Madison Square Garden Entertainment (MSGE) revenue breakdown
By product, Revenues from entertainment offerings is the largest at 76% of fiscal 2026 revenue; Food, beverage, and merchandise direct operating expenses grew fastest, 122% a year over 5 years.
Revenue by product
Fiscal years, as Madison Square Garden Entertainment reports them in its 10-K filings; fiscal 2026 total $1.1B.
| Products | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|
| Revenues from entertainment offerings | — | — | $644M | $724M | $712M | $810M | 76% |
| Food, beverage, and merchandise direct operating expenses | $3M | $99M | $136M | $162M | $151M | $164M | 15% |
| Arena license fees and other leasing revenue | — | — | — | $73M | $80M | $86M | 8% |
| Ticketing and venue license fee revenues | $8M | $274M | — | — | — | — | — |
| Sponsorship and signage, suite, and advertising commission revenues | $43M | $209M | — | — | — | — | — |
| Other | $3M | $985,000 | — | — | — | — | — |
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Where does Madison Square Garden Entertainment make its money?
In fiscal 2026, by product: Revenues from entertainment offerings $810M, Food, beverage, and merchandise direct operating expenses $164M, Arena license fees and other leasing revenue $86M.
From Madison Square Garden Entertainment's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.