MSGE Stock Recent News

The top institutional shareholder is selling over 5 million of its Class A shares. Some will be repurchased by the entertainment purveyor.

Live entertainment provider Sphere Entertainment Co. SPHR, -5.16% will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE, +1.59%, Madison Square Garden said on Tuesday. Sphere, which MSG spun off last month, also plans to grant the underwriters a 30-day option to buy up to an extra 787,500 shares of MSG Entertainment.

Joel started his residency in 2014, so he's planning on ending it after a decade of successful performances.

It was an eventful week for the freshly-minted entertainment stock. It posted an earnings report and was initiated with a buy recommendation by an analyst.

Demand is still robust for concerts and live shows. The company refined its previous guidance for revenue and and reaffirmed its outlook on adjusted operating income.

Yahoo Finance Live's Diane King Hall reports on the surge in Madison Square Garden Entertainment stock after the company's Q3 earnings report, its first earnings report as a standalone company, and the company's revenue.

MSG is the latest regional sports network to launch a streaming service

Madison Square Garden Entertainment is being split into two pieces via spinoff in an attempt to unlock shareholder value. I examine the various components of MSGE and attempt to assign a value to each ahead of the spinoff.

Madison Square Garden Entertainment is a leading company in entertainment and hospitality, offering concerts, sports, dining, and nightlife. Q2 2023 results showed a 44% increase in Entertainment segment revenue, a 109% increase in operating income, and a 1% decrease in MSG Networks revenue.

Madison Square Garden Entertainment Corp. (NYSE:MSGE ) Q2 2023 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Ari Danes - Senior Vice President Investor Relations, Financial Communications and Treasury Dave Byrnes - Executive Vice President and Chief Financial Officer Andrea Greenberg - President and Chief Executive Officer Conference Call Participants Brandon Ross - LightShed Partners David Karnovsky - JPMorgan Devin Brisco - Wolfe Research Paul Golding - Macquarie Capital Operator Good morning. Thank you for standing by and welcome to the Madison Square Garden Entertainment Corp. Fiscal 2023 Second Quarter Earnings Conference Call.