Madison Square Garden's stock price has skyrocketed! What are future stock prices?

Japanese TV news often reports on Japanese players who are active in famous Western professional teams. Recently, American pro basketball player Yuki HachimuraMadison Square GardenThere were TV reports that they participated in the game at

　　This Madison Square Garden is located close to buildings such as Times Square and the Empire State Building in New York, and it can be said that it is a building that symbolizes New York.

　Image 1 below is a seat map for a basketball game.

According to the official website, when a game court is placed in the center of the building as shown aboveAccommodates approximately 20,000 peopleYou can do it. When concerts are held, a stage is set up at the end of the arena, so the capacity is slightly reduced.For music artists, performing a solo concert at this famous and high-capacity Madison Square Garden is a statusIt will be.

　At the place,The Madison Square Garden Entertainment company was founded in 1879That's it. This year is Meiji 12 according to the Japanese calendar, so the company is a long-established (shinise) company with a long tradition. However,The listing was on April 17 of last year, so it hasn't been a year since it was listed.(Source: Moomoo Securities)

　According to Madison Square Garden Entertainment's 8-K (Important Matters Report) released before the start of regular trading on 2/7 local time,Sales for the second quarter were $42.66 million, up 13.1% from the same period last yearIt became.Operating profit increased 21.1% to 137.42 million dollars. The operating margin increased to 34.1%. 31.9% year-on-year ratioIt was. Earnings per share (EPS, after dilution) was 2.59 dollars (1.88 dollars in the same period last year). (Source: Minkabu Infonoid)

　As aboveThe company's results for the second quarter of fiscal year 2024 (October-December) were increased sales and operating profitIt was, soStock prices have risenI did it. (image 2)

　Now let's take a look at Madison Square Garden Entertainment's operating revenue. The left side of image 3 below shows the company's earnings announced in June 2020, and over 66% was event-related revenue. The pie chart on the rightIt's 2023, and the details of earnings have changed drastically. Advertising revenue is 30% or more, and revenue from food, drink, and distribution is growing。

　In general, the entertainment industry is easily affected by the economy. That's whyCompanies that have created a system where relatively stable profits can be obtained by continuing to obtain relatively stable profits, such as subscription-based internet distribution, will continue to growI anticipate that.