Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q4 2024 Earnings Conference Call August 16, 2024 8:30 AM ET
Company Participants
Ari Danes - Senior Vice President, Investor Relations & Treasury
Mike Grau - Executive Vice President & Chief Financial Officer
Conference Call Participants
Peter Henderson - Bank of America
Stephen Laszczyk - Goldman Sachs
Cameron Mansson-Perrone - Morgan Stanley
Brandon Ross - LightShed
David Karnovsky - JP Morgan
Peter Supino - Wolfe Research
Operator
Good morning. Thank you for standing by and welcome to the Madison Square Garden Entertainment Fiscal 2024 Fourth Quarter and Year End Earnings Conference Call. I would now like to turn the call over to Ari Danes, Senior Vice President, Investor Relations and Treasury. Please go ahead.
Ari Danes
Thank you. Good morning and welcome to MSG Entertainment's fiscal 2024 fourth quarter and year end earnings conference call. On today's call, Mike Grau, our EVP and chief financial officer will provide an update on the company's operations and review our financial results for the quarter. After our prepared remarks, we will open up the call for questions. If you do not have a copy of today's earnings release, it is available in the investor section of our corporate website. Please take note of the following.
Today's discussion may contain forward-looking statements within the meaning of the Private Security Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call.
On pages four and five of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income or AOI, a non-GAAP financial measure.
And with that, I'll now turn the call over to Mike.
Mike Grau
Thank you, Ari, and good morning, everyone. Fiscal 2024 marked our first full year as a standalone live entertainment company with our results reflecting strong performance across our businesses, including bookings, the Christmas Spectacular production and our premium hospitality offerings.
In fact, the positive operating momentum we experienced throughout fiscal '24 led us to increase our guidance twice during the year. And with revenues of $959 million and adjusted operating income of $211.5 million, our full year results came in above the high end of our ranges.