1 million, which adds back $13.8 million of depreciation and amortization and $9.6 million of share-based compensation. It repurchased about $25 million of Class A stock in the quarter, and diluted shares were 48.0 million. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Madison Square Garden Entertainment does not publish a numeric revenue or earnings outlook in its release. Its chief executive said he expects growth in both revenue and adjusted operating income in fiscal 2027, and the release points to the Knicks and Rangers seasons and a longer Christmas Spectacular run in the coming quarter. (MSG Entertainment Q1 FY27 release (Form 8-K, Exhibit 99.1), Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Madison Square Garden Entertainment, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Madison Square Garden Entertainment's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MSGE is on is MSGE a buy or a sell?, what analysts expect next is on the MSGE forecast, and what the company does is on the Madison Square Garden Entertainment (MSGE) stock page.

Every number on this page can be traced to a document Madison Square Garden Entertainment published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.