Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026)
Madison Square Garden Entertainment (MSGE) posted quarterly Operating Expenses of $69.6 million for Q1 2026, up 33.3% year-over-year from $52.2 million in Q1 2025, and little changed quarter-over-quarter from $69.5 million in Q4 2025.
Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026) Analysis & Trends
Madison Square Garden Entertainment's Operating Expenses history runs 5 years deep, the most recent figure standing at $69.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 33.3% year-over-year to $69.6 million; the TTM figure through Mar 2026 stood at $257.8 million (up 20.63% YoY), while the FY2025 annual figure was $216.0 million, down 3.82% from the prior year.
- Operating Expenses for Q1 2026 stood at $69.6 million, roughly flat from $69.5 million in the prior quarter.
- The five-year high for Operating Expenses was $69.6 million in Q1 2026, with the low at $38.4 million in Q2 2022.
- The 5-year median for Operating Expenses is $53.1 million (2023), against an average of $54.0 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 50.51% in 2023, then retreated 24.3% in 2024.
- Madison Square Garden Entertainment's Operating Expenses stood at $50.7 million in 2022, then retreated by 2.73% to $49.3 million in 2023, then grew by 16.0% to $57.2 million in 2024, then advanced by 21.56% to $69.5 million in 2025, then climbed by 0.13% to $69.6 million in 2026.
- Business Quant data shows MSGE's Operating Expenses at $69.6 million in Q1 2026, $69.5 million in Q4 2025, and $57.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Madison Square Garden Entertainment | 3.89 Bn | 3.59 Bn | 75.84 Mn | 70.26 Mn |
Historic Data
Download 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 |