MSG Entertainment Revenue Down 94%, But Things Are Looking Up

Madison Square Garden Entertainment’s (MSGE) revenue in the three months ended Dec. 31 — its fiscal second quarter — was $23.1 million, down 94.1% from the $325.4 million posted in the period a year earlier, the company announced Friday (Feb. 12).
The quarter was the live music business’s third full quarter affected by shut-down orders that bought touring to a standstill. MSGE had just $46.5 million of revenues from April 1 to Dec. 31, 2020, down 94.1% year over year from