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Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026)

Madison Square Garden Entertainment has reported Cost of Revenue over the past 4 years, most recently at $212.7 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 7.91% year-over-year to $212.7 million; the TTM value through Dec 2025 reached $555.9 million, down 0.59%, while the annual FY2025 figure was $535.6 million, 5.84% down from the prior year.
  • Cost of Revenue for Q4 2025 was $212.7 million at Madison Square Garden Entertainment, up from $102.4 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $212.7 million in Q4 2025 and troughed at $97.7 million in Q3 2024.
  • A 4-year average of $134.7 million and a median of $118.8 million in 2023 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: dropped 18.04% in 2023 and later increased 23.35% in 2024.
  • Year by year, Cost of Revenue stood at $180.6 million in 2022, then rose by 12.27% to $202.8 million in 2023, then dropped by 2.8% to $197.1 million in 2024, then increased by 7.91% to $212.7 million in 2025.
  • Business Quant data shows Cost of Revenue for MSGE at $212.7 million in Q4 2025, $102.4 million in Q3 2025, and $102.0 million in Q2 2025.