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Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company’s portfolio includes a collection of world-renowned venues - New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.
2022
6.7K+
LTM Revenue $956M
LTM EBITDA $196M
$2.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
MSG Entertainment has a last 12-month revenue of $956M and a last 12-month EBITDA of $196M.
In the most recent fiscal year, MSG Entertainment achieved revenue of $959M and an EBITDA of $164M.
MSG Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
See MSG Entertainment valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $851M | $959M | XXX | XXX | XXX |
| Gross Profit | $234M | $352M | XXX | XXX | XXX |
| Gross Margin | 27% | 37% | XXX | XXX | XXX |
| EBITDA | $190M | $164M | XXX | XXX | XXX |
| EBITDA Margin | 22% | 17% | XXX | XXX | XXX |
| Net Profit | -$200M | $76.6M | XXX | XXX | XXX |
| Net Margin | -23% | 8% | XXX | XXX | XXX |
| Net Debt | $606M | $570M | XXX | XXX | XXX |
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As of March 14, 2025, MSG Entertainment's stock price is $31.
MSG Entertainment has current market cap of $1.5B, and EV of $2.5B.
See MSG Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.5B | $1.5B | XXX | XXX | XXX | XXX | $1.65 |
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Sign UpAs of March 14, 2025, MSG Entertainment has market cap of $1.5B and EV of $2.5B.
MSG Entertainment's trades at 2.7x LTM EV/Revenue multiple, and 13.0x LTM EBITDA.
Analysts estimate MSG Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for MSG Entertainment and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $2.5B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 13.8x | XXX | XXX | XXX |
| P/E | 15.2x | XXX | XXX | XXX |
| P/E/Growth | -6.0x | XXX | XXX | XXX |
| EV/FCF | 26.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMSG Entertainment's NTM/LTM revenue growth is 4%
MSG Entertainment's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $39K for the same period.
Over next 12 months, MSG Entertainment's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate MSG Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for MSG Entertainment and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -14% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 23% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $39K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 27% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Grand Prix International | XXX | XXX | XXX | XXX | XXX | XXX |
| Miss Grand International | XXX | XXX | XXX | XXX | XXX | XXX |
| Parken Sport | XXX | XXX | XXX | XXX | XXX | XXX |
| CTS Eventim | XXX | XXX | XXX | XXX | XXX | XXX |
| Highlight Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MSG Entertainment acquired XXX companies to date.
Last acquisition by MSG Entertainment was XXXXXXXX, XXXXX XXXXX XXXXXX . MSG Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was MSG Entertainment founded? | MSG Entertainment was founded in 2022. |
| Where is MSG Entertainment headquartered? | MSG Entertainment is headquartered in United States of America. |
| How many employees does MSG Entertainment have? | As of today, MSG Entertainment has 6.7K+ employees. |
| Who is the CEO of MSG Entertainment? | MSG Entertainment's CEO is Mr. James L. Dolan. |
| Is MSG Entertainment publicy listed? | Yes, MSG Entertainment is a public company listed on NYS. |
| What is the stock symbol of MSG Entertainment? | MSG Entertainment trades under MSGE ticker. |
| When did MSG Entertainment go public? | MSG Entertainment went public in 2023. |
| Who are competitors of MSG Entertainment? | Similar companies to MSG Entertainment include e.g. Grand Prix International, Miss Grand International, Parken Sport, CTS Eventim. |
| What is the current market cap of MSG Entertainment? | MSG Entertainment's current market cap is $1.5B |
| What is the current revenue of MSG Entertainment? | MSG Entertainment's last 12-month revenue is $956M. |
| What is the current EBITDA of MSG Entertainment? | MSG Entertainment's last 12-month EBITDA is $196M. |
| What is the current EV/Revenue multiple of MSG Entertainment? | Current revenue multiple of MSG Entertainment is 2.7x. |
| What is the current EV/EBITDA multiple of MSG Entertainment? | Current EBITDA multiple of MSG Entertainment is 13.0x. |
| What is the current revenue growth of MSG Entertainment? | MSG Entertainment revenue growth between 2023 and 2024 was 13%. |
| Is MSG Entertainment profitable? | Yes, MSG Entertainment is EBITDA-positive (as of the last 12 months). |
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