NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment†) today announced that international superstar Harry Styles will play 30 consecutive shows at The World's Most Famous Arena from August through October 2026 as part of his Together, Together world tour. The 30 MSG shows will mark Styles' only US dates this year and the most shows at any venue across the international tour, which begins in May in Amsterdam and includes 50 stops in only seven cit. ...

Group 1: Music Stocks Overview - Seven music stocks to watch include Tencent Music Entertainment Group, NetEase, Warner Music Group, Dolby Laboratories, Madison Square Garden Entertainment, Singing Machine, and Zeta Network Group, as identified by MarketBeat's stock screener tool [2] - Music stocks are categorized as publicly traded companies involved in creating, distributing, monetizing, or supporting recorded and live music, with revenues and valuations influenced by streaming adoption, touring cycles, catalog and licensing income, copyright rules, and consumer listening trends [2] Group 2: Tencent Music Entertainment Group (TME) - Tencent Music Entertainment Group operates online music platforms in China, offering services such as music streaming, online karaoke, and live streaming [3] - The company provides QQ Music, Kugou Music, and Kuwo Music for personalized music discovery, along with long-form audio content and WeSing for karaoke [3] Group 3: NetEase (NTES) - NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services, operating through segments like Games, Youdao, Cloud Music, and others [4] Group 4: Warner Music Group (WMG) - Warner Music Group operates as a music entertainment company with segments in Recorded Music and Music Publishing, focusing on artist development, marketing, and distribution of music [4] Group 5: Dolby Laboratories (DLB) - Dolby Laboratories creates audio and imaging technologies for various entertainment platforms, developing and licensing audio technologies such as AAC & HE-AAC and Dolby Atmos [5] Group 6: Singing Machine (MICS) - Singing Machine Company develops and sells consumer karaoke audio equipment and accessories, offering products under various brands and karaoke music subscription services [7] Group 7: Zeta Network Group (ZNB) - Color Star Technology Co., Ltd. provides online entertainment performances and music education services, operating an online platform that includes various curricula [8]

Core Insights - Intuit has entered a multi-year strategic partnership with Circle Internet Group to integrate Circle's USDC stablecoin into its platform, aiming to enhance financial transactions for users [1][2]. Company Overview - Intuit is a fintech company known for products like TurboTax, Credit Karma, and QuickBooks, and is expanding its capabilities by incorporating stablecoins to facilitate faster and more cost-effective transactions [2][3]. Partnership Details - The partnership is designed to create a "digital dollar" rail for Intuit, allowing for near-instant transaction settlements and lower costs, thereby improving the overall user experience [2]. - Circle's USDC stablecoin is a digital asset pegged to the U.S. dollar, providing a stable value for transactions [3]. Market Context - Regulatory clarity around stablecoins, as highlighted by the GENIUS Act, is seen as a significant factor for large companies considering digital assets for their operations [4]. - Circle recently went public on the New York Stock Exchange, experiencing the largest two-day post-IPO surge since 1980, indicating strong market interest in digital assets [4]. Long-term Opportunities - Intuit aims to leverage its extensive user base of approximately 100 million consumers and businesses to embed advanced financial capabilities and automation into daily workflows, enhancing the overall financial ecosystem [5].

Core Viewpoint - Madison Square Garden Entertainment Corp. (MSGE) is a significant entity in the entertainment sector, recognized for its renowned venues and live events, competing with other major players in a dynamic market [1] Group 1: Stock Performance and Ratings - On December 16, 2025, Seaport Global upgraded MSGE to a "Buy" rating, increasing the price target from $51 to $62, indicating optimism about the company's future performance [2][6] - Currently, MSGE is priced at $52.07, showing a slight decrease of approximately 1.20%, with a trading range today between $51.97 and $53.22 [5] Group 2: Institutional Investor Activity - AWH Capital L.P. increased its stake in MSGE by 15.8%, now holding 110,000 shares valued at approximately $4.4 million, reflecting confidence in MSGE's growth potential [3][6] - Other institutional investors have also shown interest, with BI Asset Management initiating a new position valued at around $40,000, and CWM LLC significantly increasing its stake by 623.8% [4][6]

Core Viewpoint - Madison Square Garden Entertainment (MSGE) has improved its demand outlook significantly since the beginning of the year, with the residency issue (Billy Joel's departure) largely resolved [1] Company Analysis - MSGE is viewed as a hold rating, indicating a stable position in the market without immediate buy or sell signals [1] - The company is focused on long-term free cash flow generation and shareholder value creation, emphasizing the importance of competitive advantages and management quality [1] Investment Approach - The investment strategy is fundamentally driven, concentrating on businesses with potential for scalability and significant terminal value [1] - The analysis highlights the importance of understanding core business economics, including unit economics and reinvestment opportunities [1] Market Context - The analyst's background includes 10 years of self-education in investing, managing personal funds sourced from friends and family [1] - The aim is to provide valuable insights to readers, focusing on factors that drive long-term equity value [1]

Group 1 - Madison Square Garden Entertainment (MSGE) has a hold rating, with improved demand outlook compared to the start of the year and resolution of the residency issue following Billy Joel's departure [1] - The investment approach focuses on identifying businesses with potential for scaling and unlocking terminal value, emphasizing core economics, competitive moat, unit economics, reinvestment runway, and management quality [1] - The analysis aims to help readers understand the drivers of long-term equity value, highlighting the importance of fundamental research and sectors with strong secular tailwinds [1]

Core Insights - Foxconn, the world's largest contract electronics maker, reported a 17% increase in third-quarter profit, surpassing market expectations due to strong demand for artificial intelligence products [1] Company Summary - The reported profit growth indicates sustained strength in demand for artificial intelligence-related products, which has positively impacted Foxconn's financial performance [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Points - The Rockettes are celebrating their 100th anniversary with various events and collaborations across New York City [1][2][3] - Sixth Avenue outside Radio City Music Hall has been temporarily renamed "Rockettes Way" to honor their contribution to the city [2][3] - The 2025 Christmas Spectacular will feature unique exhibits and custom food items celebrating the Rockettes' legacy [2][11] Activations and Collaborations - A new street sign commemorating the Rockettes has been unveiled, with limited-edition signs available for purchase [3] - The Empire State Building has launched festive displays and lighting to celebrate the Rockettes [4] - The Museum of Broadway will host an exhibit titled "The Rockettes 100 Anniversary: A Century of Sisterhood" from November 13, 2023, to January 5, 2026 [5][6] Special Food and Merchandise - Serendipity 3 has created a special frozen treat called "Rockettes 100 PB&J Frrrozen Hot Chocolate" available during the Christmas Spectacular [7] - Magnolia Bakery is offering a Rockettes Red Velvet cupcake exclusively at its Rockefeller Center location [8] - Waterford has produced a limited-edition crystal ornament to commemorate the anniversary [9] Additional Events and Offerings - Kith is launching a capsule collection featuring custom designs related to the Rockettes [10] - Guests at the Christmas Spectacular will have access to costume retrospectives and archival displays celebrating the Rockettes' history [11] - The Rockettes have partnered with LEGOLAND® New York Resort to display life-size LEGO® figures [12] Legacy and Future Initiatives - The Rockettes are committed to diversity and inclusion through their dancer development programs, which have seen over 500 participants in the last five years [14] - The Rockettes Legacy™ initiative aims to preserve the history of the dance company and connect former members [15] - The Christmas Spectacular runs through January 5, 2026, with tickets available for purchase [16]

Revenue Performance - Total revenues for the three months ended September 30, 2025, increased by $19,548, reaching $158,262, a 14% increase compared to the same period in 2024[121] - Revenues from entertainment offerings rose by $16,229 to $131,310, driven by higher concert revenues of $8,263 and increased revenues from other live events of $6,806[124] - Food, beverage, and merchandise revenues increased by $3,862 to $22,837, primarily due to higher sales at concerts and other events[125] Operating Loss and Expenses - The net loss for the three months ended September 30, 2025, was $21,654, a 12% increase from the net loss of $19,321 in the same period last year[121] - The operating loss for the period was $29,739, which is a 61% increase compared to the operating loss of $18,482 in the prior year[121] - Direct operating expenses increased by $4,661 to $102,370, reflecting a 5% rise compared to the prior year[129] - For the three months ended September 30, 2025, operating loss increased by $11,257, or 61%, compared to the prior year period, primarily due to higher impairment of long-lived assets and increased selling, general, and administrative expenses[136] - Selling, general, and administrative expenses increased by $10,839 for the three months ended September 30, 2025, mainly due to higher employee compensation and benefits[132] Impairment and Depreciation - The company experienced an impairment of long-lived assets amounting to $13,782, which was not present in the previous year[121] - Impairment of long-lived assets rose by $13,782 for the three months ended September 30, 2025, compared to the prior year, reflecting significant losses recognized on right-of-use lease assets[134] - Depreciation and amortization expenses increased by $293, or 2%, for the three months ended September 30, 2025, primarily due to fixed asset additions[133] Cash Flow and Debt - As of September 30, 2025, the company's unrestricted cash and cash equivalents balance was $29,950, with total debt outstanding at $621,758[149] - The company had $112,573 of available borrowing capacity under the National Properties Revolving Credit Facility as of September 30, 2025[149] - Net cash provided by operating activities for the three months ended September 30, 2025 was $19,808, a significant increase of $47,167 compared to the prior year period[160] - Net cash used in investing activities increased by $108 to $6,798 compared to the prior year period, primarily due to the absence of proceeds from the sale of investments[161] - Net cash used in financing activities increased by $64,184 to $26,077 compared to the prior year period, driven by increased stock repurchases and decreased proceeds from the National Properties Revolving Credit Facility[162] Interest Income and Expense - Interest income increased by 40% to $520, while interest expense decreased by 21% to $11,028[121] - Interest income increased by $148 for the three months ended September 30, 2025, due to higher average balances in cash and cash equivalents[137] - Interest expense decreased by $3,015 for the three months ended September 30, 2025, primarily due to lower average borrowing rates[138] Tax and Seasonality - The effective tax rate for the three months ended September 30, 2025, was 46%, resulting in an income tax benefit of $18,765, up from $13,601 in the prior year[141] - The Company experiences seasonality in revenues, with a disproportionate share earned in the second and third quarters due to events like the Christmas Spectacular and arena license fees[163] Hypothetical Scenarios - A hypothetical 200 basis point increase in floating interest rates would increase the Company's interest expense by $12,435 on outstanding amounts under credit facilities[167]