Madison Square Garden Entertainment reported full-year revenue of $1.1 billion, a 13% increase, and adjusted operating income of $262.2 million, up 18%, driven by growth across all key business areas. Fourth-quarter revenue rose 27% to $196.3 million, helped by a doubling of concerts at the Garden and a $7.4 million increase in shared revenue from Madison Square Garden Sports Corp. agreements during the Knicks' championship run. The Christmas Spectacular set a record with $195 million in revenue and 1.2 million tickets sold across 215 performances, the highest attendance in 25 years. The company repurchased $25 million of Class A common stock in fiscal 2026, bringing total buybacks since its 2023 spin-off to $205 million for 6.1 million shares. Management also announced a nonbinding memorandum of understanding to transfer the Infosys Theater as part of the Penn Station redevelopment project, with the arena expected to remain fully operational during construction.
Madison Square Garden Entertainment CorpRecord revenue and adjusted operating income, plus buybacks and MOU for theater transfer.
Madison Square Garden Sports CorpKnicks' championship run increased shared revenue from MSG Sports agreements.
