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More Concerts at ‘The World’s Most Famous Arena’ Boost MSGE Revenue to $246 Million

Billboard·Elizabeth Dilts Marshall·25 days ago
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Shows by Ricardo Arojna, FKA Twigs and Cardi B boosted quarterly concert revenue, but profits ultimately fell on higher expenses for MSGE's third fiscal quarter. NEW YORK, NEW YORK - MARCH 25: (Exclusive Coverage) Cardi B performs during her "Little Miss Drama" tour at Madison Square Garden on March 25, 2026 in New York City. (Photo by Arturo Holmes/Getty Images for Live Nation) Getty Images for Live Nation Trending on Billboard Madison Square Garden Entertainment reported on Thursday (May 7) revenue for its third fiscal quarter rose 2% to $246.3 million as The Garden hosted more concerts in the quarter, including from Cardi B , but profit fell 36% on higher event, suite licensing and healthcare costs. Related MSGE reported net income fell 36% to $5.1 million for the third fiscal quarter compared to last year. Operating income also fell to $16.1 million, a decrease of 41%, and adjusted operating income of $46.0 million was down 20% from the year-ago quarter.…

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