Madison Square Garden Entertainment Corp. reported financial results for the fourth quarter and fiscal year ended June 30, 2026. Fiscal 2026 revenues increased 13% to $1.1 billion, while operating income rose 16% to $141.5 million and adjusted operating income grew 18% to $262.2 million. The company welcomed approximately 6.4 million guests across nearly 960 events. In the fourth quarter, revenues surged 27% to $196.3 million, with an adjusted operating income of $18.6 million compared to a loss in the prior year period. Madison Square Garden Entertainment Corp. operates in the live entertainment industry, managing premier venues and producing shows.

Madison Square Garden Entertainment Corp. announced a non-binding memorandum of understanding with the Master Developer regarding the proposed redevelopment of Penn Station. The agreement contemplates the transfer of the Infosys Theater at MSG to the Master Developer, subject to further negotiation and execution of definitive documentation.