Huya vs Madison Square Garden Entertainment
Madison Square Garden Entertainment is the larger business, with $1.06bn of revenue in fiscal 2026 against $905m for Huya (1.2 times as much). Madison Square Garden Entertainment grew faster (12.5% against 7.1%). Madison Square Garden Entertainment kept more of each dollar of sales as profit: a net margin of 6.2% against -1.7%. Huya carries less debt relative to equity (0.0% against 1246.8%).
| Latest fiscal year | HuyaHUYA, 2025 | Madison Square Garden EntertainmentMSGE, 2026 |
|---|---|---|
| Revenue | $905m | $1.06bn |
| Revenue growth | 7.1% | 12.5% |
| Net income | −$15.7m | $66.2m |
| Operating margin | -2.5% | 13.3% |
| Net margin | -1.7% | 6.2% |
| Return on equity | -1.8% | — |
| Free cash flow | −$47.9m | — |
| Cash | $99.0m | $294m |
| Total debt | $0 | $571m |
| Debt to equity | 0.0% | 1246.8% |
| Dividend per share | — | — |
| Dividend yield | 72.8% | — |
| Share buybacks | $12.6m | $25.0m |
| Employees | — | — |
| Market value | $461m | $3.90bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 2 sales |