Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026)
Madison Square Garden Entertainment (MSGE) posted Operating Expenses of $70.3 million for Q2 2026, up 0.98% on a QoQ basis from $69.6 million in Q1 2026, and up 15.24% year-over-year from $61.0 million in Q2 2025.
Analysis
Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026) Analysis & Trends
Madison Square Garden Entertainment has reported Operating Expenses for 5 years, with the latest figure at $70.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 15.24% year-over-year to $70.3 million in Q2 2026; TTM through Jun 2026 was $267.1 million, a 23.64% increase from a year earlier, with the FY2026 full-year figure at $267.1 million, up 23.64% from the prior year.
- Operating Expenses was $70.3 million for Q2 2026 at Madison Square Garden Entertainment, up from $69.6 million in the prior quarter.
- The five-year high for Operating Expenses was $70.3 million in Q2 2026, with the low at $38.4 million in Q2 2022.
- Average Operating Expenses over 5 years is $54.9 million, with a median of $54.7 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 50.51% in 2023, then slipped 24.3% in 2024.
- Over 5 years, Operating Expenses stood at $50.7 million in 2022, then slipped by 2.73% to $49.3 million in 2023, then rose by 16.0% to $57.2 million in 2024, then grew by 21.56% to $69.5 million in 2025, then advanced by 1.12% to $70.3 million in 2026.
- The last three Operating Expenses figures came in at $70.3 million (Q2 2026), $69.6 million (Q1 2026), and $69.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.85 Bn | 30.78 Bn | 1.94 Bn | 1.36 Bn |
| 2 | Liberty Media | 21.86 Bn | 20.23 Bn | 329.00 Mn | 846.00 Mn |
| 3 | TKO Group Holdings | 14.58 Bn | 13.03 Bn | 990.96 Mn | 1.12 Bn |
| 4 | Liberty Live Holdings | 8.69 Bn | 8.17 Bn | 30.26 Mn | 148.00 Mn |
| 5 | Madison Square Garden Entertainment | 3.63 Bn | 3.34 Bn | 75.84 Mn | 70.26 Mn |
| 6 | Emerald Holding | 997.46 Mn | 876.36 Mn | 99.50 Mn | 71.90 Mn |
| 7 | TEN Holdings | 39.99 Mn | 34.06 Mn | 627,000.00 | 3.62 Mn |
| 8 | Nip | 37.24 Mn | -10,346.86 Bn | - | - |
| 9 | Lingerie Fighting Championships | 128,025.52 | 108,697.52 | -1,246.00 | 83,918.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.26 Mn |
| Mar 31, 2026 | 69.58 Mn |
| Dec 31, 2025 | 69.49 Mn |
| Sep 30, 2025 | 57.78 Mn |
| Jun 30, 2025 | 60.97 Mn |
| Mar 31, 2025 | 52.20 Mn |
| Dec 31, 2024 | 57.16 Mn |
| Sep 30, 2024 | 45.71 Mn |
| Jun 30, 2024 | 58.65 Mn |
| Mar 31, 2024 | 56.31 Mn |
| Dec 31, 2023 | 49.28 Mn |
| Sep 30, 2023 | 60.38 Mn |
| Jun 30, 2023 | 53.10 Mn |
| Mar 31, 2023 | 46.58 Mn |
| Dec 31, 2022 | 50.66 Mn |
| Sep 30, 2022 | 40.11 Mn |
| Jun 30, 2022 | 38.41 Mn |
| Mar 31, 2022 | 52.20 Mn |