Madison Square Garden Entertainment Corp (NYSE:MSGE) stock slid on Tuesday after it reported its fiscal second-quarter 2026 results.
Record-Breaking Christmas Spectacular Performance
The quarterly revenue rose by 13% year-on-year (Y/Y) to $459.94 million, topping the analyst consensus estimate of $450.94 million.
In the second quarter of fiscal 2026, the company celebrated a record-breaking run for its Christmas Spectacular production.
During its 92nd holiday season, which concluded in January, over 1.2 million tickets were sold across 215 paid performances, marking the highest attendance in 25 years.
This compares to approximately 1.1 million tickets sold across 200 shows in the previous season.
The quarter also saw a busy schedule of events, with an increase in bookings compared to the same period last year, alongside the …