Madison Square Garden Entertainment (US:MSGE)2026-02-03 12:42Financial Performance - For the fiscal 2026 second quarter, Madison Square Garden Entertainment reported revenues of $459.9 million, an increase of $52.5 million, or 13%, compared to the prior year quarter[2]. - The operating income for the fiscal 2026 second quarter was $163.8 million, reflecting an increase of $24.8 million, or 18%, year-over-year[12]. - Adjusted operating income for the same period was $190.4 million, up $26.4 million, or 16%, compared to the prior year quarter[12]. - Total revenues for the three months ended December 31, 2025, increased to $459.94 million, up 12.9% from $407.42 million in the same period of 2024[19]. - Net income for the three months ended December 31, 2025, was $92.72 million, representing a 22.2% increase compared to $75.89 million in the prior year[19]. - Adjusted operating income for the three months ended December 31, 2025, was $190.43 million, up 16.1% from $164.01 million in the same period of 2024[22]. - Basic earnings per share for the three months ended December 31, 2025, was $1.96, up from $1.57 in the same period of 2024[19]. Revenue Sources - Revenues from entertainment offerings reached $360.5 million, an increase of $42.2 million, or 13%, year-over-year[5]. - The company reported a total of $360.45 million in revenues from entertainment offerings for the three months ended December 31, 2025, a 13.2% increase from $318.28 million in 2024[19]. - Arena license fees and other leasing revenues increased to $35.2 million, up $5.3 million, or 18%, due to more games played at The Garden[6]. - Food, beverage, and merchandise revenues rose to $64.3 million, an increase of $5.0 million, or 8%, compared to the prior year period[8]. - The Christmas Spectacular production achieved record revenues, with over 1.2 million tickets sold, marking the highest attendance in 25 years[2]. Expenses and Charges - Selling, general, and administrative expenses increased to $68.4 million, reflecting an increase of $11.2 million, or 20%, primarily due to higher employee compensation[10]. - The company incurred $1.13 million in restructuring charges for the three months ended December 31, 2025, compared to a credit of $0.03 million in the same period of 2024[22]. Cash and Assets - Cash, cash equivalents, and restricted cash at the end of the period increased to $157.58 million, compared to $55.22 million at the end of the same period in 2024[27]. - Net cash provided by operating activities for the six months ended December 31, 2025, was $184.19 million, significantly higher than $85.50 million in the prior year[27]. - Total assets as of December 31, 2025, were $1.82 billion, an increase from $1.67 billion as of June 30, 2025[25]. - Total liabilities as of December 31, 2025, were $1.79 billion, compared to $1.68 billion as of June 30, 2025[25]. Future Outlook - Looking ahead, the company remains on track to drive robust growth in both revenue and adjusted operating income for the fiscal year[2]. - The company hosted a busy schedule of events, contributing to growth in bookings compared to the prior year quarter[2].