MSG Entertainment Files Q2 2025 10-Q

TL;DR

**MSG Entertainment files Q2 10-Q. Check financials for latest performance.**

AI Summary

Madison Square Garden Entertainment Corp. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial details and operational updates for this period are presented, reflecting the company's performance in its entertainment and venue operations.

Why It Matters

This filing provides investors with the latest financial performance data for Madison Square Garden Entertainment, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the entertainment industry can be subject to significant market fluctuations and operational risks.

Key Players & Entities

• Madison Square Garden Entertainment Corp. (company) — Filer of the 10-Q
• December 31, 2024 (date) — End of reporting period
• 20250206 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — 2025: Class A Common Stock par value $0.01 per share — 40,974,855 Class B Common

Filing Documents

• msge-20241231.htm (10-Q) — 1286KB
• msgeexhibit3111231202410q.htm (EX-31.1) — 10KB
• msgeexhibit3121231202410q.htm (EX-31.2) — 10KB
• msgeexhibit3211231202410q.htm (EX-32.1) — 3KB
• msgeexhibit3221231202410q.htm (EX-32.2) — 4KB
• msge-20241231_g1.jpg (GRAPHIC) — 43KB
• 0001952073-25-000008.txt ( ) — 7401KB
• msge-20241231.xsd (EX-101.SCH) — 46KB
• msge-20241231_cal.xml (EX-101.CAL) — 68KB
• msge-20241231_def.xml (EX-101.DEF) — 295KB
• msge-20241231_lab.xml (EX-101.LAB) — 598KB
• msge-20241231_pre.xml (EX-101.PRE) — 447KB
• msge-20241231_htm.xml (XML) — 1078KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) C ondensed Consolidated Balance Sheets as of December 3 1 , 2024 and June 30, 2024 (unaudited) 2 Condensed Consolidated Statements of Operations for the three and six months ended December 3 1 , 2024 and 2023 (unaudited) 3 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Cash Flows for the six months ended December 3 1 , 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Equity (Deficit) for the three and six months ended December 31, 2024 and 2023 (unaudited) 6 Notes to the Condensed Consolidated Financial Statements (unaudited) 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 33

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 34

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34

Exhibits

Item 6. Exhibits 34 1

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) MADISON SQUARE GARDEN ENTERTAINMENT CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except per share data) As of December 31, June 30, 2024 2024 ASSETS Current Assets: Cash, cash equivalents, and restricted cash $ 55,219 $ 33,555 Accounts receivable, net 93,427 77,259 Related party receivables, current 25,008 17,469 Prepaid expenses and other current assets 96,181 90,801 Total current assets 269,835 219,084 Non-Current Assets: Property and equipment, net 641,092 633,533 Right-of-use lease assets 382,691 388,658 Goodwill 69,041 69,041 Indefinite-lived intangible assets 63,801 63,801 Deferred tax assets, net 42,909 68,307 Other non-current assets 119,069 110,283 Total assets $ 1,588,438 $ 1,552,707 LIABILITIES AND DEFICIT Current Liabilities: Accounts payable, accrued and other current liabilities $ 171,776 $ 203,750 Related party payables, current 54,504 42,506 Long-term debt, current 24,375 16,250 Operating lease liabilities, current 26,741 27,736 Deferred revenue 224,289 215,581 Total current liabilities 501,685 505,823 Non-Current Liabilities: Long-term debt, net of deferred financing costs 584,701 599,248 Operating lease liabilities, non-current 453,159 427,014 Other non-current liabilities 38,565 43,787 Total liabilities 1,578,110 1,575,872 Commitments and contingencies (see Note 8) Equity (Deficit): Class A Common Stock (a) 460 456 Class B Common Stock (b) 69 69 Additional paid-in-capital 34,686 33,481 Treasury stock at cost ( 5,047 and 4,365 shares outstanding as of December 31, 2024 and June 30, 2024, respectively) ( 165,512 ) ( 140,512 ) Retained earnings 172,175 115,603 Accumulated other comprehensive loss ( 31,550 ) ( 32,262 ) Total equity (deficit) 10,328 ( 23,165 ) Total liabilities and equity (deficit) $ 1,588,438 $ 1,552,707 _________________ (a) Class A Common Stock, $ 0.01 par value per share, 120,000 shares authorized; 46,007 an

View Full Filing

View this 10-Q filing on SEC EDGAR