Madison Square Garden Entertainment reported a 74% decline in profit for its full fiscal year on Wednesday (Aug. 13), as the company struggled with fewer concerts at its iconic New York venue, the Garden, and the end of Billy Joel‘s decade-long residency.

MSG Entertainment’s reported net income, the profitability metric often called the bottom line, fell to $37.4 million for fiscal 2025 from $144.3 million in fiscal 2024, while total revenue declined 2% to $947.2 million. The company’s share price was down more than 10% at 2 p.m. ET.

Although MSG reported holding more than 975 concerts, family shows and sports events for around 6 million ticketholders across its five venues in fiscal 2025, MSG Entertainment CFO David Collins said the end of Joel’s MSG residency on July 25, 2024 — which had him playing the Garden once a month beginning in January 2014 — contributed to the year-over-year decline in concerts held at Madison Square Garden.

Including basketball and hockey games from the New York Knicks and Rangers, the Garden was in use only about 65% of the time, Collins said.

“We’re looking to get back on track for event growth in fiscal 2026,” said Collins, adding they are in “late planning stages” for a major new residency in 2026.

Breaking it down for the fourth quarter, revenue from entertainment offerings declined by 17% to $118.7 million. Fewer concerts in the quarter resulted in a $21.6 million decline in event-related revenues and contributed to an $8.3 million decline in food, beverage and merchandise revenues, which totaled $26.4 million in the fourth fiscal quarter. This was partially offset by $14.2 million in operating expense savings.

Additionally, there was a $2.4 million decline in revenue related to lower suite license fees because the Knicks and Rangers played fewer games at the Garden.

Operating income for the full fiscal year 2025 rose 9% to $122.1 million despite an operating loss of $25.8 million in the fourth quarter. Adjusted operating income for the full fiscal year 2025 rose 5% to $222.5 million, although the company reported a loss of $1.3 million in adjusted operating income in the fourth quarter.

In addition to Madison Square Garden, MSG Entertainment owns The Theater at Madison Square Garden and The Chicago Theatre, holds long-term leases on Radio City Music Hall and The Beacon Theatre, and oversees the Radio City Rockettes and their long-running holiday production, Christmas Spectacular.

Collins highlighted the Christmas Spectacular, which generated a record-high $172 million in revenue from the sale of 1.1 million tickets in fiscal 2025, as one of the company’s key levers to improve profitability in fiscal 2026. Collins said the number of tickets sold so far this year and revenue from those ticket sales are already ahead of this time last year, and the Rockettes will be performing 11 more shows this holiday season.

Concert ticket sales so far in the first fiscal quarter are tracking ahead of 2024, and 80% of available dates for booking the Garden in fiscal 2026 have been sold, Collins said. “We expect to grow the number of events at our venue this year,” he added.

Other factors that negatively impacted MSG Entertainment’s fiscal 2025 earnings included a $28 million income tax loss, compared to a $92 million income tax benefit in 2024, an $11.2 million loss on the impairment of long-lived assets and a $6 million loss on the extinguishment of debt.

The company bought back about $40 million of its stock during fiscal 2025 and can repurchase up to $70 million more in company stock.

Just days after partying it up with Bad Bunny in Puerto Rico, Austin Butler stopped by The Tonight Show Starring Jimmy Fallon on Tuesday (Aug. 14) to talk about his experience. 

“I’ve never been to Puerto Rico before. I fell in love with the culture. The food is insane. The water is so warm. The people are amazing, and we went to his show,” Butler — who was in town with director Darren Aronofsky to promote the upcoming Caught Stealing movie — told his host before getting into all the juicy details. 

“It’s insane — they love him. To see what he means to Puerto Rican culture, but also the actual show, how they structure it,” Butler says of Bad Bunny’s 30-day residency taking place at El Choli. “I thought we were going to be in the audience with everyone. Someone gave me an edible right before the show, and I thought it was a good idea at the time. Then it turns out we’re in a casita that’s basically the second stage … suddenly I’m on stage with Bad Bunny and the edible is working. It was wild.”

He explains that although videos of him in the casita went viral on social media, he tried to keep a low profile while enjoying the concert. 

“My brain is in two movies: I’m so proud of him and falling in love with Puerto Rican culture, and everyone is so sexy and amazing. The other part of me is like, ‘Don’t dance because you’ll take attention from him. This is his moment.’ So, my body is saying to hide, but the music is so good and in my bones at that time, that I ended up swaying my hips while crossing my arms.” 

Earlier in the interview, he talked about Bad Bunny’s character in Caught Stealing, set to hit theaters on Aug. 29.  

“I’ve seen him in Bullet Train and he was wonderful in that,” he shares. “[In Caught Stealing] he plays a Puerto Rican gangster. He’s tough, he has a red beard. He dyed his hair. He plays a guy named Colorado.”

Watch the interview below:

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.

When Hollister saw that its archived styles were gaining popularity on resale sites and apps such as TikTok and Instagram, the brand knew it had to take action.

For Hollister’s 25th anniversary, the retailer celebrated this milestone by relaunching some of its most iconic Y2K silhouettes so fans and followers won’t have to spend an arm and a leg on its vintage wears. No changes. No alterations. Just pure unadulterated Y2K nostalgia. The limited-edition launch is comprised of 22 women’s styles, including tees, dresses, hoodies and shorts, all priced between $14.95 and $49.95.

Tie-Back Henley Babydoll Top in Rose

Buy Now at hollister $29.95 $29.95

A pink babydoll top with long sleeves in pink.

---

Strapless Tie Waist Babydoll Top in Navy Blue

$24.95

Buy Now at hollister

A strapless babydoll top with a tie at the waist.

---

There are also items for the men — 16 pieces to be exact — including denim, tees, hoodies and shorts with prices ranging from $24.95 to $59.95. Sizing options range from XS to XXL. Whether you’re a die-hard fan of the brand or you’re just in the market for cute, vintage-inspired clothing, this capsule was meant for you.

“To celebrate our history, we wanted to bring back the styles that put Hollister on the map 25 years ago,” said Kelly Hall, svp merchandising & design, in a statement. “We’re excited to see how customers style these pieces today, years after their original debut.”

One of our favorite offerings is the Tie-Back Henley Babydoll Top. The style is reminiscent of pieces worn in shows such as Pretty Little Liars, The L Word and True Blood, accompanied by the perfect pair of straight-leg skinny jeans and Converse. You’ve got three colorways to choose from, Navy Blue, Heather Gray and, our favorite, Rose. The style encapsulates the obsession with preppy and girly aesthetics that exploded in the 2000s, a la the long skinny sleeves and the feminine flared hem. You can shop the top for $29.95 now. Retailing for $24.95, the Strapless Tie Waist Babydoll Top also creates the same effect, but with a more carefree, beachier vibe.

Button-Through Icon Shirt in Navy Blue Plaid

$39.95

Buy Now at hollister

A plaid flannel shirt in navy blue and white.

---

Waffle-Lined Logo Graphic Zip-Up Hoodie in Light Heather Gray

A graphic zip-up hoodie.

---

The men’s Waffle-Lined Newport Beach Graphic Zip-Up Hoodie is also a winner in our book. Just looking at it gives us flashbacks to back-to-school shopping in high school, clamoring to get the best outfits for our first day. The aforementioned hoodie retails for $59.95 and comes in a distressed Washed Navy and light heather gray. Both styles incorporate beach aesthetics and come with a hood, drawstrings, a zipper closure and front-facing pockets.

We also can’t forget to mention the very Aquamarine and Zoey 101 Button-Through Icon Shirt. An icon indeed, this plaid flannel was everywhere in the 2000s, becoming a pop-culture staple. Both the navy blue flannel and Cloud White offerings are equipped with button-up quarter-length sleeves, a collared neckline and Hollister’s ever-recognizable seagull logo fixed to the breast pocket. Both styles retail for $39.95 and would pair nicely with boot-cut jeans..

High-Rise Medium Wash Flare Jeans in Medium

$29 $49.95 42% off

Buy Now at hollister

Boot-cut jeans in a light wash.

---

Hermosa Dark Wash Relaxed Bootcut Jeans in Dark

$59.95

Buy Now at hollister

Dark wash boot-cut denim

---

Speaking of jeans, Hollister’s High-Rise Medium Wash Flare Jeans are a blast from the past. While we’ve become accustomed to looser denim silhouettes, the 2000s were all about skin-tight, low-rise and the popular boot-cut style. The flared hem on these pants creates shape, separating them from modern silhouettes.

We can envision these jeans worn with a lacy cami and ballet flats to really lean into those 2000s vibes. You can snag these jeans on sale now for $29. The men’s Hermosa Dark Wash Relaxed Bootcut Jeans also give the same effect for just $59.95. The look is carefree and tons of fun, especially when worn with a belt chain and flip-flops.

Radiohead are revisiting one of their most beloved albums, 2003’s electro-rock classic Hail to the Thief with a new live collection chronicling six years of performances of tracks from the Nigel Godrich-produced LP.

In an announcement on Wednesday (Aug. 13), the Thom Yorke-led group heralded the digital release of Hail to the Thief Live Recordings 2003-2009, a 12-track compilation that helped the band “re-evaluate their relationship with their 6th studio album.”

“In the process of thinking of how to build arrangements for the Shakespeare Hamlet/Hail To The Thief theatre production, I asked to hear some archive live recordings of the songs,” said Yorke in a statement about the Royal Shakespeare Company’s adaptation of the classic Shakespeare play cued to orchestrations by the band’s singer that ran in Manchester in April and May and at the Royal Shakespeare Theatre in Stratford-upon-Avon in June of this year.

“I was shocked by the kind of energy behind the way we played. I barely recognised us, and it helped me find a way forward,” Yorke said. “We decided to get these live recordings mixed and released (it would have been insane to keep them for ourselves). It has all been a very cathartic process. We very much hope you enjoy them.”

Available now to stream, fans can pre-order the one-off vinyl pressing in limited-edition red colorway from independent record stores or in black or cyan vinyl from the band’s online store; the vinyl is due out on Oct. 31, click here to pre-order. The album, mixed by Ben Baptie and mastered by Matt Colton, features performances recorded in Amsterdam, Buenos Aires, Dublin and London between 2003 and 2009.

Hail to the Thief debuted at No. 3 on the Billboard 200 album chart in June 2003 following a disruptive internet leak of the unfinished recordings two months before its initial release.

Check out the track list for Hail to the Thief Live Recordings 2003-2009 and a live 2009 performance video of “There, There” from Buenos Aires below.

Hail to the Thief Live Recordings 2003-2009 track list:

“2+ 2 +5”

“Sit Down. Stand Up”

“Sail to the Moon”

“Go to Sleep”

“Where I End and You Begin”

“We Suck Young Blood”

“The Gloaming”

“There, There”

“I Will”

“Myxomatosis”

“Scatterbrain”

“A Wolf at the Door”

King & Prince’s “What We Got ~Kiseki wa Kimi to~” hits No. 1 on the Billboard Japan Hot 100, debuting on the chart released Aug. 13.

The song is the title track off the duo’s 17th single, and is Mickey Mouse’s new theme song following the “Mickey Mouse March.” The Disney collab launched with 331,000 copies to top sales, while also ruling downloads and coming in at No. 3 for radio and No. 32 for video. The boy band logs its 15th No. 1 hit on the Japan Hot 100.

HANA’s “Blue Jeans” rises a notch to No. 2. While slowing down in all metrics including sales, streaming and downloads, the song continues to dominate streaming and video views for the fourth straight week.

At No. 3 is Boku ga Mitakatta Aozora’s “Shisen no Love Letter,” selling 101,372 copies in its first week to hit No. 2 for sales and coming in at No. 7 for radio.

HANA’s “ROSE” rises two spots from last week to come in at No. 4. The song gained points in radio while keeping the decreases in sales, downloads, video, karaoke, and streaming to a minimum.

Mrs. GREEN APPLE’s “KUSUSHIKI” holds at No. 5, and LiSA’s “Shine in the Cruel Night” falls 4-6.

back number’s “Maku ga agaru” jumps 37-7 this week. Released on July 31, the track is the theme song for the movie TOKYO MER the Movie: Nankai Mission, which hit domestic theaters on Aug. 1. Streaming is up to 182% and radio to 1,085% compared to the week before.

“TORICO,” the second single by Takanori Iwata after his move to Universal Music, debuts at No. 10. The single launched with 45,186 copies to come in at No. 3 for sales.

The Billboard Japan Hot 100 combines physical and digital sales, audio streams, radio airplay, video views and karaoke data.

See the full Billboard Japan Hot 100 chart, tallying the week from Aug. 4 to 10, here. For more on Japanese music and charts, visit Billboard Japan’s English X account.