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

Madison Square Garden Entertainment's Cost of Revenue history runs 5 years deep, the most recent figure standing at $146.8 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 5.71% year-over-year to $146.8 million; the TTM figure through Mar 2026 stood at $563.8 million (up 1.4% YoY), while the FY2025 annual figure was $535.6 million, down 5.84% from the prior year.
• Cost of Revenue was $146.8 million for Q1 2026 at Madison Square Garden Entertainment, down from $212.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $212.7 million in Q4 2025 to a low of $97.7 million in Q3 2024.
• Historically, Cost of Revenue has averaged $135.4 million across 5 years, with a median of $122.4 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue retreated 18.04% in 2023, then advanced 23.35% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $180.6 million in 2022, then grew by 12.27% to $202.8 million in 2023, then decreased by 2.8% to $197.1 million in 2024, then rose by 7.91% to $212.7 million in 2025, then plunged by 30.97% to $146.8 million in 2026.
• The last three Cost of Revenue figures came in at $146.8 million (Q1 2026), $212.7 million (Q4 2025), and $102.4 million (Q3 2025), per Business Quant data.