Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Madison Square Garden missed earnings estimates despite strong revenue and event success, citing high expenses and a falling stock.
Madison Square Garden Entertainment reported Q2 2026 earnings of $1.94 per share, missing estimates by $0.39, despite $459.94 million in revenue—12.9% higher year-over-year and above the $448.21 million consensus.
Strong results were driven by a record-breaking Christmas Spectacular and a 30-night Harry Styles residency, while adjusted operating income rose 16%.
However, net margin was 3.65% and return on equity was negative due to elevated SG&A expenses from nonrecurring charges.
The stock fell 2.5% to $60.42 amid mixed analyst reactions, with a high P/E ratio of 86.32.
Strategic partnerships with Anheuser-Busch and Infosys, along with improved sponsorship sales, signal long-term growth potential.
Madison Square Garden no cumplió con las estimaciones de ganancias a pesar de los fuertes ingresos y el éxito del evento, citando altos gastos y una caída de las acciones.