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Madison Square Garden Entertainment stock surges on Q3 earnings

Yahoo Finance

The Yahoo Finance Live team discusses the surge in Madison Square Garden Entertainment stock after the company's Q3 earnings report, its first earnings report as a standalone company, and the company's revenue.

Video Transcript

- There's another stock soaring, and that would be shares of Madison Square Garden Entertainment, up nearly 20% at the moment in today's trading session. This after posting its latest quarterly results. It marks the first quarter that MSG Entertainment is reporting as a standalone company after its spinoff from Sphere Entertainment. The company said revenue rose to $201.2 million. Operating income jumped 13% to $24.7 million. Earnings improved again to $0.42 a share. That was off swinging back from a loss of $0.08 a share last year. So you're seeing that stock solidly on the plus side.