Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q1 2025 Earnings Conference Call November 8, 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
Brandon Ross - LightShed Partners
Peter Supino - Wolfe Research
Cameron Mansson-Perrone - Morgan Stanley
David Joyce - Seaport Research

Operator

Good morning. Thank you for standing by and welcome to the Madison Square Garden Entertainment Corp, Fiscal 2025 First Quarter 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 2025 first quarter 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 period.

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. With our new fiscal year underway, we expect our portfolio of assets and brands to continue benefiting from demand for shared experiences. In our bookings business, the Garden recently saw a record number of concerts for our fiscal first quarter. Last month, we welcomed back the Knicks and Rangers to the world's most famous arena for the start of their '24/'25 regular seasons. While later today, the Christmas Spectacular will kick off its 91st holiday season. Lastly, in our marketing partnership business, we recently announced a number of notable agreements, while we also remain encouraged by the level of corporate demand for our premium hospitality offerings.