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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
MSG Entertainment
MSG Entertainment (MSGE) investor relations material
MSG Entertainment Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary7 May, 2026
Executive summary
Fiscal Q3 2026 revenue reached $246.3 million, up 2% year-over-year, driven by strong concert demand, marketing partnerships, and a record-setting Christmas Spectacular run.
Over 1.4 million guests attended more than 165 events, with a year-over-year increase in concerts at The Garden, though theater concerts declined.
The Christmas Spectacular generated $195 million in revenue across 215 performances, with per-show ticketing revenue up year-over-year.
Completed spin-off from Sphere Entertainment Co. in April 2023, creating a pure-play live entertainment company operating five iconic venues.
Net income for the nine months ended March 31, 2026 rose 18% year-over-year to $76.2 million, with diluted EPS of $1.59.
Financial highlights
Q3 2026 revenue: $246.3 million (+2% YoY); nine-month revenue: $864.5 million (+10% YoY); fiscal 2025 revenue: $942.7 million.
Adjusted operating income for Q3 2026 was $46 million (down 20% YoY); nine-month AOI was $243.5 million (+9% YoY); fiscal 2025 AOI was $222.5 million.
Unrestricted cash and equivalents at March 31, 2026 were $323 million, up from $157 million sequentially.
Debt at quarter end was $587 million; net debt as of March 31, 2026 was $263 million; leverage ratio below 3.5x covenant limit.
Share repurchases totaled $25 million fiscal year to date, with $45 million remaining under buyback authorization.
Outlook and guidance
Management expects continued robust growth in revenue and adjusted operating income for fiscal 2026, with concert bookings and premium partnerships pacing ahead for fiscal 2027.
Fiscal 2027 concert bookings are pacing ahead, with record numbers anticipated at The Garden, including a 30-night Harry Styles residency.
Christmas Spectacular sales for 2026 are underway, with 230 shows on sale, up from 215 last year.
SG&A expense growth expected to normalize in the June quarter and into fiscal 2027.
Full cash taxpayer status starting in FY2026.
Sustainability of the 17% SG&A expense growth
Outlook for theater and Radio City event volume
Expected savings from the Q3 restructuring
Partial view of Summaries dataset, powered by Quartr API
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Latest events from MSG Entertainment
- FY25 revenue and Q2 profit surged on record events, strong demand, and capital returns.MSGE
Q2 202620 Apr 2026 - Annual meeting covers director elections, auditor ratification, and performance-based executive pay.MSGEProxy filing1 Apr 2026
- Virtual annual meeting to vote on directors, auditor, and executive pay, with board support.MSGEProxy filing1 Apr 2026
- Shareholders will vote on moving incorporation to Nevada, with the Dolan Family Group controlling the outcome.MSGEProxy filing1 Apr 2026
- Vote sought on Nevada redomestication for legal certainty and cost savings; Dolan family controls outcome.MSGEProxy filing1 Apr 2026
- Shareholders will vote virtually on redomestication to Nevada at the June 2025 special meeting.MSGEProxy filing1 Apr 2026
- Annual meeting covers board elections, auditor ratification, and say-on-pay, with Dolan family control.MSGEProxy filing1 Apr 2026
- Director elections, auditor ratification, and say-on-pay up for vote at the 2025 annual meeting.MSGEProxy filing1 Apr 2026
- Q1 2026 revenue up 14% to $158.3M, adjusted operating income rises, net loss widens.MSGEQ1 20261 Apr 2026
Next MSG Entertainment earnings date
Q4 202612 Aug, 2026
MSG Entertainment
Next MSG Entertainment earnings date
Q4 202612 Aug, 2026
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Eferix Drawings Google Play
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@ankurshah47_ x.com
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Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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