From RTTNews:

Madison Square Garden Entertainment Corp. (MSGE) reported a second quarter net income of $125.3 million, up from $97.3 million last year. Earnings per share rose to $2.59 from $1.88. Revenues for the quarter were $402.7 million, a 13% increase from the prior year.

The company’s adjusted operating income for the quarter increased to $151.0 million from $126.3 million last year. This growth was primarily driven by an increase in revenues, offset by higher direct operating expenses and selling, general and administrative expenses.

Madison Square Garden Entertainment also raised its fiscal 2024 guidance, now expecting revenues of $930 million to $950 million, operating income of $95 million to $105 million, and adjusted operating income of $170 million to $180 million.

Shares of Madison Square Garden Entertainment are up 4% in pre-market trade on Wednesday. For more earnings news and information, visit rttnews.com.



Read more: Madison Square Garden Entertainment Q2 Net Income Rises; Revenues Up 13%