Shows by Ricardo Arojna, FKA Twigs and Cardi B boosted quarterly concert revenue, but profits ultimately fell on higher expenses for MSGE's third fiscal quarter.

NEW YORK, NEW YORK - MARCH 25: (Exclusive Coverage) Cardi B performs during her "Little Miss Drama" tour at Madison Square Garden on March 25, 2026 in New York City. (Photo by Arturo Holmes/Getty Images for Live Nation) Getty Images for Live Nation

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Madison Square Garden Entertainment reported on Thursday (May 7) revenue for its third fiscal quarter rose 2% to $246.3 million as The Garden hosted more concerts in the quarter, including from Cardi B , but profit fell 36% on higher event, suite licensing and healthcare costs.

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MSGE reported net income fell 36% to $5.1 million for the third fiscal quarter compared to last year.…