Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026)
Madison Square Garden Entertainment (MSGE) posted Cost of Revenue of $120.5 million for Q2 2026, down 17.93% on a QoQ basis from $146.8 million in Q1 2026, and up 18.13% year-over-year from $102.0 million in Q2 2025.
Analysis
Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2026) Analysis & Trends
Madison Square Garden Entertainment has reported Cost of Revenue for 5 years, with the latest figure at $120.5 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 18.13% year-over-year to $120.5 million in Q2 2026; TTM through Jun 2026 was $582.3 million, a 8.71% increase from a year earlier, with the FY2026 full-year figure at $582.3 million, up 8.71% from the prior year.
- Cost of Revenue was $120.5 million for Q2 2026 at Madison Square Garden Entertainment, down from $146.8 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.
- Average Cost of Revenue over 5 years is $134.5 million, with a median of $121.4 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue decreased 18.04% in 2023, then climbed 23.35% in 2024.
- Over 5 years, Cost of Revenue stood at $180.6 million in 2022, then increased by 12.27% to $202.8 million in 2023, then slipped by 2.8% to $197.1 million in 2024, then gained by 7.91% to $212.7 million in 2025, then slumped by 43.35% to $120.5 million in 2026.
- The last three Cost of Revenue figures came in at $120.5 million (Q2 2026), $146.8 million (Q1 2026), and $212.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.85 Bn | 30.78 Bn | 1.94 Bn | 5.72 Bn |
| 2 | Liberty Media | 21.86 Bn | 20.23 Bn | 329.00 Mn | 605.00 Mn |
| 3 | TKO Group Holdings | 14.58 Bn | 13.03 Bn | 990.96 Mn | 556.12 Mn |
| 4 | Liberty Live Holdings | 8.69 Bn | 8.17 Bn | 30.26 Mn | 116.80 Mn |
| 5 | Madison Square Garden Entertainment | 3.63 Bn | 3.34 Bn | 75.84 Mn | 120.48 Mn |
| 6 | Emerald Holding | 997.46 Mn | 876.36 Mn | 99.50 Mn | 55.90 Mn |
| 7 | TEN Holdings | 39.99 Mn | 34.06 Mn | 627,000.00 | 104,000.00 |
| 8 | Nip | 37.24 Mn | -10,346.86 Bn | - | - |
| 9 | Lingerie Fighting Championships | 128,025.52 | 108,697.52 | -1,246.00 | 31,710.00 |
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 |