Profits rose 16% on strong ticket sales and a doubling of concerts at the Garden between April and June.
A general view of the atmosphere outside Madison Square Garden on July 3, 2026, in New York City. New York City approved permits for a large event at the venue amid speculation that Taylor Swift and Travis Kelce are celebrating their wedding there.
Stephanie Augello/Penske Media
What do Lady Gaga, New York Knicks point guard Jalen Brunson and Radio City’s Christmas Spectacular have in common? They helped make fiscal 2026 a record year for ticket sales for Madison Square Garden Entertainment’s (MSGE) live events, boosting profitability by 16%, the company reported on Wednesday (Aug. 12).
MSGE’s operating income, which measures profit minus expenses, rose 16% to $141.5 million, while adjusted operating income surged 18% to $262.2 million on substantial ticket sales for the company’s fiscal year ending June 30. Net income for the full year totaled $66.2 million, with diluted earnings per share (EPS) expanding to $1.38, compared to $0.77 in the previous fiscal year.
