MSG Entertainment (MSGE) Financials

$33.51 +0.77 (+2.36%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$33.56 +0.05 (+0.14%)

As of 05/2/2025 04:42 PM Eastern

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About MSG Entertainment's Financials

When does MSG Entertainment's fiscal year end?

According to the most recent income statement we have on file, MSG Entertainment's financial year ends in June. Their financial 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 MSG Entertainment's forecast for analyst expectations on what’s next for the company.

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 5/4/2025 by MarketBeat.com Staff

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MSG Entertainment (MSGE) Financials

Frequently Asked Questions About MSG Entertainment's Financials

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MSG Entertainment (MSGE) Financials

Annual Income Statements for MSG Entertainment

Quarterly Income Statements for MSG Entertainment

Annual Cash Flow Statements for MSG Entertainment

Quarterly Cash Flow Statements for MSG Entertainment

Annual Balance Sheets for MSG Entertainment

Quarterly Balance Sheets for MSG Entertainment

Annual Metrics and Ratios for MSG Entertainment

Quarterly Metrics and Ratios for MSG Entertainment

Frequently Asked Questions About MSG Entertainment's Financials

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