{"success":true,"data":{"pressRelease":{"id":"116556","rtpr_id":"nBw2b2Kxja","ticker":"MSGE","exchange":"NYSE","all_tickers":["MSGE"],"title":"Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter and Full Year Results","author":"Business Wire","published_at":"2026-08-12T11:30:00.364Z","article_body":"Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter\nand Full Year Results\n\nFiscal 2026 Revenues of $1.1 Billion, Up 13% Year-Over-Year\n\nFiscal 2026 Operating Income of $141.5 Million, Up 16% Versus Prior Year\n\nFiscal 2026 Adjusted Operating Income of $262.2 Million((1)), Up 18%\nYear-Over-Year\n\nMadison Square Garden Entertainment Corp. (NYSE: MSGE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Fstock-info%2F&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=MSGE&index=1&md5=1e7bdd7ff7ab44a77e2b36315812ec13)\n) (“MSG Entertainment” or the “Company”) today reported financial\nresults for the fiscal fourth quarter and full-year ended June 30, 2026.\n\nFiscal 2026 reflected another year of robust demand across the Company's\nportfolio of live entertainment offerings, with the Company welcoming\napproximately 6.4 million guests at nearly 960 events. That included concerts,\nspecial events, family shows and marquee sports, as well as the New York\nKnicks' (\"Knicks\") and New York Rangers' (\"Rangers\") regular seasons and the\nKnicks' championship run. It also reflected over 1.2 million tickets sold\nacross 215 paid performances of the Christmas Spectacular production, which\nachieved another year of record-setting revenues in its 92(nd) holiday season.\n\nFor fiscal 2026, the Company reported revenues of $1,060.8 million, an\nincrease of $118.1 million, or 13%, as compared to the prior fiscal year. In\naddition, the Company reported operating income of $141.5 million, an increase\nof $19.4 million, or 16%, and adjusted operating income of $262.2 million, an\nincrease of $39.7 million, or 18%, both as compared to the prior fiscal\nyear.((1))\n\nFor the fiscal 2026 fourth quarter, the Company reported revenues of $196.3\nmillion, an increase of $42.2 million, or 27%, as compared to the prior year\nquarter. In addition, the Company reported an operating loss of $8.6 million,\nan improvement of $17.1 million as compared to the prior year quarter, and\nadjusted operating income of $18.6 million as compared to an adjusted\noperating loss of $1.3 million in the prior year quarter.((1))\n\nExecutive Chairman and CEO James L. Dolan said, “Today’s results reflect\nthe strong demand we continue to see for our live entertainment offerings.\nLooking ahead, we are well positioned to drive solid growth in adjusted\noperating income in fiscal ’27 and remain confident in our ability to\ndeliver long-term shareholder value.”\n\nResults for the Three and Twelve Months Ended June 30, 2026 and 2025:\n     Three Months Ended   Twelve Months Ended \n     June 30,   Change   June 30,   Change \n $ millions   2026   2025   $   %   2026   2025   $   % \n Revenues   $ 196.3     $ 154.1     $ 42.2   27 %   $ 1,060.8   $ 942.7   $ 118.1   13 % \n Operating (Loss) Income   $ (8.6 )   $ (25.8 )   $ 17.1   66 %   $ 141.5   $ 122.1   $ 19.4   16 % \n Adjusted Operating Income (Loss)   $ 18.6     $ (1.3 )   $ 19.9   NM     $ 262.2   $ 222.5   $ 39.7   18 % \n Note: Amounts may not foot due to rounding. NM — Comparisons from positive \n to negative values or to zero values are considered not meaningful. \n ((1)) See page 3 of this earnings release for the definition of adjusted \n operating income (loss) included in the discussion of non-GAAP financial \n measures. \n\n\nEntertainment Offerings, Arena License Fees and Other Leasing\n\nFiscal 2026 fourth quarter revenues from entertainment offerings of $152.7\nmillion increased $34.0 million, or 29%, as compared to the prior year\nquarter.\n\n\n * Revenues from concerts increased $22.7 million, reflecting an increase in the\nnumber of concerts at the Madison Square Garden Arena (\"The Garden\") and\nhigher per-concert revenue, partially offset by a decrease in the number of\nconcerts at the Company's theaters.\n\n * Revenues subject to the sharing of economics with Madison Square Garden Sports\nCorp. (\"MSG Sports\") pursuant to the Arena License Agreements increased $5.8\nmillion, primarily due to higher commissions on merchandise sales and higher\nsuite license fee revenues (excluding those retained by the Company) as\ncompared to the prior year quarter.\n\n * Revenues from other live entertainment and sporting events increased $2.3\nmillion due to higher per-event revenue, partially offset by a decrease in the\nnumber of events at the Company's venues.\n\n * Revenues from venue-related sponsorship, signage, and suite license fees\nincreased $2.2 million due to higher sponsorship and signage revenues and\nhigher suite license fee revenues (excluding those shared with MSG Sports\npursuant to the Arena License Agreements).\n\nFiscal 2026 fourth quarter arena license fees and other leasing revenues of\n$11.5 million increased $2.5 million, or 27%, as compared to the prior year\nquarter due to an increase in other leasing revenues.\n\nFiscal 2026 fourth quarter direct operating expenses associated with\nentertainment offerings, arena license fees and other leasing of $100.2\nmillion increased $14.7 million, or 17%, as compared to the prior year\nquarter.\n\n\n * Expenses for concerts increased $14.9 million due to higher per-concert\nexpenses and an increase in the number of concerts at The Garden, partially\noffset by a decrease in the number of concerts at the Company's theaters;\n\n * Expenses subject to the sharing of economics with MSG Sports pursuant to the\nArena License Agreements increased $2.0 million, primarily due to expenses\nincurred as a result of the increase in suite license fee revenues;\n\n * Expenses for other live entertainment and sporting events increased $1.1\nmillion due to higher per-event expenses, partially offset by a decrease in\nthe number of events at the Company's venues; and\n\n * Venue operating costs decreased $1.7 million, while other costs decreased $1.5\nmillion.\n\nFood, Beverage and Merchandise\n\nFiscal 2026 fourth quarter food, beverage and merchandise revenues of $32.2\nmillion increased $5.8 million, or 22%, as compared to the prior year quarter.\nThis increase was primarily due to (i) higher food and beverage sales at\nconcerts held at the Company's venues of $3.7 million due to an increase in\nthe number of concerts at The Garden, partially offset by a decrease in the\nnumber of concerts at the Company's theaters and lower per-concert revenue,\nand (ii) higher food and beverage sales at Knicks and Rangers games of $1.6\nmillion due to higher per-game revenue.\n\nFiscal 2026 fourth quarter food, beverage and merchandise direct operating\nexpenses of $20.2 million increased $3.8 million, or 23%, as compared to the\nprior year quarter, primarily due to higher food and beverage costs at\nconcerts held at the Company's venues and, to a lesser extent, higher food and\nbeverage costs at Knicks and Rangers games at The Garden.\n\nSelling, General and Administrative Expenses\n\nFiscal 2026 fourth quarter selling, general and administrative expenses of\n$67.2 million increased $7.3 million, or 12%, as compared with the prior year\nquarter. This increase was primarily due to higher employee compensation and\nrelated benefits.\n\nOperating Loss and Adjusted Operating Income/(Loss)\n\nFiscal 2026 fourth quarter operating loss of $8.6 million improved $17.1\nmillion and adjusted operating income of $18.6 million increased $19.9\nmillion, both as compared to the prior year quarter, primarily due to the\nincrease in revenues, partially offset by higher direct operating expenses and\nselling, general and administrative expenses.\n\nOther Matters\n\nThe National Railroad Passenger Corporation (“Amtrak”) previously selected\nPenn Transformation Partners, a consortium led by Halmar Infrastructure\nDevelopment, Inc. and Skanska Infrastructure Development, Inc. (collectively,\nthe “Master Developer”) to redevelop New York Penn Station subject to the\nexecution of various binding agreements (the “Developer Agreements”). On\nJune 8, 2026, in connection with the proposed redevelopment of Penn Station,\nthe Company announced that, through a wholly-owned subsidiary, it had entered\ninto a non-binding memorandum of understanding with the Master Developer (i)\nacknowledging that the Madison Square Garden Arena must remain fully\noperational at all times during the redevelopment as required by the Company\nand (ii) contemplating the transfer of the Infosys Theater at Madison Square\nGarden to the Master Developer, subject to further negotiation and execution\nof definitive documentation between the Company and the Master Developer and\nthe execution of the Developer Agreements.\n\nAbout Madison Square Garden Entertainment Corp.\n\nMadison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in\nlive entertainment, delivering unforgettable experiences while forging deep\nconnections with diverse and passionate audiences. The Company’s portfolio\nincludes a collection of world-renowned venues – New York’s Madison Square\nGarden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and\nBeacon Theatre; and The Chicago Theatre – that showcase a broad array of\nsporting events, concerts, family shows, and special events for millions of\nguests annually. In addition, the Company features the original production,\nthe Christmas Spectacular Starring the Radio City Rockettes, which has been a\nholiday tradition for more than 90 years. More information is available at\nwww.msgentertainment.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.msgentertainment.com&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=www.msgentertainment.com&index=2&md5=4025d05efbdd6cb423c6f50771081422)\n.\n\nNon-GAAP Financial Measures\n\nWe define adjusted operating income (loss), which is a non-GAAP financial\nmeasure, as operating income (loss) excluding (i) depreciation, amortization\nand impairments of property and equipment, goodwill and other long-lived\nassets, including right of use assets and related lease costs, (ii)\nshare-based compensation expense or benefit, (iii) restructuring charges or\ncredits, (iv) merger, spin-off, and acquisition-related costs, including\nmerger-related litigation expenses, (v) gains or losses on sales or\ndispositions of businesses and associated settlements, (vi) the impact of\npurchase accounting adjustments related to business acquisitions, (vii)\namortization for capitalized cloud computing arrangement costs and (viii)\ngains and losses related to the remeasurement of liabilities under the\nexecutive deferred compensation plan. We exclude impairments of long-lived\nassets, including right-of-use assets and related lease costs, as these\nexpenses do not represent core business operating results of the Company. We\nbelieve that the exclusion of share-based compensation expense or benefit\nallows investors to better track the performance of our business without\nregard to the settlement of an obligation that is not expected to be made in\ncash. We eliminate merger, spin-off, and acquisition-related transaction\ncosts, when applicable, because the Company does not consider such costs to be\nindicative of the ongoing operating performance of the Company as they result\nfrom an event that is of a non-recurring nature, thereby enhancing\ncomparability. In addition, management believes that the exclusion of gains\nand losses related to the remeasurement of liabilities under the executive\ndeferred compensation plan, provides investors with a clearer picture of the\nCompany’s operating performance given that, in accordance with U.S.\ngenerally accepted accounting principles, gains and losses related to the\nremeasurement of liabilities under the executive deferred compensation plan\nare recognized in operating income (loss) whereas gains and losses related to\nthe remeasurement of the assets under the executive deferred compensation\nplan, which are equal to and therefore fully offset the gains and losses\nrelated to the remeasurement of liabilities, are recognized in other income\n(expense), net, which is not reflected in operating income (loss).\n\nWe believe adjusted operating income (loss) is an appropriate measure for\nevaluating the operating performance of the Company on a consolidated basis.\nAdjusted operating income (loss) and similar measures with similar titles are\ncommon performance measures used by investors and analysts to analyze our\nperformance. Internally, we use revenues and adjusted operating income (loss)\nas the most important indicators of our business performance, and evaluate\nmanagement’s effectiveness with specific reference to these indicators.\nAdjusted operating income (loss) should be viewed as a supplement to and not a\nsubstitute for operating income (loss), net income (loss), cash flows from\noperating activities, and other measures of performance and/or liquidity\npresented in accordance with GAAP. Since adjusted operating income (loss) is\nnot a measure of performance calculated in accordance with GAAP, this measure\nmay not be comparable to similar measures with similar titles used by other\ncompanies. For a reconciliation of operating income (loss) to adjusted\noperating income (loss), please see page 5 of this release.\n\nForward-Looking Statements\n\nThis press release may contain statements that constitute forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995, including statements regarding the redevelopment of Penn Station and\nthe proposed transfer of the Infosys Theater at Madison Square Garden to the\nMaster Developer. Investors are cautioned that any such forward-looking\nstatements are not guarantees of future performance or results and involve\nrisks and uncertainties, and that actual results, developments or events may\ndiffer materially from those in the forward-looking statements as a result of\nvarious factors, including financial community perceptions of the Company and\nits business, operations, financial condition and the industries in which it\noperates and the factors described in the Company’s filings with the\nSecurities and Exchange Commission, including the sections titled “Risk\nFactors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” contained therein. The Company\ndisclaims any obligation to update any forward-looking statements contained\nherein.\n\nConference Call Information:\n\nThe conference call will be webcast live today at 10:00 a.m. ET at\ninvestor.msgentertainment.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Foverview%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com&index=3&md5=4441cba4f22efd5dac8c6958536102a7)\n\nConference call dial-in number is 833-461-5787 / Conference ID Number\n549926872\n\nWebcast replay available at investor.msgentertainment.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Foverview%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com&index=4&md5=eb0cbad456ab66affe6e7d17b6ab275a)\nuntil August 19, 2026\n\nInvestor presentation available at\ninvestor.msgentertainment.com/events-and-presentations\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Fevents-and-presentations%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com%2Fevents-and-presentations&index=5&md5=3e9b0fa72f534287afe15a87e6aeca42)\n   \n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n CONSOLIDATED STATEMENTS OF OPERATIONS \n (In thousands, except per share data) \n (Unaudited) \n   \n     Three Months Ended   Twelve Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Revenues:                 \n Revenues from entertainment offerings   $ 152,677     $ 118,723     $ 810,128     $ 712,294   \n Food, beverage, and merchandise revenues     32,168       26,402       164,410       150,506   \n Arena license fees and other leasing revenue     11,477       9,013       86,246       79,934   \n Total revenues     196,322       154,138       1,060,784       942,734   \n Direct operating expenses:                 \n Entertainment offerings, arena license fees, and other leasing direct     (100,236 )     (85,501 )     (483,196 )     (444,256 ) \n operating expenses \n Food, beverage, and merchandise direct operating expenses     (20,244 )     (16,489 )     (99,103 )     (91,387 ) \n Total direct operating expenses     (120,480 )     (101,990 )     (582,299 )     (535,643 ) \n Selling, general and administrative expenses     (67,213 )     (59,927 )     (253,112 )     (214,974 ) \n Depreciation and amortization     (14,223 )     (15,432 )     (56,069 )     (57,768 ) \n Impairment of long-lived assets     —       (1,502 )     (13,782 )     (11,202 ) \n Restructuring charges     (3,047 )     (1,041 )     (13,986 )     (1,055 ) \n Operating (loss) income     (8,641 )     (25,754 )     141,536       122,092   \n Interest income     2,617       881       6,195       2,328   \n Interest expense     (9,090 )     (11,708 )     (39,962 )     (50,506 ) \n Loss on extinguishment of debt     —       (6,132 )     —       (6,132 ) \n Other income (expense), net     752       542       (793 )     (2,221 ) \n (Loss) income from operations before income taxes     (14,362 )     (42,171 )     106,976       65,561   \n Income tax benefit (expense)     4,377       14,994       (40,790 )     (28,130 ) \n Net (loss) income   $ (9,985 )   $ (27,177 )   $ 66,186     $ 37,431   \n                   \n (Loss) earnings per share attributable to MSG Entertainment’s stockholders:                 \n Basic   $ (0.21 )   $ (0.57 )   $ 1.39     $ 0.78   \n Diluted   $ (0.21 )   $ (0.57 )   $ 1.38     $ 0.77   \n                   \n Weighted-average number of common shares outstanding:                 \n Basic     47,483       47,611       47,460       48,031   \n Diluted     47,483       47,611       48,002       48,330   \n   \n\n\nMADISON SQUARE GARDEN ENTERTAINMENT CORP.\n\nADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO\n\nADJUSTED OPERATING INCOME (LOSS)\n\n(in thousands)\n\n(Unaudited)\n\nThe following is a description of the adjustments to operating (loss) income\nin arriving at adjusted operating income (loss) as described in this earnings\nrelease:\n\n\n * Depreciation and amortization. This adjustment eliminates depreciation and\namortization of property and equipment and intangible assets.\n\n * Impairment of long-lived assets. This adjustment eliminates the impairment of\nlong-lived assets, including right of use assets and related lease costs.\n\n * Share-based compensation. This adjustment eliminates the compensation expense\nrelating to restricted stock units, performance stock units and stock options\ngranted to employees and non-employee directors.\n\n * Restructuring charges. This adjustment eliminates costs related to termination\nbenefits provided to certain corporate executives and employees.\n\n * Merger, spin-off, and acquisition-related costs. This adjustment eliminates\ncosts related to mergers, spin-offs and acquisitions, including merger-related\nlitigation expenses.\n\n * Amortization for capitalized cloud computing arrangement costs. This\nadjustment eliminates amortization of capitalized cloud computing arrangement\ncosts.\n\n * Remeasurement of deferred compensation plan liabilities. This adjustment\neliminates the impact of gains and losses related to the remeasurement of\nliabilities under the executive deferred compensation plan.\n     Three Months Ended   Twelve Months Ended \n     June 30,   June 30, \n $ thousands   2026   2025   2026   2025 \n Operating (loss) income   $ (8,641 )   $ (25,754 )   $ 141,536   $ 122,092 \n Depreciation and amortization     14,223       15,432       56,069     57,768 \n Impairment of long-lived assets and related lease costs     862       1,502       16,878     11,202 \n Share-based compensation (excluding share-based compensation included in     8,476       5,860       32,495     27,694 \n restructuring charges) \n Restructuring charges     3,047       1,041       13,986     1,055 \n Merger, spin-off, and acquisition-related costs     —       113       —     1,474 \n Amortization of capitalized cloud computing arrangement costs     27       161       252     713 \n Remeasurement of deferred compensation plan liabilities     643       359       968     508 \n Adjusted operating income (loss)   $ 18,637     $ (1,286 )   $ 262,184   $ 222,506 \n   \n\n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n CONSOLIDATED BALANCE SHEETS (unaudited) \n (in thousands, except per share data) \n     June 30, \n     2026   2025 \n ASSETS         \n Current Assets:         \n Cash, cash equivalents and restricted cash   $ 294,158     $ 43,538   \n Accounts receivable, net     87,998       66,781   \n Related party receivables, current     28,132       22,487   \n Prepaid expenses and other current assets     111,859       104,326   \n Total current assets     522,147       237,132   \n Non-Current Assets:         \n Property and equipment, net     591,696       621,075   \n Right-of-use lease assets     448,892       484,544   \n Goodwill     69,041       69,041   \n Indefinite-lived intangible assets     63,801       63,801   \n Deferred tax assets, net     53,485       54,072   \n Other non-current assets     186,188       140,177   \n Total assets   $ 1,935,250     $ 1,669,842   \n LIABILITIES AND EQUITY (DEFICIT)         \n Current Liabilities:         \n Accounts payable, accrued and other current liabilities   $ 324,708     $ 184,360   \n Related party payables, current     63,978       23,830   \n Long-term debt, current     30,469       30,469   \n Operating lease liabilities, current     44,461       35,100   \n Deferred revenue     284,636       228,642   \n Total current liabilities     748,252       502,401   \n Non-Current Liabilities:         \n Long-term debt, net of deferred financing costs     540,334       568,780   \n Operating lease liabilities, non-current     560,101       566,484   \n Other non-current liabilities     40,782       45,477   \n Total liabilities     1,889,469       1,683,142   \n Commitments and contingencies         \n Equity (deficit):         \n Class A Common Stock ((a))     465       461   \n Class B Common Stock ((b))     69       69   \n Additional paid-in capital     61,885       44,843   \n Treasury stock at cost (6,106 and 5,483 shares as of June 30, 2026 and June     (205,204 )     (180,204 ) \n 30, 2025, respectively) \n Retained earnings     219,220       153,034   \n Accumulated other comprehensive loss     (30,654 )     (31,503 ) \n Total equity (deficit)     45,781       (13,300 ) \n Total liabilities and equity (deficit)   $ 1,935,250     $ 1,669,842   \n\n   \n (a) Class A common stock, $0.01 par value per share, 120,000 shares authorized; 46,545 and 46,076 shares issued as of June 30, 2026 and June 30, 2025, respectively. \n (b) Class B common stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued as of June 30, 2026 and June 30, 2025. \n\n \n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n SELECTED CASH FLOW INFORMATION \n (in thousands) \n (Unaudited) \n   \n     Twelve Months Ended \n     June 30, \n     2026   2025 \n Net cash provided by operating activities   $ 351,435     $ 115,297   \n Net cash used in investing activities     (29,786 )     (23,693 ) \n Net cash used in financing activities     (71,029 )     (81,621 ) \n Net increase in cash, cash equivalents and restricted cash     250,620       9,983   \n Cash, cash equivalents and restricted cash, beginning of period     43,538       33,555   \n Cash, cash equivalents and restricted cash, end of period   $ 294,158     $ 43,538   \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260812541021/en/\n(https://www.businesswire.com/news/home/20260812541021/en/)\n\nAri Danes, CFA\n\nSenior Vice President, Investor Relations, Financial Communications &\nTreasury\n\nMadison Square Garden Entertainment Corp.\n\n(212) 465-6072\n\nGrace Kaminer\n\nVice President, Investor Relations & Treasury\n\nMadison Square Garden Entertainment Corp.\n\n(212) 631-5076\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2b2Kxja","title":"Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter and Full Year Results","author":"Business Wire","ticker":"MSGE","created":"2026-08-12T11:30:00.364Z","tickers":["MSGE"],"exchange":"NYSE","article_body":"Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter\nand Full Year Results\n\nFiscal 2026 Revenues of $1.1 Billion, Up 13% Year-Over-Year\n\nFiscal 2026 Operating Income of $141.5 Million, Up 16% Versus Prior Year\n\nFiscal 2026 Adjusted Operating Income of $262.2 Million((1)), Up 18%\nYear-Over-Year\n\nMadison Square Garden Entertainment Corp. (NYSE: MSGE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Fstock-info%2F&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=MSGE&index=1&md5=1e7bdd7ff7ab44a77e2b36315812ec13)\n) (“MSG Entertainment” or the “Company”) today reported financial\nresults for the fiscal fourth quarter and full-year ended June 30, 2026.\n\nFiscal 2026 reflected another year of robust demand across the Company's\nportfolio of live entertainment offerings, with the Company welcoming\napproximately 6.4 million guests at nearly 960 events. That included concerts,\nspecial events, family shows and marquee sports, as well as the New York\nKnicks' (\"Knicks\") and New York Rangers' (\"Rangers\") regular seasons and the\nKnicks' championship run. It also reflected over 1.2 million tickets sold\nacross 215 paid performances of the Christmas Spectacular production, which\nachieved another year of record-setting revenues in its 92(nd) holiday season.\n\nFor fiscal 2026, the Company reported revenues of $1,060.8 million, an\nincrease of $118.1 million, or 13%, as compared to the prior fiscal year. In\naddition, the Company reported operating income of $141.5 million, an increase\nof $19.4 million, or 16%, and adjusted operating income of $262.2 million, an\nincrease of $39.7 million, or 18%, both as compared to the prior fiscal\nyear.((1))\n\nFor the fiscal 2026 fourth quarter, the Company reported revenues of $196.3\nmillion, an increase of $42.2 million, or 27%, as compared to the prior year\nquarter. In addition, the Company reported an operating loss of $8.6 million,\nan improvement of $17.1 million as compared to the prior year quarter, and\nadjusted operating income of $18.6 million as compared to an adjusted\noperating loss of $1.3 million in the prior year quarter.((1))\n\nExecutive Chairman and CEO James L. Dolan said, “Today’s results reflect\nthe strong demand we continue to see for our live entertainment offerings.\nLooking ahead, we are well positioned to drive solid growth in adjusted\noperating income in fiscal ’27 and remain confident in our ability to\ndeliver long-term shareholder value.”\n\nResults for the Three and Twelve Months Ended June 30, 2026 and 2025:\n     Three Months Ended   Twelve Months Ended \n     June 30,   Change   June 30,   Change \n $ millions   2026   2025   $   %   2026   2025   $   % \n Revenues   $ 196.3     $ 154.1     $ 42.2   27 %   $ 1,060.8   $ 942.7   $ 118.1   13 % \n Operating (Loss) Income   $ (8.6 )   $ (25.8 )   $ 17.1   66 %   $ 141.5   $ 122.1   $ 19.4   16 % \n Adjusted Operating Income (Loss)   $ 18.6     $ (1.3 )   $ 19.9   NM     $ 262.2   $ 222.5   $ 39.7   18 % \n Note: Amounts may not foot due to rounding. NM — Comparisons from positive \n to negative values or to zero values are considered not meaningful. \n ((1)) See page 3 of this earnings release for the definition of adjusted \n operating income (loss) included in the discussion of non-GAAP financial \n measures. \n\n\nEntertainment Offerings, Arena License Fees and Other Leasing\n\nFiscal 2026 fourth quarter revenues from entertainment offerings of $152.7\nmillion increased $34.0 million, or 29%, as compared to the prior year\nquarter.\n\n\n * Revenues from concerts increased $22.7 million, reflecting an increase in the\nnumber of concerts at the Madison Square Garden Arena (\"The Garden\") and\nhigher per-concert revenue, partially offset by a decrease in the number of\nconcerts at the Company's theaters.\n\n * Revenues subject to the sharing of economics with Madison Square Garden Sports\nCorp. (\"MSG Sports\") pursuant to the Arena License Agreements increased $5.8\nmillion, primarily due to higher commissions on merchandise sales and higher\nsuite license fee revenues (excluding those retained by the Company) as\ncompared to the prior year quarter.\n\n * Revenues from other live entertainment and sporting events increased $2.3\nmillion due to higher per-event revenue, partially offset by a decrease in the\nnumber of events at the Company's venues.\n\n * Revenues from venue-related sponsorship, signage, and suite license fees\nincreased $2.2 million due to higher sponsorship and signage revenues and\nhigher suite license fee revenues (excluding those shared with MSG Sports\npursuant to the Arena License Agreements).\n\nFiscal 2026 fourth quarter arena license fees and other leasing revenues of\n$11.5 million increased $2.5 million, or 27%, as compared to the prior year\nquarter due to an increase in other leasing revenues.\n\nFiscal 2026 fourth quarter direct operating expenses associated with\nentertainment offerings, arena license fees and other leasing of $100.2\nmillion increased $14.7 million, or 17%, as compared to the prior year\nquarter.\n\n\n * Expenses for concerts increased $14.9 million due to higher per-concert\nexpenses and an increase in the number of concerts at The Garden, partially\noffset by a decrease in the number of concerts at the Company's theaters;\n\n * Expenses subject to the sharing of economics with MSG Sports pursuant to the\nArena License Agreements increased $2.0 million, primarily due to expenses\nincurred as a result of the increase in suite license fee revenues;\n\n * Expenses for other live entertainment and sporting events increased $1.1\nmillion due to higher per-event expenses, partially offset by a decrease in\nthe number of events at the Company's venues; and\n\n * Venue operating costs decreased $1.7 million, while other costs decreased $1.5\nmillion.\n\nFood, Beverage and Merchandise\n\nFiscal 2026 fourth quarter food, beverage and merchandise revenues of $32.2\nmillion increased $5.8 million, or 22%, as compared to the prior year quarter.\nThis increase was primarily due to (i) higher food and beverage sales at\nconcerts held at the Company's venues of $3.7 million due to an increase in\nthe number of concerts at The Garden, partially offset by a decrease in the\nnumber of concerts at the Company's theaters and lower per-concert revenue,\nand (ii) higher food and beverage sales at Knicks and Rangers games of $1.6\nmillion due to higher per-game revenue.\n\nFiscal 2026 fourth quarter food, beverage and merchandise direct operating\nexpenses of $20.2 million increased $3.8 million, or 23%, as compared to the\nprior year quarter, primarily due to higher food and beverage costs at\nconcerts held at the Company's venues and, to a lesser extent, higher food and\nbeverage costs at Knicks and Rangers games at The Garden.\n\nSelling, General and Administrative Expenses\n\nFiscal 2026 fourth quarter selling, general and administrative expenses of\n$67.2 million increased $7.3 million, or 12%, as compared with the prior year\nquarter. This increase was primarily due to higher employee compensation and\nrelated benefits.\n\nOperating Loss and Adjusted Operating Income/(Loss)\n\nFiscal 2026 fourth quarter operating loss of $8.6 million improved $17.1\nmillion and adjusted operating income of $18.6 million increased $19.9\nmillion, both as compared to the prior year quarter, primarily due to the\nincrease in revenues, partially offset by higher direct operating expenses and\nselling, general and administrative expenses.\n\nOther Matters\n\nThe National Railroad Passenger Corporation (“Amtrak”) previously selected\nPenn Transformation Partners, a consortium led by Halmar Infrastructure\nDevelopment, Inc. and Skanska Infrastructure Development, Inc. (collectively,\nthe “Master Developer”) to redevelop New York Penn Station subject to the\nexecution of various binding agreements (the “Developer Agreements”). On\nJune 8, 2026, in connection with the proposed redevelopment of Penn Station,\nthe Company announced that, through a wholly-owned subsidiary, it had entered\ninto a non-binding memorandum of understanding with the Master Developer (i)\nacknowledging that the Madison Square Garden Arena must remain fully\noperational at all times during the redevelopment as required by the Company\nand (ii) contemplating the transfer of the Infosys Theater at Madison Square\nGarden to the Master Developer, subject to further negotiation and execution\nof definitive documentation between the Company and the Master Developer and\nthe execution of the Developer Agreements.\n\nAbout Madison Square Garden Entertainment Corp.\n\nMadison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in\nlive entertainment, delivering unforgettable experiences while forging deep\nconnections with diverse and passionate audiences. The Company’s portfolio\nincludes a collection of world-renowned venues – New York’s Madison Square\nGarden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and\nBeacon Theatre; and The Chicago Theatre – that showcase a broad array of\nsporting events, concerts, family shows, and special events for millions of\nguests annually. In addition, the Company features the original production,\nthe Christmas Spectacular Starring the Radio City Rockettes, which has been a\nholiday tradition for more than 90 years. More information is available at\nwww.msgentertainment.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.msgentertainment.com&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=www.msgentertainment.com&index=2&md5=4025d05efbdd6cb423c6f50771081422)\n.\n\nNon-GAAP Financial Measures\n\nWe define adjusted operating income (loss), which is a non-GAAP financial\nmeasure, as operating income (loss) excluding (i) depreciation, amortization\nand impairments of property and equipment, goodwill and other long-lived\nassets, including right of use assets and related lease costs, (ii)\nshare-based compensation expense or benefit, (iii) restructuring charges or\ncredits, (iv) merger, spin-off, and acquisition-related costs, including\nmerger-related litigation expenses, (v) gains or losses on sales or\ndispositions of businesses and associated settlements, (vi) the impact of\npurchase accounting adjustments related to business acquisitions, (vii)\namortization for capitalized cloud computing arrangement costs and (viii)\ngains and losses related to the remeasurement of liabilities under the\nexecutive deferred compensation plan. We exclude impairments of long-lived\nassets, including right-of-use assets and related lease costs, as these\nexpenses do not represent core business operating results of the Company. We\nbelieve that the exclusion of share-based compensation expense or benefit\nallows investors to better track the performance of our business without\nregard to the settlement of an obligation that is not expected to be made in\ncash. We eliminate merger, spin-off, and acquisition-related transaction\ncosts, when applicable, because the Company does not consider such costs to be\nindicative of the ongoing operating performance of the Company as they result\nfrom an event that is of a non-recurring nature, thereby enhancing\ncomparability. In addition, management believes that the exclusion of gains\nand losses related to the remeasurement of liabilities under the executive\ndeferred compensation plan, provides investors with a clearer picture of the\nCompany’s operating performance given that, in accordance with U.S.\ngenerally accepted accounting principles, gains and losses related to the\nremeasurement of liabilities under the executive deferred compensation plan\nare recognized in operating income (loss) whereas gains and losses related to\nthe remeasurement of the assets under the executive deferred compensation\nplan, which are equal to and therefore fully offset the gains and losses\nrelated to the remeasurement of liabilities, are recognized in other income\n(expense), net, which is not reflected in operating income (loss).\n\nWe believe adjusted operating income (loss) is an appropriate measure for\nevaluating the operating performance of the Company on a consolidated basis.\nAdjusted operating income (loss) and similar measures with similar titles are\ncommon performance measures used by investors and analysts to analyze our\nperformance. Internally, we use revenues and adjusted operating income (loss)\nas the most important indicators of our business performance, and evaluate\nmanagement’s effectiveness with specific reference to these indicators.\nAdjusted operating income (loss) should be viewed as a supplement to and not a\nsubstitute for operating income (loss), net income (loss), cash flows from\noperating activities, and other measures of performance and/or liquidity\npresented in accordance with GAAP. Since adjusted operating income (loss) is\nnot a measure of performance calculated in accordance with GAAP, this measure\nmay not be comparable to similar measures with similar titles used by other\ncompanies. For a reconciliation of operating income (loss) to adjusted\noperating income (loss), please see page 5 of this release.\n\nForward-Looking Statements\n\nThis press release may contain statements that constitute forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995, including statements regarding the redevelopment of Penn Station and\nthe proposed transfer of the Infosys Theater at Madison Square Garden to the\nMaster Developer. Investors are cautioned that any such forward-looking\nstatements are not guarantees of future performance or results and involve\nrisks and uncertainties, and that actual results, developments or events may\ndiffer materially from those in the forward-looking statements as a result of\nvarious factors, including financial community perceptions of the Company and\nits business, operations, financial condition and the industries in which it\noperates and the factors described in the Company’s filings with the\nSecurities and Exchange Commission, including the sections titled “Risk\nFactors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” contained therein. The Company\ndisclaims any obligation to update any forward-looking statements contained\nherein.\n\nConference Call Information:\n\nThe conference call will be webcast live today at 10:00 a.m. ET at\ninvestor.msgentertainment.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Foverview%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com&index=3&md5=4441cba4f22efd5dac8c6958536102a7)\n\nConference call dial-in number is 833-461-5787 / Conference ID Number\n549926872\n\nWebcast replay available at investor.msgentertainment.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Foverview%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com&index=4&md5=eb0cbad456ab66affe6e7d17b6ab275a)\nuntil August 19, 2026\n\nInvestor presentation available at\ninvestor.msgentertainment.com/events-and-presentations\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.msgentertainment.com%2Fevents-and-presentations%2Fdefault.aspx&esheet=54587998&newsitemid=20260812541021&lan=en-US&anchor=investor.msgentertainment.com%2Fevents-and-presentations&index=5&md5=3e9b0fa72f534287afe15a87e6aeca42)\n   \n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n CONSOLIDATED STATEMENTS OF OPERATIONS \n (In thousands, except per share data) \n (Unaudited) \n   \n     Three Months Ended   Twelve Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Revenues:                 \n Revenues from entertainment offerings   $ 152,677     $ 118,723     $ 810,128     $ 712,294   \n Food, beverage, and merchandise revenues     32,168       26,402       164,410       150,506   \n Arena license fees and other leasing revenue     11,477       9,013       86,246       79,934   \n Total revenues     196,322       154,138       1,060,784       942,734   \n Direct operating expenses:                 \n Entertainment offerings, arena license fees, and other leasing direct     (100,236 )     (85,501 )     (483,196 )     (444,256 ) \n operating expenses \n Food, beverage, and merchandise direct operating expenses     (20,244 )     (16,489 )     (99,103 )     (91,387 ) \n Total direct operating expenses     (120,480 )     (101,990 )     (582,299 )     (535,643 ) \n Selling, general and administrative expenses     (67,213 )     (59,927 )     (253,112 )     (214,974 ) \n Depreciation and amortization     (14,223 )     (15,432 )     (56,069 )     (57,768 ) \n Impairment of long-lived assets     —       (1,502 )     (13,782 )     (11,202 ) \n Restructuring charges     (3,047 )     (1,041 )     (13,986 )     (1,055 ) \n Operating (loss) income     (8,641 )     (25,754 )     141,536       122,092   \n Interest income     2,617       881       6,195       2,328   \n Interest expense     (9,090 )     (11,708 )     (39,962 )     (50,506 ) \n Loss on extinguishment of debt     —       (6,132 )     —       (6,132 ) \n Other income (expense), net     752       542       (793 )     (2,221 ) \n (Loss) income from operations before income taxes     (14,362 )     (42,171 )     106,976       65,561   \n Income tax benefit (expense)     4,377       14,994       (40,790 )     (28,130 ) \n Net (loss) income   $ (9,985 )   $ (27,177 )   $ 66,186     $ 37,431   \n                   \n (Loss) earnings per share attributable to MSG Entertainment’s stockholders:                 \n Basic   $ (0.21 )   $ (0.57 )   $ 1.39     $ 0.78   \n Diluted   $ (0.21 )   $ (0.57 )   $ 1.38     $ 0.77   \n                   \n Weighted-average number of common shares outstanding:                 \n Basic     47,483       47,611       47,460       48,031   \n Diluted     47,483       47,611       48,002       48,330   \n   \n\n\nMADISON SQUARE GARDEN ENTERTAINMENT CORP.\n\nADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO\n\nADJUSTED OPERATING INCOME (LOSS)\n\n(in thousands)\n\n(Unaudited)\n\nThe following is a description of the adjustments to operating (loss) income\nin arriving at adjusted operating income (loss) as described in this earnings\nrelease:\n\n\n * Depreciation and amortization. This adjustment eliminates depreciation and\namortization of property and equipment and intangible assets.\n\n * Impairment of long-lived assets. This adjustment eliminates the impairment of\nlong-lived assets, including right of use assets and related lease costs.\n\n * Share-based compensation. This adjustment eliminates the compensation expense\nrelating to restricted stock units, performance stock units and stock options\ngranted to employees and non-employee directors.\n\n * Restructuring charges. This adjustment eliminates costs related to termination\nbenefits provided to certain corporate executives and employees.\n\n * Merger, spin-off, and acquisition-related costs. This adjustment eliminates\ncosts related to mergers, spin-offs and acquisitions, including merger-related\nlitigation expenses.\n\n * Amortization for capitalized cloud computing arrangement costs. This\nadjustment eliminates amortization of capitalized cloud computing arrangement\ncosts.\n\n * Remeasurement of deferred compensation plan liabilities. This adjustment\neliminates the impact of gains and losses related to the remeasurement of\nliabilities under the executive deferred compensation plan.\n     Three Months Ended   Twelve Months Ended \n     June 30,   June 30, \n $ thousands   2026   2025   2026   2025 \n Operating (loss) income   $ (8,641 )   $ (25,754 )   $ 141,536   $ 122,092 \n Depreciation and amortization     14,223       15,432       56,069     57,768 \n Impairment of long-lived assets and related lease costs     862       1,502       16,878     11,202 \n Share-based compensation (excluding share-based compensation included in     8,476       5,860       32,495     27,694 \n restructuring charges) \n Restructuring charges     3,047       1,041       13,986     1,055 \n Merger, spin-off, and acquisition-related costs     —       113       —     1,474 \n Amortization of capitalized cloud computing arrangement costs     27       161       252     713 \n Remeasurement of deferred compensation plan liabilities     643       359       968     508 \n Adjusted operating income (loss)   $ 18,637     $ (1,286 )   $ 262,184   $ 222,506 \n   \n\n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n CONSOLIDATED BALANCE SHEETS (unaudited) \n (in thousands, except per share data) \n     June 30, \n     2026   2025 \n ASSETS         \n Current Assets:         \n Cash, cash equivalents and restricted cash   $ 294,158     $ 43,538   \n Accounts receivable, net     87,998       66,781   \n Related party receivables, current     28,132       22,487   \n Prepaid expenses and other current assets     111,859       104,326   \n Total current assets     522,147       237,132   \n Non-Current Assets:         \n Property and equipment, net     591,696       621,075   \n Right-of-use lease assets     448,892       484,544   \n Goodwill     69,041       69,041   \n Indefinite-lived intangible assets     63,801       63,801   \n Deferred tax assets, net     53,485       54,072   \n Other non-current assets     186,188       140,177   \n Total assets   $ 1,935,250     $ 1,669,842   \n LIABILITIES AND EQUITY (DEFICIT)         \n Current Liabilities:         \n Accounts payable, accrued and other current liabilities   $ 324,708     $ 184,360   \n Related party payables, current     63,978       23,830   \n Long-term debt, current     30,469       30,469   \n Operating lease liabilities, current     44,461       35,100   \n Deferred revenue     284,636       228,642   \n Total current liabilities     748,252       502,401   \n Non-Current Liabilities:         \n Long-term debt, net of deferred financing costs     540,334       568,780   \n Operating lease liabilities, non-current     560,101       566,484   \n Other non-current liabilities     40,782       45,477   \n Total liabilities     1,889,469       1,683,142   \n Commitments and contingencies         \n Equity (deficit):         \n Class A Common Stock ((a))     465       461   \n Class B Common Stock ((b))     69       69   \n Additional paid-in capital     61,885       44,843   \n Treasury stock at cost (6,106 and 5,483 shares as of June 30, 2026 and June     (205,204 )     (180,204 ) \n 30, 2025, respectively) \n Retained earnings     219,220       153,034   \n Accumulated other comprehensive loss     (30,654 )     (31,503 ) \n Total equity (deficit)     45,781       (13,300 ) \n Total liabilities and equity (deficit)   $ 1,935,250     $ 1,669,842   \n\n   \n (a) Class A common stock, $0.01 par value per share, 120,000 shares authorized; 46,545 and 46,076 shares issued as of June 30, 2026 and June 30, 2025, respectively. \n (b) Class B common stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued as of June 30, 2026 and June 30, 2025. \n\n \n MADISON SQUARE GARDEN ENTERTAINMENT CORP. \n SELECTED CASH FLOW INFORMATION \n (in thousands) \n (Unaudited) \n   \n     Twelve Months Ended \n     June 30, \n     2026   2025 \n Net cash provided by operating activities   $ 351,435     $ 115,297   \n Net cash used in investing activities     (29,786 )     (23,693 ) \n Net cash used in financing activities     (71,029 )     (81,621 ) \n Net increase in cash, cash equivalents and restricted cash     250,620       9,983   \n Cash, cash equivalents and restricted cash, beginning of period     43,538       33,555   \n Cash, cash equivalents and restricted cash, end of period   $ 294,158     $ 43,538   \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260812541021/en/\n(https://www.businesswire.com/news/home/20260812541021/en/)\n\nAri Danes, CFA\n\nSenior Vice President, Investor Relations, Financial Communications &\nTreasury\n\nMadison Square Garden Entertainment Corp.\n\n(212) 465-6072\n\nGrace Kaminer\n\nVice President, Investor Relations & Treasury\n\nMadison Square Garden Entertainment Corp.\n\n(212) 631-5076\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-12T11:30:00.479042486Z","server_sent_at_ms":1786534200479},"received_at":"2026-08-12T11:30:00.580Z","source_url":"https://www.businesswire.com/news/home/20260812541021/en/"},"analysis":{"id":"105546","press_release_id":"116556","analysis_json":{"industry":{"label":"Media & Entertainment","sector":"Communication Services"},"redFlags":[],"eventType":"earnings","narrative":"Madison Square Garden Entertainment reported fiscal 2026 revenue of $1.06 billion, up 13% year-over-year, with Adjusted Operating Income rising 18% to $262.2 million.\n\nThe full year was driven by robust demand for live entertainment, including 6.4 million guests across 960 events and a record-setting Christmas Spectacular.\n\nIn the fourth quarter, revenue jumped 27% to $196.3 million, and Adjusted Operating Income swung to a profit of $18.6 million from a loss in the prior year.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong FY26 results with 13% revenue growth and record live entertainment demand powering a double-digit increase in Adjusted Operating Income."},"keyFigures":{"eps":1.38,"revenue":1060784000,"guidance":"Confident in ability to drive solid growth in adjusted operating income in fiscal '27","revenueYoy":"13%","customDimensions":{"events":960,"guests":"6.4 million","net_income":66186000,"operating_income":141536000,"adjusted_operating_income":262184000}},"quotedText":"Today’s results reflect the strong demand we continue to see for our live entertainment offerings.","namedEntities":{"people":[{"name":"James L. 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Q4 revenue increased 27% YoY and Q4 Adjusted Operating Income swung from a loss to a profit, driven by robust live entertainment demand including a championship run for the Knicks and record Christmas Spectacular revenues."},"tickerRelevance":{"others":[],"primary":"MSGE"},"globalImportance":35,"audienceRelevance":45,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings beat","sectorWeight":"live entertainment","householdBrandBoost":"MSG / Knicks / Radio City"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Madison Square Garden Entertainment reported fiscal 2026 revenue of $1.06 billion, up 13% year-over-year, with Adjusted Operating Income rising 18% to $262.2 million.\n\nThe full year was driven by robust demand for live entertainment, including 6.4 million guests across 960 events and a record-setting Christmas Spectacular.\n\nIn the fourth quarter, revenue jumped 27% to $196.3 million, and Adjusted Operating Income swung to a profit of $18.6 million from a loss in the prior year.","key_figures":{"eps":1.38,"revenue":1060784000,"guidance":"Confident in ability to drive solid growth in adjusted operating income in fiscal '27","revenueYoy":"13%","customDimensions":{"events":960,"guests":"6.4 million","net_income":66186000,"operating_income":141536000,"adjusted_operating_income":262184000}},"named_entities":{"people":[{"name":"James L. 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