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MSG Entertainment (MSGE) Financials

MSG Entertainment logo
$36.62 -0.29 (-0.77%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$36.56 -0.06 (-0.16%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for MSG Entertainment

Annual Income Statements for MSG Entertainment

This table shows MSG Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021
Net Income / (Loss) Attributable to Common Shareholders		 144 77 -133 -219
Consolidated Net Income / (Loss)		 144 76 -136 -219
Net Income / (Loss) Continuing Operations		 144 76 -136 -219
Total Pre-Tax Income 		52 78 -136 -214
Total Operating Income		 112 105 -5.65 -237
Total Gross Profit		 959 851 653 82
Total Revenue		 959 851 653 82
Operating Revenue		 959 851 653 82
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 847 746 659 319
Selling, General & Admin Expense		 207 180 167 137
Depreciation Expense		 54 60 70 72
Other Operating Expenses / (Income)		 569 500 417 96
Restructuring Charge		 18 10 5.17 15
Other Special Charges / (Income)		 0.00 -4.36 0.00 0.00
Total Other Income / (Expense), net		 -60 -27 -131 23
Interest Expense		 58 52 89 34
Interest & Investment Income		 2.98 7.24 7.15 6.44
Other Income / (Expense), net		 -4.67 17 -49 51
Income Tax Expense		 -92 1.73 -0.07 5.35
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.55 -2.86 -0.69
Basic Earnings per Share		 $2.99 $1.48 ($2.58) ($4.22)
Weighted Average Basic Shares Outstanding		 48.28M 51.82M 51.77M 51.77M
Diluted Earnings per Share		 $2.97 $1.47 ($2.58) ($4.22)
Weighted Average Diluted Shares Outstanding		 48.59M 52.28M 51.77M 51.77M
Weighted Average Basic & Diluted Shares Outstanding		 48.06M 51.05M - -

Quarterly Income Statements for MSG Entertainment

This table shows MSG Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 8.04 76 -19 67 2.80 125 -51 -24 22 97 -18
Consolidated Net Income / (Loss)		 8.04 76 -19 67 2.80 125 -51 -24 22 97 -18
Net Income / (Loss) Continuing Operations		 8.04 76 -19 67 2.80 125 -51 -24 22 97 -18
Total Pre-Tax Income 		15 125 -33 -25 2.80 126 -51 -24 22 100 -20
Total Operating Income		 27 139 -18 -8.86 17 137 -33 -22 25 113 -11
Total Gross Profit		 104 210 139 186 228 200 41 148 201 356 146
Total Revenue		 242 407 139 186 228 403 142 148 201 356 146
Operating Revenue		 242 407 139 186 228 403 142 148 201 356 146
Total Cost of Revenue		 139 197 0.00 - 0.00 203 102 - 0.00 0.00 0.00
Operating Cost of Revenue		 139 197 - - - 203 102 - - - -
Total Operating Expenses		 76 71 157 195 212 62 74 170 177 242 158
Selling, General & Admin Expense		 52 57 46 56 54 48 49 53 44 43 40
Depreciation Expense		 14 14 14 14 13 13 14 14 15 16 16
Impairment Charge		 9.70 - - - - - - - - - -
Restructuring Charge		 0.08 -0.03 -0.04 2.85 2.36 0.89 12 0.42 2.46 7.36 0.00
Total Other Income / (Expense), net		 -12 -14 -14 -17 -14 -11 -18 -1.77 -2.87 -14 -9.03
Interest Expense		 12 13 14 14 14 15 14 14 13 13 11
Interest & Investment Income		 0.71 0.37 0.37 0.70 0.34 1.08 0.85 1.44 2.48 1.81 1.51
Other Income / (Expense), net		 -0.95 -1.05 -0.77 -3.13 0.08 2.85 -4.47 11 8.07 -2.17 0.89
Income Tax Expense		 7.25 49 -14 -92 0.00 1.05 -0.66 0.92 0.07 2.80 -2.07
Basic Earnings per Share		 $0.17 $1.57 ($0.40) $1.32 $0.06 $2.61 ($1.00) ($0.47) $0.42 $1.88 ($0.35)
Weighted Average Basic Shares Outstanding		 47.96M 48.34M 48.22M 48.28M 48.11M 48.03M 50.44M 51.82M 51.77M 51.77M 51.77M
Diluted Earnings per Share		 $0.17 $1.56 ($0.40) $1.32 $0.06 $2.59 ($1.00) ($0.48) $0.42 $1.88 ($0.35)
Weighted Average Diluted Shares Outstanding		 48.27M 48.61M 48.22M 48.59M 48.45M 48.29M 50.44M 52.28M 51.77M 51.77M 51.77M
Weighted Average Basic & Diluted Shares Outstanding		 47.46M 47.84M 48.47M 48.06M 48.02M 47.99M 47.97M 51.05M - - -

Annual Cash Flow Statements for MSG Entertainment

This table details how cash moves in and out of MSG Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021
Net Change in Cash & Equivalents		 -51 22 -255 315
Net Cash From Operating Activities		 111 136 95 -148
Net Cash From Continuing Operating Activities		 111 136 95 -148
Net Income / (Loss) Continuing Operations		 144 76 -136 -219
Consolidated Net Income / (Loss)		 144 76 -136 -219
Depreciation Expense		 54 60 70 72
Amortization Expense		 3.35 3.22 6.78 4.32
Non-Cash Adjustments To Reconcile Net Income		 79 7.24 121 -10
Changes in Operating Assets and Liabilities, net		 -169 -11 34 5.69
Net Cash From Investing Activities		 -62 30 45 -10
Net Cash From Continuing Investing Activities		 -62 30 45 -10
Purchase of Property, Plant & Equipment		 -24 -15 -16 -10
Purchase of Investments		 -65 -6.70 -6.78 -22
Divestitures		 0.00 28 0.00 0.00
Sale and/or Maturity of Investments		 28 24 -0.35 22
Other Investing Activities, net		 -1.66 0.00 68 0.00
Net Cash From Financing Activities		 -100 -144 -396 473
Net Cash From Continuing Financing Activities		 -100 -144 -396 473
Repayment of Debt		 -107 -20 -676 -18
Repurchase of Common Equity		 -51 -25 0.00 0.00
Issuance of Debt		 73 0.30 679 631
Other Financing Activities, net		 -15 -99 -400 -139

Quarterly Cash Flow Statements for MSG Entertainment

This table details how cash moves in and out of MSG Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 34 18 4.06 5.25 -9.26 -1.94 -45 -39 -31 47 44
Net Cash From Operating Activities		 57 113 -27 0.21 5.82 104 1.38 3.35 63 127 -57
Net Cash From Continuing Operating Activities		 57 113 -27 0.21 5.82 104 1.38 3.35 63 127 -57
Net Income / (Loss) Continuing Operations		 8.04 76 -19 67 2.80 125 -51 -24 22 97 -18
Consolidated Net Income / (Loss)		 8.04 76 -19 67 2.80 125 -51 -24 22 97 -18
Depreciation Expense		 14 14 14 14 13 13 14 14 15 16 16
Amortization Expense		 0.83 0.85 0.85 0.84 0.85 0.85 0.81 0.81 0.80 0.81 0.81
Non-Cash Adjustments To Reconcile Net Income		 18 20 27 48 6.82 5.75 19 -3.11 -0.76 6.32 4.79
Changes in Operating Assets and Liabilities, net		 15 1.63 -50 -129 -18 -41 19 16 26 6.86 -61
Net Cash From Investing Activities		 -3.10 -9.59 -6.69 10 -9.89 -7.24 -55 17 -9.13 23 -1.04
Net Cash From Continuing Investing Activities		 -3.10 -9.59 -6.69 10 -9.89 -7.24 -55 17 -9.13 23 -1.04
Purchase of Property, Plant & Equipment		 -2.96 -9.29 -5.91 -4.54 -8.43 -7.88 -3.33 -3.00 -2.98 -4.35 -4.86
Other Investing Activities, net		 -0.13 -0.31 -0.84 -0.19 - - 0.00 - - - -
Net Cash From Financing Activities		 -19 -86 38 -5.22 -5.19 -99 9.27 -59 -85 -103 102
Net Cash From Continuing Financing Activities		 -19 -86 38 -5.22 -5.19 -99 9.27 -59 -85 -103 102
Repayment of Debt		 -4.06 -59 -4.06 -4.06 -4.06 -99 -0.63 -14 -6.06 - 0.00
Repurchase of Common Equity		 -15 -25 0.00 - - 0.51 -51 -25 - - 0.00
Other Financing Activities, net		 -0.70 -1.55 -13 -1.16 -1.13 -0.41 -12 -20 -79 -103 102

Annual Balance Sheets for MSG Entertainment

This table presents MSG Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 6/30/2024 6/30/2023 6/30/2022
Total Assets		 1,553 1,401 1,527
Total Current Assets		 219 295 341
Cash & Equivalents		 34 84 63
Accounts Receivable		 95 133 199
Prepaid Expenses		 91 78 79
Plant, Property, & Equipment, net		 634 629 696
Total Noncurrent Assets		 700 477 489
Goodwill		 69 69 69
Intangible Assets		 64 64 65
Noncurrent Deferred & Refundable Income Taxes		 68 0.00 -
Other Noncurrent Operating Assets		 499 344 355
Total Liabilities & Shareholders' Equity		 1,553 1,401 1,527
Total Liabilities		 1,576 1,471 1,528
Total Current Liabilities		 506 541 545
Short-Term Debt		 16 16 8.76
Accounts Payable		 204 215 222
Current Deferred Revenue		 216 226 203
Other Current Liabilities		 70 84 112
Total Noncurrent Liabilities		 1,070 930 983
Long-Term Debt		 599 630 655
Other Noncurrent Operating Liabilities		 471 276 305
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -23 -69 -1.59
Total Preferred & Common Equity		 -23 -69 -1.48
Total Common Equity		 -23 -69 -1.48
Common Stock		 34 18 0.00
Retained Earnings		 116 -29 0.00
Treasury Stock		 -141 -25 0.00
Accumulated Other Comprehensive Income / (Loss)		 -32 -34 -35

Quarterly Balance Sheets for MSG Entertainment

This table presents MSG Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024
Period end date 3/31/2025 12/31/2024 9/30/2024 3/31/2024 12/31/2023 9/30/2023
Total Assets		 1,739 1,588 1,610 1,459 1,420 1,349
Total Current Assets		 308 270 260 256 250 284
Cash & Equivalents		 89 55 38 28 38 40
Accounts Receivable		 116 118 116 138 143 148
Prepaid Expenses		 102 96 106 89 69 96
Plant, Property, & Equipment, net		 627 641 642 636 626 620
Total Noncurrent Assets		 805 678 708 567 544 445
Goodwill		 69 69 69 69 69 69
Intangible Assets		 64 64 64 64 64 64
Noncurrent Deferred & Refundable Income Taxes		 41 43 82 - - -
Other Noncurrent Operating Assets		 631 502 493 434 411 312
Total Liabilities & Shareholders' Equity		 1,739 1,588 1,610 1,459 1,420 1,349
Total Liabilities		 1,730 1,578 1,659 1,553 1,522 1,584
Total Current Liabilities		 538 502 521 551 538 605
Short-Term Debt		 28 24 20 16 16 20
Accounts Payable		 175 172 159 205 197 187
Current Deferred Revenue		 231 224 271 251 236 289
Other Current Liabilities		 103 81 71 78 88 108
Total Noncurrent Liabilities		 1,192 1,076 1,138 1,002 984 979
Long-Term Debt		 577 585 647 602 606 699
Other Noncurrent Operating Liabilities		 615 492 491 376 354 257
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 9.53 10 -49 -95 -102 -235
Total Preferred & Common Equity		 9.53 10 -49 -95 -102 -235
Total Common Equity		 9.53 10 -49 -95 -102 -235
Common Stock		 41 35 27 30 26 19
Retained Earnings		 180 172 96 49 46 -79
Treasury Stock		 -180 -166 -141 -141 -141 -141
Accumulated Other Comprehensive Income / (Loss)		 -31 -32 -32 -33 -33 -34

Annual Metrics And Ratios for MSG Entertainment

This table displays calculated financial ratios and metrics derived from MSG Entertainment's official financial filings.

Metric 2024 2023 2022 2021
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021
Growth Metrics		 - - - -
Revenue Growth		 12.66% 30.30% 698.77% 0.00%
EBITDA Growth		 -11.60% 760.13% 119.53% 0.00%
EBIT Growth		 -12.36% 323.84% 70.71% 0.00%
NOPAT Growth		 200.86% 2,697.00% 97.62% 0.00%
Net Income Growth		 89.76% 155.83% 37.90% 0.00%
EPS Growth		 102.04% 156.98% 38.86% 0.00%
Operating Cash Flow Growth		 -18.00% 42.31% 164.38% 0.00%
Free Cash Flow Firm Growth		 15.82% 134.73% 0.00% 0.00%
Invested Capital Growth		 13.43% -17.83% 0.00% 0.00%
Revenue Q/Q Growth		 4.14% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -0.58% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -0.74% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 219.79% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 172.83% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 153.85% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -2.75% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 12.69% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 17.15% 21.85% 3.31% -135.40%
Operating Margin		 11.67% 12.33% -0.86% -290.04%
EBIT Margin		 11.18% 14.37% -8.37% -228.16%
Profit (Net Income) Margin		 15.04% 8.93% -20.84% -268.06%
Tax Burden Percent		 275.96% 97.78% 99.95% 102.50%
Interest Burden Percent		 48.75% 63.54% 249.21% 114.62%
Effective Tax Rate		 -175.96% 2.22% 0.00% 0.00%
Return on Invested Capital (ROIC)		 58.76% 18.80% -1.32% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 29.99% 14.22% -45.32% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -370.30% -232.83% 17,144.18% 0.00%
Return on Equity (ROE)		 -311.54% -214.02% 17,142.86% 0.00%
Cash Return on Invested Capital (CROIC)		 46.17% 38.38% -201.32% 0.00%
Operating Return on Assets (OROA)		 7.26% 8.36% -3.58% 0.00%
Return on Assets (ROA)		 9.77% 5.19% -8.92% 0.00%
Return on Common Equity (ROCE)		 -311.54% -213.68% 15,912.97% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -622.92% -109.46% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 309 103 -3.95 -166
NOPAT Margin		 32.20% 12.06% -0.61% -203.03%
Net Nonoperating Expense Percent (NNEP)		 28.78% 4.58% 44.00% 0.00%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 21.58% 21.16% 25.58% 166.96%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 88.33% 87.67% 100.86% 390.04%
Earnings before Interest and Taxes (EBIT)		 107 122 -55 -187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 164 186 22 -111
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.71 0.00 0.00 0.00
Price to Earnings (P/E)		 11.39 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.78% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.98 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 2.32 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 13.53 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 20.75 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 7.21 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.17 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 -26.57 -9.31 -417.67 0.00
Long-Term Debt to Equity		 -25.87 -9.07 -412.15 0.00
Financial Leverage		 -12.35 -16.37 -378.29 0.00
Leverage Ratio		 -31.89 -41.20 -960.79 0.00
Compound Leverage Factor		 -15.54 -26.18 -2,394.38 0.00
Debt to Total Capital		 103.91% 112.04% 100.24% 0.00%
Short-Term Debt to Total Capital		 2.74% 2.82% 1.32% 0.00%
Long-Term Debt to Total Capital		 101.17% 109.22% 98.92% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% -0.02% 0.00%
Common Equity to Total Capital		 -3.91% -12.04% -0.22% 0.00%
Debt to EBITDA		 3.74 3.47 30.68 0.00
Net Debt to EBITDA		 3.54 3.02 27.79 0.00
Long-Term Debt to EBITDA		 3.64 3.39 30.27 0.00
Debt to NOPAT		 1.99 6.30 -167.87 0.00
Net Debt to NOPAT		 1.88 5.47 -152.04 0.00
Long-Term Debt to NOPAT		 1.94 6.14 -165.65 0.00
Altman Z-Score		 1.35 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.16% 7.17% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.43 0.55 0.63 0.00
Quick Ratio		 0.25 0.40 0.48 0.00
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 243 210 -603 0.00
Operating Cash Flow to CapEx		 460.14% 893.43% 603.60% -1,435.95%
Free Cash Flow to Firm to Interest Expense		 4.19 4.04 -6.80 0.00
Operating Cash Flow to Interest Expense		 1.92 2.62 1.07 -4.39
Operating Cash Flow Less CapEx to Interest Expense		 1.50 2.32 0.90 -4.70
Efficiency Ratios		 - - - -
Asset Turnover		 0.65 0.58 0.43 0.00
Accounts Receivable Turnover		 8.41 5.12 3.28 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.52 1.29 0.94 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 43.39 71.33 111.39 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 43.39 71.33 111.39 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 559 493 600 0.00
Invested Capital Turnover		 1.82 1.56 2.18 0.00
Increase / (Decrease) in Invested Capital		 66 -107 600 0.00
Enterprise Value (EV)		 2,226 0.00 0.00 0.00
Market Capitalization		 1,644 0.00 0.00 0.00
Book Value per Share		 ($0.48) ($1.34) ($0.03) $0.00
Tangible Book Value per Share		 ($3.25) ($3.90) ($2.63) $0.00
Total Capital		 592 577 662 0.00
Total Debt		 615 646 664 0.00
Total Long-Term Debt		 599 630 655 0.00
Net Debt		 582 562 601 0.00
Capital Expenditures (CapEx)		 24 15 16 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -304 -313 -257 0.00
Debt-free Net Working Capital (DFNWC)		 -270 -229 -195 0.00
Net Working Capital (NWC)		 -287 -245 -204 0.00
Net Nonoperating Expense (NNE)		 165 27 132 53
Net Nonoperating Obligations (NNO)		 582 562 601 0.00
Total Depreciation and Amortization (D&A)		 57 64 76 76
Debt-free, Cash-free Net Working Capital to Revenue		 -31.70% -36.81% -39.40% 0.00%
Debt-free Net Working Capital to Revenue		 -28.20% -26.91% -29.82% 0.00%
Net Working Capital to Revenue		 -29.89% -28.82% -31.16% 0.00%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $2.99 $1.48 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 48.28M 51.82M 0.00 0.00
Adjusted Diluted Earnings per Share		 $2.97 $1.47 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 48.59M 52.28M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 48.06M 51.05M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 91 108 -0.33 -156
Normalized NOPAT Margin		 9.46% 12.73% -0.05% -190.46%
Pre Tax Income Margin		 5.45% 9.13% -20.85% -261.53%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 1.85 2.36 -0.62 -5.53
NOPAT to Interest Expense		 5.33 1.98 -0.04 -4.92
EBIT Less CapEx to Interest Expense		 1.43 2.07 -0.79 -5.84
NOPAT Less CapEx to Interest Expense		 4.91 1.69 -0.22 -5.23
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 35.26% 32.88% 0.00% 0.00%

Quarterly Metrics And Ratios for MSG Entertainment

This table displays calculated financial ratios and metrics derived from MSG Entertainment's official financial filings.

Metric Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.20% 1.18% -2.46% 25.78% 13.46% 13.15% -2.90% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 34.54% -0.86% 80.35% -25.83% -36.04% 20.88% -469.04% 0.00% 0.00% 0.00% 0.00%
EBIT Growth		 56.26% -1.65% 49.20% -7.17% -48.43% 26.06% -263.56% 0.00% 0.00% 0.00% 0.00%
NOPAT Growth		 -14.45% -38.25% 44.71% 59.34% -31.69% 23.59% -195.56% 0.00% 0.00% 0.00% 0.00%
Net Income Growth		 187.51% -39.41% 61.87% 373.36% -87.13% 29.01% -177.28% 0.00% 0.00% 0.00% 0.00%
EPS Growth		 183.33% -39.77% 60.00% 375.00% -85.71% 37.77% -185.71% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 875.76% 8.67% -2,085.41% -93.68% -90.76% -18.01% 102.40% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 96.73% 100.66% 68.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 6.06% 16.97% 30.55% 13.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 -40.49% 193.71% -25.45% -18.50% -43.30% 183.14% -3.87% -26.48% -43.46% 143.00% 0.00%
EBITDA Q/Q Growth		 -72.82% 3,412.91% -267.32% -91.07% -79.97% 756.78% -731.47% -92.30% -62.14% 1,905.10% 0.00%
EBIT Q/Q Growth		 -80.88% 816.62% -60.60% -171.01% -87.97% 470.16% -238.79% -134.17% -70.58% 1,167.55% 0.00%
NOPAT Q/Q Growth		 -82.93% 750.42% -108.60% -136.94% -87.68% 682.44% -53.40% -162.05% -77.71% 1,492.90% 0.00%
Net Income Q/Q Growth		 -89.41% 492.80% -128.87% 2,294.53% -97.77% 347.18% -106.96% -212.72% -77.63% 631.25% 0.00%
EPS Q/Q Growth		 -89.10% 490.00% -130.30% 2,100.00% -97.68% 359.00% -108.33% -214.29% -77.66% 637.14% 0.00%
Operating Cash Flow Q/Q Growth		 -49.66% 512.51% -13,005.19% -96.36% -94.39% 7,436.57% -58.90% -94.68% -50.26% 320.95% 0.00%
Free Cash Flow Firm Q/Q Growth		 -788.59% 101.53% -105.73% 84.89% -38.44% 26.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -6.79% -2.89% 3.97% 12.69% 2.81% 8.38% -9.66% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.73% 51.63% 100.00% 100.00% 100.00% 49.65% 28.50% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 17.15% 37.55% -3.33% 1.48% 13.54% 38.33% -16.52% 2.52% 24.02% 35.87% 4.35%
Operating Margin		 11.27% 34.12% -13.32% -4.76% 7.36% 34.13% -23.50% -14.73% 12.26% 31.88% -7.72%
EBIT Margin		 10.88% 33.86% -13.88% -6.44% 7.39% 34.84% -26.65% -7.56% 16.27% 31.27% -7.12%
Profit (Net Income) Margin		 3.31% 18.63% -13.93% 35.97% 1.22% 31.10% -35.63% -16.55% 10.79% 27.28% -12.48%
Tax Burden Percent		 52.56% 60.54% 58.69% -262.68% 99.93% 99.17% 98.72% 103.92% 99.67% 97.20% 89.84%
Interest Burden Percent		 57.96% 90.87% 171.01% 212.56% 16.57% 90.04% 135.46% 210.63% 66.58% 89.76% 195.15%
Effective Tax Rate		 47.44% 39.46% 0.00% 0.00% 0.07% 0.83% 0.00% 0.00% 0.34% 2.80% 0.00%
Return on Invested Capital (ROIC)		 11.30% 37.91% -17.38% -6.08% 27.32% 125.47% -62.65% -17.82% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.16% 36.46% -18.35% 6.70% 22.58% 121.69% -70.67% -19.46% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -132.22% -452.51% 84.67% -82.77% -141.00% -696.87% 204.37% 157.48% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -120.92% -414.59% 67.30% -88.85% -113.67% -571.40% 141.72% 139.66% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 37.62% 28.80% 34.95% 46.17% 0.00% 0.00% 0.00% 42.55% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 6.63% 21.62% -8.97% -4.18% 4.67% 21.93% -16.74% -4.40% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 2.02% 11.89% -9.00% 23.36% 0.77% 19.58% -22.39% -9.63% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -120.92% -414.59% 67.30% -88.85% -113.67% -571.40% 141.72% 139.44% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 1,380.80% 1,222.83% -360.69% 0.00% -55.93% -70.37% -18.56% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 14 84 -13 -6.20 17 136 -23 -15 25 110 -7.92
NOPAT Margin		 5.92% 20.65% -9.33% -3.33% 7.35% 33.84% -16.45% -10.31% 12.22% 30.98% -5.41%
Net Nonoperating Expense Percent (NNEP)		 1.14% 1.45% 0.97% -12.78% 4.74% 3.77% 8.02% 1.64% 0.00% 0.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 2.33% 13.59% - - - 26.21% - - - - -
Cost of Revenue to Revenue		 57.27% 48.37% 0.00% 0.00% 0.00% 50.35% 71.50% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 21.49% 14.04% 32.98% 29.99% 23.63% 12.02% 34.33% 35.61% 21.93% 12.17% 27.39%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 31.46% 17.51% 113.32% 104.76% 92.64% 15.52% 52.01% 114.73% 87.74% 68.12% 107.72%
Earnings before Interest and Taxes (EBIT)		 26 138 -19 -12 17 140 -38 -11 33 111 -10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 42 153 -4.62 2.76 31 154 -23 3.72 48 128 6.37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 164.43 167.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.61 1.80 2.14 1.71 2.04 1.71 1.98 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 11.91 13.66 11.64 11.39 35.58 21.23 38.33 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.40% 7.32% 8.59% 8.78% 2.81% 4.71% 2.61% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.96 4.04 4.60 3.98 4.99 4.37 5.30 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 2.14 2.37 2.80 2.32 2.68 2.36 2.79 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 10.81 12.52 14.58 13.53 14.94 11.53 15.11 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 15.65 18.44 21.23 20.75 22.87 17.02 24.86 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.37 9.80 8.48 7.21 25.59 20.12 30.52 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.61 24.90 32.40 20.00 21.61 12.29 12.14 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.84 15.13 14.91 9.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 63.60 58.97 -13.70 -26.57 -6.54 -6.09 -3.06 -9.31 0.00 0.00 0.00
Long-Term Debt to Equity		 60.61 56.61 -13.29 -25.87 -6.37 -5.94 -2.97 -9.07 0.00 0.00 0.00
Financial Leverage		 -13.02 -12.41 -4.61 -12.35 -6.24 -5.73 -2.89 -8.09 0.00 0.00 0.00
Leverage Ratio		 -37.61 -32.80 -10.42 -31.89 -15.42 -13.92 -5.73 -41.20 0.00 0.00 0.00
Compound Leverage Factor		 -21.80 -29.81 -17.82 -67.78 -2.56 -12.53 -7.77 -86.78 0.00 0.00 0.00
Debt to Total Capital		 98.45% 98.33% 107.87% 103.91% 118.04% 119.63% 148.54% 112.04% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 4.62% 3.94% 3.28% 2.74% 3.10% 3.13% 4.19% 2.82% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 93.83% 94.40% 104.59% 101.17% 114.94% 116.50% 144.35% 109.22% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 1.55% 1.67% -7.87% -3.91% -18.04% -19.63% -48.54% -12.04% 0.00% 0.00% 0.00%
Debt to EBITDA		 3.14 3.35 3.64 3.74 3.74 3.40 4.61 3.47 0.00 0.00 0.00
Net Debt to EBITDA		 2.68 3.04 3.43 3.54 3.57 3.20 4.35 3.02 0.00 0.00 0.00
Long-Term Debt to EBITDA		 3.00 3.21 3.53 3.64 3.64 3.31 4.48 3.39 0.00 0.00 0.00
Debt to NOPAT		 2.73 2.62 2.12 1.99 6.41 5.93 9.31 6.30 0.00 0.00 0.00
Net Debt to NOPAT		 2.32 2.38 2.00 1.88 6.11 5.57 8.80 5.47 0.00 0.00 0.00
Long-Term Debt to NOPAT		 2.60 2.51 2.05 1.94 6.24 5.78 9.04 6.14 0.00 0.00 0.00
Altman Z-Score		 1.14 1.52 1.18 1.10 1.20 1.36 0.80 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.57 0.54 0.50 0.43 0.46 0.47 0.47 0.55 0.00 0.00 0.00
Quick Ratio		 0.38 0.35 0.30 0.25 0.30 0.34 0.31 0.40 0.00 0.00 0.00
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -16 2.28 -149 -72 -479 -346 -468 0.00 0.00 0.00 0.00
Operating Cash Flow to CapEx		 1,917.28% 1,215.23% -463.32% 4.67% 69.05% 1,317.78% 41.33% 111.73% 2,114.97% 2,909.76% -1,180.76%
Free Cash Flow to Firm to Interest Expense		 -1.33 0.18 -10.60 -5.10 -33.21 -22.99 -32.79 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 4.81 8.71 -1.95 0.01 0.40 6.90 0.10 0.24 4.69 9.59 -5.02
Operating Cash Flow Less CapEx to Interest Expense		 4.56 7.99 -2.37 -0.30 -0.18 6.38 -0.14 0.03 4.47 9.26 -5.44
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.61 0.64 0.65 0.65 0.63 0.63 0.63 0.58 0.00 0.00 0.00
Accounts Receivable Turnover		 7.66 7.34 7.24 8.41 6.66 6.24 5.74 5.12 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.54 1.52 1.51 1.52 1.45 1.43 1.37 1.29 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 1.54 0.54 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 47.67 49.73 50.40 43.39 54.78 58.49 63.61 71.33 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 236.50 671.96 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 47.67 49.73 50.40 43.39 54.78 -178.00 -608.36 71.33 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 526 564 581 559 496 482 445 493 0.00 0.00 0.00
Invested Capital Turnover		 1.91 1.84 1.86 1.82 3.72 3.71 3.81 1.73 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 30 82 136 66 496 482 445 0.00 0.00 0.00 0.00
Enterprise Value (EV)		 2,083 2,279 2,674 2,226 2,472 2,109 2,360 0.00 0.00 0.00 0.00
Market Capitalization		 1,566 1,726 2,044 1,644 1,882 1,525 1,680 0.00 0.00 0.00 0.00
Book Value per Share		 $0.20 $0.21 ($1.01) ($0.48) ($1.97) ($2.13) ($4.61) ($1.34) $0.00 $0.00 $0.00
Tangible Book Value per Share		 ($2.58) ($2.53) ($3.78) ($3.25) ($4.74) ($4.90) ($7.21) ($3.90) $0.00 $0.00 $0.00
Total Capital		 615 619 619 592 524 520 485 577 0.00 0.00 0.00
Total Debt		 606 609 667 615 619 622 720 646 0.00 0.00 0.00
Total Long-Term Debt		 577 585 647 599 602 606 699 630 0.00 0.00 0.00
Net Debt		 516 554 630 582 590 584 680 562 0.00 0.00 0.00
Capital Expenditures (CapEx)		 2.96 9.29 5.91 4.54 8.43 7.88 3.33 3.00 2.98 4.35 4.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -291 -263 -278 -304 -307 -309 -340 -313 0.00 0.00 0.00
Debt-free Net Working Capital (DFNWC)		 -202 -207 -241 -270 -279 -272 -301 -229 0.00 0.00 0.00
Net Working Capital (NWC)		 -230 -232 -261 -287 -295 -288 -321 -245 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 6.33 8.25 6.38 -73 14 11 27 9.23 2.86 13 10
Net Nonoperating Obligations (NNO)		 516 554 630 582 590 584 680 562 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 15 15 15 15 14 14 14 15 16 16 17
Debt-free, Cash-free Net Working Capital to Revenue		 -29.86% -27.35% -29.10% -31.70% -33.33% -34.58% -40.16% -36.81% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 -20.68% -21.60% -25.16% -28.20% -30.26% -30.38% -35.50% -26.91% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 -23.60% -24.14% -27.29% -29.89% -32.02% -32.19% -37.90% -28.82% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.17 $1.57 ($0.40) $1.32 $0.06 $2.61 ($1.00) ($0.47) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 47.96M 48.34M 48.22M 48.28M 48.11M 48.03M 50.44M 51.82M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.17 $1.56 ($0.40) $1.32 $0.06 $2.59 ($1.00) ($0.48) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 48.27M 48.61M 48.22M 48.59M 48.45M 48.29M 50.44M 52.28M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 47.46M 47.84M 48.47M 48.06M 48.02M 47.99M 47.97M 51.05M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 20 84 -13 -4.21 19 137 -15 -15 27 113 -7.92
Normalized NOPAT Margin		 8.05% 20.65% -9.35% -2.26% 8.39% 34.06% -10.77% -10.11% 13.46% 31.79% -5.41%
Pre Tax Income Margin		 6.31% 30.77% -23.73% -13.69% 1.23% 31.37% -36.09% -15.93% 10.83% 28.07% -13.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.24 10.65 -1.37 -0.84 1.17 9.32 -2.65 -0.81 2.44 8.43 -0.91
NOPAT to Interest Expense		 1.22 6.50 -0.92 -0.44 1.16 9.06 -1.64 -1.10 1.83 8.35 -0.69
EBIT Less CapEx to Interest Expense		 1.98 9.93 -1.79 -1.16 0.59 8.80 -2.89 -1.03 2.22 8.10 -1.34
NOPAT Less CapEx to Interest Expense		 0.97 5.78 -1.34 -0.76 0.58 8.53 -1.87 -1.32 1.61 8.02 -1.12
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 30.18% 19.80% -0.29% 35.26% 143.46% 105.65% 175.01% 32.88% 0.00% 0.00% 0.00%

Frequently Asked Questions About MSG Entertainment's Financials

When does MSG Entertainment's financial year end?

According to the most recent income statement we have on file, MSG Entertainment's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has MSG Entertainment's net income changed over the last 3 years?

MSG Entertainment's net income appears to be on a downward trend, with a most recent value of $144.30 million in 2024, falling from -$219.31 million in 2021. The previous period was $76.04 million in 2023. See where experts think MSG Entertainment is headed by visiting MSG Entertainment's forecast page.

What is MSG Entertainment's operating income?
MSG Entertainment's total operating income in 2024 was $111.94 million, based on the following breakdown:
  • Total Gross Profit: $959.27 million
  • Total Operating Expenses: $847.32 million
How has MSG Entertainment revenue changed over the last 3 years?

Over the last 3 years, MSG Entertainment's total revenue changed from $81.81 million in 2021 to $959.27 million in 2024, a change of 1,072.5%.

How much debt does MSG Entertainment have?

MSG Entertainment's total liabilities were at $1.58 billion at the end of 2024, a 7.2% increase from 2023, and a 3.1% increase since 2022.

How much cash does MSG Entertainment have?

In the past 2 years, MSG Entertainment's cash and equivalents has ranged from $33.56 million in 2024 to $84.36 million in 2023, and is currently $33.56 million as of their latest financial filing in 2024.

How has MSG Entertainment's book value per share changed over the last 3 years?

Over the last 3 years, MSG Entertainment's book value per share changed from 0.00 in 2021 to -0.48 in 2024, a change of -48.2%.


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This page (NYSE:MSGE) was last updated on 5/25/2025 by MarketBeat.com Staff
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