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MSG Entertainment’s Revenue Jumps 13% on Record Number of Garden Shows
MSG Entertainment announced earnings, with revenue up 13% following a record number of shows from Billy Joel, Noah Kahan and others at The Garden.
“This reflects our efforts to increase venue utilization within the Knicks and Rangers playoff window, as well as our success in attracting acts that are headlining the Garden for the first time.” Grau said a higher number of shows in the coming fiscal year are expected to boost the company’s adjusted operating income by high-single to low double-digit percentage increase. Revenues from food, beverage and merchandise sales in the fourth fiscal quarter rose 48% to $34.7 million compared to the prior year period.
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