Madison Square Garden Entertainment (MSGE) EBITDA Margin (2022 - 2026)
Madison Square Garden Entertainment's (MSGE) quarterly EBITDA Margin came in at 6.54% in Q1 2026, down 473.0% year-on-year from 1.75% in Q1 2025, and down 83.05% quarter-over-quarter from 38.56% in Q4 2025.
Madison Square Garden Entertainment (MSGE) EBITDA Margin (2022 - 2026) Analysis & Trends
Madison Square Garden Entertainment's EBITDA Margin history runs 5 years deep, the most recent figure standing at 6.54% for Q1 2026.
- On a quarterly basis, EBITDA Margin fell 473.0% year-over-year to 6.54% in Q1 2026; TTM through Mar 2026 was 12.65%, a 227.0% decrease from a year earlier, with the FY2025 full-year figure at 12.95%, up 32.0% from the prior year.
- EBITDA Margin slipped to 6.54% in Q1 2026 per MSGE's latest filing, from 38.56% in the prior quarter.
- Across five years, EBITDA Margin topped out at 38.56% in Q4 2025 and bottomed at 28.57% in Q2 2023.
- The 5-year median for EBITDA Margin is 6.54% (2026), against an average of 4.18%.
- Across the five-year window, EBITDA Margin slumped 2340 bps in 2023 and jumped 2359 bps in 2024, its largest moves.
- Year by year, EBITDA Margin stood at 31.88% in 2022, then increased by 14 bps to 36.45% in 2023, then increased by 1 bps to 36.81% in 2024, then rose by 5 bps to 38.56% in 2025, then sank by 83 bps to 6.54% in 2026.
- Per Business Quant, the three latest MSGE EBITDA Margin figures stand at 6.54% (Q1 2026), 38.56% (Q4 2025), and 18.79% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 33.38% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | -42.23% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -27.76% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | -9.77% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 9.00% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 4.15% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 21.20% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 8.14% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 9.79% |
| 10 | Madison Square Garden Entertainment | 3.63 Bn | 3.30 Bn | 99.47 Mn | 6.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.54% |
| Dec 31, 2025 | 38.56% |
| Sep 30, 2025 | -18.79% |
| Jun 30, 2025 | -16.71% |
| Mar 31, 2025 | 11.27% |
| Dec 31, 2024 | 36.81% |
| Sep 30, 2024 | -13.79% |
| Jun 30, 2024 | -4.99% |
| Mar 31, 2024 | 8.77% |
| Dec 31, 2023 | 36.45% |
| Sep 30, 2023 | -23.91% |
| Jun 30, 2023 | -28.57% |
| Mar 31, 2023 | 12.26% |
| Dec 31, 2022 | 31.88% |
| Sep 30, 2022 | -7.72% |
| Jun 30, 2022 | -5.18% |
| Mar 31, 2022 | 8.16% |