Madison Square Garden Entertainment Reports Unexpected Profit

Increased event attendance and merchandise sales drive financial success for MSGE in Q4.

Madison Square Garden Entertainment posted a fourth-quarter profit, surprising analysts.
Revenue surged by 26% year-over-year, reaching $186.1 million.
Event-related revenues and merchandise sales saw significant growth, contributing to the profit.
The Knicks and Rangers' playoff appearances boosted food, beverage, and merchandise sales by 48%.
CEO James Dolan stated the company is poised for robust growth in fiscal 2025.