Madison Square Garden Entertainment Corp.
(NYSE:MSGE) stock rose Wednesday after the live entertainment company reported better-than-expected fiscal fourth-quarter results.
Madison Square Garden Entertainment reported a loss of 21 cents per share, narrower than the 49-cent loss expected by analysts.
Revenue came in at $196.32 million, topping the $166.62 million estimate.
Fourth-quarter revenue rose 27% year over year from $154.14 million, driven by stronger entertainment, arena leasing and food and beverage sales.
