Madison Square Garden Entertainment Corp.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues $81.8m $653.5m $851.5m $959.3m $942.7m
Total direct operating expenses ($96.2m) ($417.3m) ($499.9m) ($568.8m) ($535.6m)
Operating income ($237.3m) ($5.6m) $105.0m $111.9m $122.1m
Income from operations before income taxes ($214.0m) ($136.3m) $77.8m $52.3m $65.6m
Arena license fees and other leasing revenue $71.4m $71.7m $73.3m $79.9m
Depreciation and amortization ($71.6m) ($69.5m) ($60.5m) ($53.9m) ($57.8m)
Impairment of long-lived assets $0 $0 ($11.2m)
Gains, net on dispositions $0 $0 $4.4m $0 $0
Restructuring charges ($14.7m) ($5.2m) ($10.2m) ($17.6m) ($1.1m)
Interest income $6.4m $7.2m $7.2m $3.0m $2.3m
Loss on extinguishment of debt $0 ($35.6m) $0 $0 ($6.1m)
Less: Net loss attributable to nonredeemable noncontrolling interest ($694k) ($2.9m) ($553k) $0 $0
Net income ($219.3m) ($136.2m) $76.0m $144.3m $37.4m
Net income attributable to MSG Entertainment’s stockholders ($218.6m) ($133.3m) $76.6m $144.3m $37.4m
Basic (in dollars per share) ($4.24) ($2.63) $1.47 $2.99 $0.78
Diluted (in dollars per share) ($4.24) ($2.63) $1.45 $2.97 $0.77
Selling, general and administrative expenses ($136.6m) ($167.1m) ($180.2m) ($207.0m) ($215.0m)
Interest expense ($33.7m) ($53.1m) ($51.9m) ($58.0m) ($50.5m)
Other (expense) income, net $50.6m ($49.0m) $17.4m ($4.7m) ($2.2m)
Income tax (expense) benefit ($5.3m) $70k ($1.7m) $92.0m ($28.1m)