Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026)
Madison Square Garden Entertainment (MSGE) recorded Cost of Revenue of $120.48 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 18.1% from $101.99 million a year earlier but down 17.9% from the prior quarter.
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Analysis
Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Madison Square Garden Entertainment reported Cost of Revenue of $582.3 million, up 8.7% from FY2025.
- Annual Cost of Revenue has a five-year compound annual growth rate of 43.3% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $535.64 million in FY2025 (-5.8%), $568.84 million in FY2024 (+13.8%), $499.93 million in FY2023 (+19.8%) and $417.3 million in FY2022 (+333.6%).
- Quarterly Cost of Revenue has ranged from $97.71 million in fiscal Q1 2025 to $212.66 million in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for four consecutive quarters, with growth averaging 1.4% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 23.4% in fiscal Q3 2024, against a decline of 18.0% in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $146.79 million (Q3 2026), $212.66 million (Q2 2026) and $102.37 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.78 Bn | 8.85 Bn | 1.94 Bn | 5.72 Bn |
| 2 | TKO Group Holdings | 33.44 Bn | 30.40 Bn | 990.96 Mn | 556.12 Mn |
| 3 | Liberty Media | 18.71 Bn | 14.03 Bn | 329.00 Mn | 605.00 Mn |
| 4 | Liberty Live Holdings | 8.81 Bn | 6.86 Bn | 30.26 Mn | 116.80 Mn |
| 5 | Cinemark Holdings | 4.18 Bn | 797.64 Mn | - | - |
| 6 | Madison Square Garden Entertainment | 3.23 Bn | 2.43 Bn | 75.84 Mn | 120.48 Mn |
| 7 | Amc Entertainment Holdings | 1.99 Bn | 80.86 Mn | 1.05 Bn | 548.00 Mn |
| 8 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 55.90 Mn |
| 9 | Marcus | 831.33 Mn | 762.92 Mn | 106.56 Mn | 125.19 Mn |
| 10 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 52.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 120.48 Mn |
| Mar 31, 2026 | 146.79 Mn |
| Dec 31, 2025 | 212.66 Mn |
| Sep 30, 2025 | 102.37 Mn |
| Jun 30, 2025 | 101.99 Mn |
| Mar 31, 2025 | 138.87 Mn |
| Dec 31, 2024 | 197.07 Mn |
| Sep 30, 2024 | 97.71 Mn |
| Jun 30, 2024 | 122.38 Mn |
| Mar 31, 2024 | 142.02 Mn |
| Dec 31, 2023 | 202.76 Mn |
| Sep 30, 2023 | 101.68 Mn |
| Jun 30, 2023 | 102.53 Mn |
| Mar 31, 2023 | 115.13 Mn |
| Dec 31, 2022 | 180.60 Mn |
| Sep 30, 2022 | 101.66 Mn |
| Jun 30, 2022 | 125.10 Mn |
| Mar 31, 2022 | 109.96 Mn |
API Access
Madison Square Garden Entertainment Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSGE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MSGE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSGE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();