Madison Square Garden Entertainment Corp. Earnings Per Share Disclosure
| Years Ended June 30, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Weighted-average shares (denominator): | ||||||||||||||||||||
| Weighted-average shares for basic EPS | 48,031 | 48,275 | 51,819 | |||||||||||||||||
| Dilutive effect of shares issuable under share-based compensation plans | 299 | 314 | 459 | |||||||||||||||||
| Weighted-average shares for diluted EPS | 48,330 | 48,589 | 52,278 | |||||||||||||||||
| Weighted-average anti-dilutive shares | 300 | 551 | 740 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 13, 2025 | Showing above |
| 2023 | Aug 18, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.