HIGHBuilt-inGeographic
New York City
“10-K Item 1A: 'The Company primarily operates in New York City and, as a result, is subject to greater degrees of risk than competitors with more operating properties or that operate in more markets.'”
MSGE · Concentration risk · 10-K extracted
Madison Square Garden Entertain (MSGE) concentration risks
Updated
The most significant concentration Madison Square Garden Entertain discloses is New York City, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Madison Square Garden Entertain’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inProduct / Revenue mix
18%
Christmas Spectacular
“10-K Item 1A: 'The financial results of our business are dependent on the Christmas Spectacular production, for which the 2024 production represented 18% of our revenues in Fiscal Year 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Madison Square Garden Entertainment's concentration risk profile centers on two structural exposures rather than counterparty dependencies. The company primarily operates in New York City, a high-share geographic concentration that leaves it more exposed to regional risks than competitors operating across multiple markets. On the content side, the Christmas Spectacular production accounted for 18% of revenues in fiscal year 2025, a low-share but still notable single-property dependence embedded in the business model. Both exposures are described as structural — tied to where and how the company generates revenue — rather than dependency on a specific counterparty that could unilaterally walk away. The geographic concentration is the more significant of the two by disclosed share, reflecting the fact that the company's asset base is rooted in one metropolitan market, while the Christmas Spectacular's contribution, though a smaller share of the top line, represents a single seasonal production whose performance could still move results in a given year. Together, these two exposures reinforce each other: a New York-specific shock, economic or otherwise, would likely also affect attendance and performance for the flagship show, compounding rather than diversifying the risk to overall results.
For the engine’s reasoning on MSGE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Entertainment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMC | AMC Entertainment Holdings, Inc | 2 | 0 | 0 | 2 |
| MSGE● | Madison Square Garden Entertain | 1 | 0 | 1 | 2 |
| AMCX | AMC Global Media Inc. | 0 | 2 | 0 | 2 |
| BATRA | Atlanta Braves Holdings, Inc. - | 0 | 1 | 0 | 1 |
| BATRK | Atlanta Braves Holdings, Inc. - | 0 | 1 | 0 | 1 |
| ANGX | Angel Studios, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.