Square Garden Entertainment Corp. Madison stock holdings and net worth by SEC Form 4 filings Mar, 2024 (2024)

FAQs

What is the net worth of Madison Square Garden Entertainment Corporation? ›

MSGE has a market cap or net worth of $1.88 billion as of May 1, 2024. Its market cap has increased by 17.49% in one year.

The company was established in 2020 when The Madison Square Garden Company (now Madison Square Garden Sports) spun off its non-sports assets as an independent, publicly traded company. Madison Square Garden Entertainment Corp. New York City, New York, U.S.

Madison Square Garden Entertainment Corp.'s analyst rating consensus is a Moderate Buy. This is based on the ratings of 5 Wall Streets Analysts.

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Madison Square Garden net worth as of May 03, 2024 is $4.42B.

The statement was a line in the sand by Jim Dolan, the head of MSG Entertainment–which owns the Garden–and MSG Sports–which owns the Knicks and the Rangers, the two principal teams that play there. The company added that MSG Entertainment has “full ownership” or the arena.

Dolan has owned the Madison Square Garden Company since 1997 - his father, Charles, founded HBO and CableVision, so the Dolans' pockets have been plenty full for plenty of time.

The Vegas Sphere, previously known as the MSG Sphere, underwent a change in ownership in April 2023. It was originally part of Madison Square Garden Entertainment (MSGE), but the company split into two entities.

The Origins of a Legacy

The first Madison Square Garden was created in 1874 by renowned showman P.T. Barnum. Barnum had taken possession of the New York and Harlem Railroad Station. He converted the open air building, located at East 23rd and Madison, into an oval arena measuring 280 feet long.

According to Madison Square Garden's latest financial reports the company's current revenue (TTM ) is $0.89 B. In 2022 the company made a revenue of $0.87 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.

Why is Madison Square Garden so prestigious? ›

As the home of the New York Knicks, Rangers, professional boxing, college basketball and so much more, the Garden's most memorable sports events include the 1970 Knicks NBA Championship, the Rangers 1994 Stanley Cup Championship and “The Fight of the Century” between Muhammad Ali and Joe Frazier in 1971.

Originally called Madison Square Garden Center, the Garden opened on February 11, 1968, and is the oldest major sporting facility in the New York metropolitan area. It is the oldest arena in the NBA and the second-oldest in the NHL, ahead of Seattle's Climate Pledge Arena.

What percentage of net worth should be debt? Debt to net worth ratio of less than 100% is considered a good debt level. A higher percentage goes against common wisdom that suggests corporations should limit their debt below a certain amount, usually 30%.

Ideally, financial experts like to see a DTI of no more than 15 to 20 percent of your net income. For example, a family with a $250 car payment and $100 of monthly credit card payments, and $2,500 net income per month would have a DTI of 14 percent ($350/$2,500 = 0.14 or 14%).

To calculate your net worth, you subtract your total liabilities from your total assets. Total assets will include your investments, savings, cash deposits, and any equity that you have in a home, car, or other similar assets. Total liabilities would include any debt, such as student loans and credit card debt.

According to Madison Square Garden's latest financial reports the company's current revenue (TTM ) is $0.89 B. In 2022 the company made a revenue of $0.87 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.

James Lawrence Dolan (born May 11, 1955) is an American businessman, and the executive chairman and chief executive officer of Madison Square Garden Sports and Madison Square Garden Entertainment, and executive chairman of MSG Networks.

As a result of the positive momentum across its operations, the Company is increasing its fiscal 2024 guidance for revenues, operating income and adjusted operating income. The Company currently expects the following: Revenues of $930 million to $950 million. Operating income of $95 million to $105 million.

Dolan, who is executive chairman of the Madison Square Garden Company and its professional sports teams, the New York Knicks and New York Rangers, and Patrick Dolan, principal owner and publisher of Newsday. Charles Dolan's younger brother, Larry Dolan, and his nephew, Paul Dolan, own the Cleveland Guardians.