News Formal

MSG Entertainment Earnings: Revenue Down 3% Without Harry Styles

  • 📰 billboard
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The company, which spun off in April, suffered a tough comparison to the prior-year quarter but has high expectations for the rest of 2023.

Madison Square Garden Entertainment had revenue of $142.2 million in the quarter ended Sept. 30, down 3% year over year, as it started its first full fiscal year as a standalone live entertainment company.from MSG’s Sphere and MSG Networks businesses in April, had lower event-related revenue and faced a tough comparison to the prior-year quarter.

“We’re currently on sale with more concerts at our venues than we were at this time last year for the second half of fiscal ’23,” said Byrnes, “and of those on-sales, a majority of those tickets are already sold, and sell-through on those shows is currently up high single-digit percentage as compared to the second half of fiscal ’23.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dish Stock Slides After Earnings, Revenue Miss. There’s Deal News Too.Dish posted a surprise third-quarter loss. The group is also selling its Puerto Rico and U.S. Virgin Islands assets.
Source: MarketWatch - 🏆 3. / 97 Read more »

Planet Fitness jumps on earnings, revenue beatPlanet Fitness jumps on earnings, revenue beat
Source: Investingcom - 🏆 450. / 53 Read more »

Reservoir Media Q2 Earnings: Revenue Up 15% on Streaming GainsThe company’s overall revenue grew 15% during its second fiscal quarter.
Source: billboard - 🏆 112. / 63 Read more »

Uber Stock Falls After Earnings. The Good—and Bad—in the Report.Uber posts third-quarter earnings of 10 cents a share on revenue of $9.29 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »

Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
Source: MarketWatch - 🏆 3. / 97 Read more »