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.

• On a quarterly basis, Cost of Revenue rose 5.71% year-over-year to $146.8 million in Q1 2026; TTM through Mar 2026 was $563.8 million, a 1.4% increase from a year earlier, with the FY2025 full-year figure at $535.6 million, down 5.84% from the prior year.
• Cost of Revenue retreated to $146.8 million in Q1 2026 per MSGE's latest filing, from $212.7 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $212.7 million in Q4 2025 and bottomed 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.
• Across the five-year window, Cost of Revenue slipped 18.04% in 2023 and grew 23.35% in 2024, its largest moves.
• Year by year, Cost of Revenue 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 slumped by 30.97% to $146.8 million in 2026.
• Per Business Quant, the three latest MSGE Cost of Revenue figures stand at $146.8 million (Q1 2026), $212.7 million (Q4 2025), and $102.4 million (Q3 2025).