Madison Square Garden Entertainment (NYSE:MSGE) First Quarter 2023 Results
Key Financial Results
- Revenue: US$401.2m (up 36% from 1Q 2022).
- Net loss: US$44.8m (loss narrowed by 44% from 1Q 2022).
- US$1.30 loss per share (improved from US$2.32 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Madison Square Garden Entertainment Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US.
The company’s shares are down 2.4% from a week ago.
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Madison Square Garden Entertainment that you need to be mindful of.
Valuation is complex, but we’re helping make it simple.
Find out whether Madison Square Garden Entertainment is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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