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Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2025)

Madison Square Garden Entertainment has reported Operating Expenses over the past 4 years, most recently at $69.5 million for Q4 2025.

  • Quarterly results put Operating Expenses at $69.5 million for Q4 2025, up 21.56% from a year ago — trailing twelve months through Dec 2025 was $240.4 million (up 10.37% YoY), and the annual figure for FY2025 was $216.0 million, down 3.82%.
  • Operating Expenses for Q4 2025 was $69.5 million at Madison Square Garden Entertainment, up from $57.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for MSGE hit a ceiling of $69.5 million in Q4 2025 and a floor of $38.4 million in Q2 2022.
  • Median Operating Expenses over the past 4 years was $52.6 million (2022), compared with a mean of $53.1 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 50.51% in 2023 and later dropped 24.3% in 2024.
  • Madison Square Garden Entertainment's Operating Expenses stood at $50.7 million in 2022, then fell 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.
  • The last three reported values for Operating Expenses were $69.5 million (Q4 2025), $57.8 million (Q3 2025), and $61.0 million (Q2 2025) per Business Quant data.