Madison Square Garden Entertainment MSGE
NYSE MSGE
$76.69 -0.72 (-0.93%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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