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Madison Square Garden Entertainment (MSGE) Cost of Revenue (2022 - 2025)

Madison Square Garden Entertainment (MSGE) has 4 years of Cost of Revenue data on record, last reported at $212.7 million in Q4 2025.

  • For Q4 2025, Cost of Revenue rose 7.91% year-over-year to $212.7 million; the TTM value through Dec 2025 reached $555.9 million, down 0.59%, while the annual FY2025 figure was $535.6 million, 5.84% down from the prior year.
  • Cost of Revenue reached $212.7 million in Q4 2025 per MSGE's latest filing, up from $102.4 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.
  • Average Cost of Revenue over 4 years is $136.3 million, with a median of $122.4 million recorded in 2024.
  • Peak YoY movement for Cost of Revenue: dropped 18.04% in 2023, then increased 23.35% in 2024.
  • A 4-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.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $212.7 million in Q4 2025, $102.4 million in Q3 2025, and $102.0 million in Q2 2025.