MSG Entertainment Posts 17% Decline in Q2 2025 Revenue
The live entertainment giant missed its fiscal fourth quarter expectations
Madison Square Garden Entertainment (MSGE) has reported its calendar Q2 2025 financial results, with the April – June figures falling short of analyst expectations.
The numbers:
Revenue declined 17% YoY to $154.1 million.
The company reported an operating loss of $25.8 million, compared to an $8.9 million loss in the same period last year.
These losses were due primarily to lower event-related revenues from concerts, stemming from a decrease in the number of shows at Madison Square Garden Arena, and lower per-concert revenues.
As per Digital Music News, the end of Billy Joel’s MSG residency was partially responsible for the dip in show quantity.
These losses were offset slightly by a YoY increase in shows at MSGE’s theaters, thanks in part to a record number of concerts at its Radio City Music Hall venue.
Adjusted operating income registered a loss of $1.3 million, compared to a positive $13.1 million in the same 2024 quarter.
Madison Square Garden Entertainment (MSGE) has reported its calendar Q2 2025 financial results, with the April – June figures falling short of analyst expectations.
The numbers:
Revenue declined 17% YoY to $154.1 million.
The company reported an operating loss of $25.8 million, compared to an $8.9 million loss in the same period last year.
These losses were due primarily to lower event-related revenues from concerts, stemming from a decrease in the number of shows at Madison Square Garden Arena, and lower per-concert revenues.
As per Digital Music News, the end of Billy Joel’s MSG residency was partially responsible for the dip in show quantity.
These losses were offset slightly by a YoY increase in shows at MSGE’s theaters, thanks in part to a record number of concerts at its Radio City Music Hall venue.
Adjusted operating income registered a loss of $1.3 million, compared to a positive $13.1 million in the same 2024 quarter.
Madison Square Garden Entertainment (MSGE) has reported its calendar Q2 2025 financial results, with the April – June figures falling short of analyst expectations.
The numbers:
Revenue declined 17% YoY to $154.1 million.
The company reported an operating loss of $25.8 million, compared to an $8.9 million loss in the same period last year.
These losses were due primarily to lower event-related revenues from concerts, stemming from a decrease in the number of shows at Madison Square Garden Arena, and lower per-concert revenues.
As per Digital Music News, the end of Billy Joel’s MSG residency was partially responsible for the dip in show quantity.
These losses were offset slightly by a YoY increase in shows at MSGE’s theaters, thanks in part to a record number of concerts at its Radio City Music Hall venue.
Adjusted operating income registered a loss of $1.3 million, compared to a positive $13.1 million in the same 2024 quarter.
👋 Disclosures & Transparency Block
- This story was written with information sourced from MSG Entertainment’s press release and Digital Music News.
- We covered it because it’s the financial reporting of a major events organization.
📨 Subscribe to NIF
Get news dropped in your inbox 👇
📨 Subscribe to NIF
Get news dropped in your inbox 👇
Related Articles
Business & Finance
Aug 14, 2025
1 min read
Chord Music Partners Raises Over $2 Billion for Catalog Investments
The company is supported by Universal Music Group
Business & Finance
Aug 13, 2025
1 min read
Sphere Entertainment Co. Earned $282.7 Million in Q2
Revenue went up $9.3 million compared to the prior year quarter.
Business & Finance
Aug 13, 2025
1 min read
StubHub To Go Public in September?
After several false starts, the IPO is back on the table
Chord Music Partners Raises Over $2 Billion for Catalog Investments
The company is supported by Universal Music Group
Harry Levin
Business
Aug 14, 2025
Sphere Entertainment Co. Earned $282.7 Million in Q2
Revenue went up $9.3 million compared to the prior year quarter.
Harry Levin
Business
Aug 13, 2025
StubHub To Go Public in September?
After several false starts, the IPO is back on the table
Rod Yates
Business
Aug 13, 2025
Tencent Music’s Q2 Revenue Jumps 18% on Paid-User Growth
Super Premium subscribers surpassed 15 million
Rod Yates
Business
Aug 13, 2025
Warner Music Group To Sell Merch Company EMP?
The label just wrote down the e-tailer’s value by $70 million
Rod Yates
Business
Aug 12, 2025
Atlantic’s Promotions Department Loses Staff to Layoffs
Four longtime senior executives have been let go
Rod Yates
Business
Aug 12, 2025
