Madison Square Garden Entertainment reported $772M of remaining performance obligations at 30 Sep 2026, up 24% from a year earlier and up 5% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.19.
Net new backlog added in the latest quarter: $40.2M.
Over the last twelve months it turned about 189% of its opening backlog into revenue (12-month conversion).
The company reports 50% of the backlog due within the first 21 months.
Customer prepayments (contract liabilities) cover 41.0% of the backlog.
Twelve-month book-to-bill: 1.13, i.e. 1.13 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +9 points — orders are running ahead of revenue.
By backlog size it ranks 264th among US filers the cockpit tracks.
Madison Square Garden Entertainment backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$772M
$1.19B
0.6 yrs
$317M
30 Jun 2026
$732M
$1.06B
0.7 yrs
$291M
31 Mar 2026
$586M
$1.09B
0.5 yrs
$294M
31 Dec 2025
$624M
$1.09B
0.6 yrs
$256M
30 Sep 2025
$621M
$1.03B
0.6 yrs
$293M
30 Jun 2025
$558M
$943M
0.6 yrs
$236M
31 Mar 2025
$578M
$1.04B
0.6 yrs
$238M
31 Dec 2024
$593M
$1.03B
0.6 yrs
$224M
30 Sep 2024
$601M
$1.02B
0.6 yrs
$271M
30 Jun 2024
$468M
$959M
0.5 yrs
$216M
31 Mar 2024
$493M
$921M
0.5 yrs
$251M
31 Dec 2023
$555M
$894M
0.6 yrs
$236M
Questions
What is Madison Square Garden Entertainment's backlog?
Madison Square Garden Entertainment reported $772M of remaining performance obligations at 30 Sep 2026, up 24% from a year earlier and up 5% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.19.
How fast does Madison Square Garden Entertainment's backlog turn into revenue?
Over the last twelve months Madison Square Garden Entertainment recognised revenue equal to about 189% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.