Madison Square Garden Entertainment (NYSE:MSGE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$228.3m (up 14% from 3Q 2023).

• Net income: US$2.80m (down 87% from 3Q 2023).

• Profit margin: 1.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.058 (down from US$0.42 in 3Q 2023).

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

Madison Square Garden Entertainment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

Be aware that Madison Square Garden Entertainment is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.