Friday, June 2

Madison Square Garden Entertainment First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Madison Square Garden Entertainment (NYSE:MSGE) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$401.2m (up 36% from 1Q 2022).
  • Net loss: US$44.8m (loss narrowed by 44% from 1Q 2022).
  • US$1.30 loss per share (improved from US$2.32 loss in 1Q 2022).
NYSE:MSGE Earnings and Revenue Growth November 11th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Madison Square Garden Entertainment Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company’s shares are down 2.4% from a week ago.

Risk Analysis

We don’t want to rain on the parade too much, but we did also find 1 warning sign for Madison Square Garden Entertainment that you need to be mindful of.

Valuation is complex, but we’re helping make it simple.

Find out whether Madison Square Garden Entertainment is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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