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MSG Entertainment Posts 13% Revenue Growth, Raises Full-Year Forecast
MSG Entertainment boosted the lower ends of its forecast ranges for revenue, operating income and adjusted operating income (AOI) on Thursday (May 9).
“Results for the prior year quarter are based on carve-out accounting and do not reflect all of the SG&A expenses we would have incurred,” he noted. “A strong, multi-night comedy schedule” helped the number of concerts increase by a double-digit percentage from the prior-year quarter, said Grau. A view of the exterior of the venue as The Foo Fighters reopen Madison Square Garden on June 20, 2021 in New York City.
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