Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026)
Madison Square Garden Entertainment (MSGE) posted quarterly Cost of Revenue of $146.8 million for Q1 2026, up 5.71% year-over-year from $138.9 million in Q1 2025, and down 30.97% quarter-over-quarter from $212.7 million in Q4 2025.
Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026) Analysis & Trends
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 for Q1 2026 stood at $146.8 million, down from $212.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $212.7 million in Q4 2025, with the low at $97.7 million in Q3 2024.
- The 5-year median for Cost of Revenue is $122.4 million (2024), against an average of $135.4 million.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue fell 18.04% in 2023, then gained 23.35% in 2024.
- Madison Square Garden Entertainment's Cost of Revenue stood at $180.6 million in 2022, then climbed by 12.27% to $202.8 million in 2023, then retreated by 2.8% to $197.1 million in 2024, then increased by 7.91% to $212.7 million in 2025, then tumbled by 30.97% to $146.8 million in 2026.
- Business Quant data shows MSGE's Cost of Revenue at $146.8 million in Q1 2026, $212.7 million in Q4 2025, and $102.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 13.67 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 4.62 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 5.72 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 605.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 680.99 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 556.12 Mn |
| 10 | Madison Square Garden Entertainment | 3.89 Bn | 3.59 Bn | 75.84 Mn | 120.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 120.48 Mn |
| Jun 30, 2026 | 120.48 Mn |
| Mar 31, 2026 | 146.79 Mn |
| Mar 31, 2026 | 146.79 Mn |
| Dec 31, 2025 | 212.66 Mn |
| Dec 31, 2025 | 212.66 Mn |
| Sep 30, 2025 | 102.37 Mn |
| Sep 30, 2025 | 102.37 Mn |
| Jun 30, 2025 | 101.99 Mn |
| Jun 30, 2025 | 101.99 Mn |
| Mar 31, 2025 | 138.87 Mn |
| Mar 31, 2025 | 138.87 Mn |
| Dec 31, 2024 | 197.07 Mn |
| Dec 31, 2024 | 197.07 Mn |
| Sep 30, 2024 | 97.71 Mn |
| Sep 30, 2024 | 97.71 Mn |
| Jun 30, 2024 | 122.38 Mn |
| Jun 30, 2024 | 122.38 Mn |
| Mar 31, 2024 | 142.02 Mn |
| Mar 31, 2024 | 142.02 Mn |