Company Overview - MSG Entertainment became an independent publicly traded company on April 21, 2023, following the MSGE Distribution, where approximately 67% of its outstanding common stock was distributed to Sphere Entertainment's stockholders[117]. - MSG Entertainment's financial statements for periods prior to April 20, 2023, were presented on a carve-out basis, which may not reflect its results as a standalone company[125]. - The company operates in a competitive environment, with risks including economic downturns that could adversely affect business and results of operations[112]. - MSG Entertainment's revenues and assets are primarily concentrated in the New York City metropolitan area, with all operations located in the United States[116]. - The company has a portfolio of iconic venues, including The Garden and Radio City Music Hall, and showcases a diverse mix of concerts, family shows, and sporting events[115]. Financial Performance - Revenues for the three months ended December 31, 2023 increased by $46,786 (13%) to $402,666 compared to $355,880 in the prior year[129]. - Event-related revenues increased by $44,263 for the three months and $35,993 for the six months ended December 31, 2023, driven by higher concert revenues of $28,851 and $21,534, respectively[130]. - Operating income for the three months ended December 31, 2023 increased by $23,980 (21%) to $137,423 compared to $113,443 in the prior year[143]. - Net income for the three months ended December 31, 2023 increased by $28,168 (29%) to $125,249 compared to $97,081 in the prior year[129]. - Adjusted operating income (AOI) for the three months ended December 31, 2023, was $150,960, representing a 20% increase from $126,310 in the prior year[154]. - For the six months ended December 31, 2023, AOI was $150,246, a 9% increase from $137,798 in the same period last year[155]. Expenses and Costs - Direct operating expenses for the three months ended December 31, 2023 increased by $22,158 (12%) to $202,761 compared to $180,603 in the prior year[135]. - Selling, general, and administrative expenses increased by $5,088 (12%) for the three months ended December 31, 2023, reflecting MSG Entertainment's standalone operations[138]. - Interest expense for the three months ended December 31, 2023 increased by $1,844 (14%) to $15,049 compared to $13,205 in the prior year[145]. - Restructuring charges for the three months ended December 31, 2023 were $888, a significant decrease from $7,359 in the prior year[141]. Cash Flow and Debt - The company had unrestricted cash and cash equivalents of $35,229 as of December 31, 2023[159]. - Total debt outstanding as of December 31, 2023, was $633,750, with $132,409 available under the National Properties Revolving Credit Facility[159]. - The interest rate on the National Properties Facilities as of December 31, 2023, was 8.46%[162]. - The National Properties Credit Agreement requires a minimum liquidity level of $50,000, which was met as of December 31, 2023[164]. - Net cash provided by operating activities for the six months ended December 31, 2023 was $105,232, an increase of $35,896 compared to the prior year[170]. - Net cash used in investing activities increased by $85,121 to $62,731 for the six months ended December 31, 2023, primarily due to a loan to a related party[171]. - Net cash used in financing activities increased by $88,731 to $89,284 for the six months ended December 31, 2023, driven by higher principal debt repayments and stock repurchases[172]. Risks and Economic Conditions - The company reported that its future performance is dependent on general economic conditions, which may affect demand for suite licenses and tickets, as well as concession and merchandise sales[123]. - The company is subject to various risks, including the impact of governmental regulations and the performance of its subsidiaries under various agreements[113]. - A hypothetical 200 basis point increase in floating interest rates would increase the Company's interest expense by $12,675 on outstanding amounts under credit facilities[177]. - The Company experienced an increase in deferred revenue, contributing to the improvement in operating cash flow[170]. - The absence of proceeds from prior year asset dispositions negatively impacted investing cash flow in the current period[171]. Seasonal Trends - The Company typically earns a disproportionate share of its revenues and operating income in the second and third quarters due to seasonal events like the Christmas Spectacular[173]. - The Company sold over 1,000,000 tickets for the Christmas Spectacular, an increase from over 930,000 tickets sold in the prior year[131]. Lease and Rent Expenses - Increased rent expenses are expected in Fiscal Year 2024 due to a new corporate office lease that runs through 2046[123].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41627 MADISON SQUARE GARDEN ENTERTAINMENT CORP. (Exact name of registrant as ...

Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q1 2024 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Ari Danes – Senior Vice President, Investor Relations and Treasury Dave Byrnes – Executive Vice President and Chief Financial Officer Conference Call Participants Peter Supino – Wolfe Research Stephen Laszczyk – Goldman Sachs Brandon Ross – Lightshed Partners Ben Swinburne – Morgan Stanley David Karnovsky – J.P. Morgan Peter Henderson – Bank of America Operator Good mornin ...

Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q4 2023 Earnings Conference Call August 18, 2023 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications and Treasury Dave Byrnes - EVP and Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Brandon Ross - LightShed Partners Stephen Laszczyk - Goldman Sachs Ben Swinburne - Morgan Stanley Devin Brisco - Wolfe Research David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 465-6000 Securities registered pursuant to Section 12(b) of the Act: or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41627 MADISON SQUARE GARDEN ENTERTAINMENT CORP. (Exact name of registrant as spec ...

Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q3 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Ari Danes - Senior Vice President Investor Relations, Financial Communications and Treasury Dave Byrnes - Executive Vice President and Chief Financial Officer Conference Call Participants Brandon Ross - LightShed Partners Ben Swinburne - Morgan Stanley David Joyce - Seaport Devin Brisco - Wolfe Research Operator Good morning. Thank you for standing by and welcome to the Madiso ...