Professional
Added to YB: 2024-06-11
Pitch date: 2024-03-31
MSGE [bullish]
Madison Square Garden Entertainment Corp.
+39.45%
current return
Author Info
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Company Info
Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business.
Market Cap
$2.1B
Pitch Price
$39.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.96
P/E
62.73
EV/Sales
3.45
Sector
Entertainment
Category
value
Show full summary:
Ariel Fund Portfolio Holding: Madison Square Garden Entertainment Corp.
MSGE: Earnings beat on more concerts, strong Christmas Spectacular demand & higher per-event revs. FY24 guide raised for low-double-digit % event booking growth. Iconic venues (MSG, Radio City, Beacon, Chicago Theater) to benefit from live entertainment demand. Cash flow to aid deleveraging. Trades below PMV estimate.
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