Sphere Entertainment Co

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Sphere Entertainment reports mixed Q3 results, highlights Vegas success

Sphere Entertainment reported mixed financial results with total revenues of $118 million but an adjusted operating loss of $57.9 million. The successful opening of Sphere in Las Vegas and the positive reception of the Sphere experience indicate strong potential for revenue generation. However, the significant operating loss for the Sphere segment and the resignation of the CFO present challenges that need to be addressed. Despite challenges, there are opportunities for revenue growth through expansion and new content iterations for Sphere, as well as audience engagement through the launch of MSP+ by MSG Networks.

Sphere Entertainment Co reports mixed Q4 results, highlights venue innovations

Sphere Entertainment Co faces challenges with profitability despite strong revenue figures. The company's strengths lie in its innovative venue in Las Vegas and the promising Exosphere advertising platform. Opportunities exist in leveraging the unique business model and expanding content offerings.

Sphere Entertainment Co reports mixed Q1 results, focuses on growth

Sphere Entertainment Co faces financial challenges with a significant operating loss, while MSG Networks show positive revenue growth. The successful launch of Sphere in Las Vegas and the new streaming service by MSG Networks demonstrate strengths in attracting audiences and adapting to changing market trends. Addressing leadership stability and financial performance will be crucial for Sphere's future success.

Sphere Entertainment Co reports strong Q2 performance and explores international expansion

Sphere Entertainment Co's strong performance in Las Vegas and positive adjusted operating income highlight its growth potential and market appeal.
Challenges in MSG Networks require strategic adjustments, while opportunities in international expansion and revenue optimization offer avenues for future growth.
The earnings call emphasized the importance of refining business models, addressing challenges, and capitalizing on opportunities for sustained success.

Sphere Entertainment Co reports strong Q3 performance and expansion plans

Sphere Entertainment Co's Q3 2024 performance reflects strong revenue and operational success in Las Vegas.
While challenges like subscriber decrease at MSG Networks exist, opportunities in international expansion and technology advancements are promising.
Strategic priorities for fiscal '25 include construction of a second Sphere and enhancing operational efficiency for future growth.

Sphere Entertainment Co reports solid Q4 earnings amidst operational challenges

Sphere Entertainment Co delivered a solid financial performance in Q4 2024, with strong revenues and operational improvements in certain segments.
While facing challenges such as AOI losses and debt levels, the company maintains a strong market presence and financial position.
Exploring growth opportunities through international expansion, content enhancements, and strategic refinancing could drive future success for Sphere Entertainment Co.

Sphere Entertainment Co reports Q1 losses but eyes global expansion

Sphere Entertainment Co faces challenges with operating losses but shows strengths in global expansion and event success, presenting growth opportunities.
Maintaining a strong liquidity position is a key strength, while addressing revenue declines and refinancing challenges are critical for future success.
Clear communication and strategic direction are essential to overcome challenges and capitalize on growth opportunities in the entertainment industry.
Overall, Sphere Entertainment Co's performance reflects a mix of strengths, challenges, and opportunities that require strategic management and financial focus.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sphere Entertainment Co. engages in the provision of live entertainment and media services. It operates through the following segments: Entertainment, MSG Networks, and Other. The Entertainment segment is involved in the bookings business, which features a variety of live entertainment and sports experiences. The MSG Networks segment delivers a range of live sports content, entertainment networks, and other programming. The company was founded in 2010 and is headquartered in New York, NY.

Sphere Entertainment Co. (NYSE:SPHR ) Q1 2025 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications & Treasury James Dolan - Executive Chairman & CEO David Byrnes - EVP, CFO & Treasurer David Granville-Smith - EVP Conference Call Participants Brandon Ross - Lateshed David Karnovsky - JPMorgan Peter Supino - Wolfe Research Daniel Duran - Morgan Stanley Peter Anderson - Bank of America Merrill Lynch David Joyce - Seaport Research Partners Operator Good morning, and thank you for standing by. Welcome to the Sphere Entertainment Company Fiscal 2025 First Quarter Earnings Conference Call.

Sphere Entertainment Co. (SPHR) Q1 2025 Earnings Call Transcript

Sphere Entertainment (SPHR) came out with a quarterly loss of $2.95 per share versus the Zacks Consensus Estimate of a loss of $3.32. This compares to earnings of $1.90 per share a year ago.

Sphere Entertainment (SPHR) Reports Q1 Loss, Lags Revenue Estimates

NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2024. Recent Sphere operating highlights include: In October, the Company and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced plans to make Abu Dhabi the next Sphere location under a franchise model; The Company announced new multi-year marketing partnerships with Verizon and DCT Abu Dhabi; V-U2 An Immersive Concert Film debuted in September, joining Postcard from Earth as the second Sphere Experience; The Eagles are in the midst of a 28-show residency, which has been extended multiple times due to demand; In September, Sphere hosted its first live sports event – UFC 306 – which became the highest single grossing event at the venue so far; and Delta Air Lines recently announced it will hold a keynote presentation at Sphere in Las Vegas during the Consumer Electronics Show in January 2025.

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2025 FIRST QUARTER RESULTS

NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2024 on Tuesday, November 12, 2024 at 10:00 a.m. Eastern Time.

Sphere Entertainment Co. to Host Fiscal 2025 First Quarter Conference Call

Sphere Entertainment (SPHR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sphere Entertainment (SPHR) Expected to Beat Earnings Estimates: Should You Buy?

NEW YORK and ABU DHABI, UAE, Oct. 15, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced today that they will work together to bring the world's second Sphere to Abu Dhabi, United Arab Emirates. This next-generation entertainment medium is expected to be a landmark addition to this premier international capital city, elevating the entertainment offerings for residents and visitors alike.

SPHERE ENTERTAINMENT AND THE DEPARTMENT OF CULTURE AND TOURISM - ABU DHABI ANNOUNCE PLANS TO MAKE ABU DHABI NEXT SPHERE VENUE LOCATION

Sphere Entertainment (SPHR) stock fell Tuesday morning after announcing the unexpected departure of Chief Financial Officer (CFO) David Byrnes, who "will continue in his current role for an interim period to facilitate a smooth transition."

Sphere Entertainment Stock Tumbles on Unexpected CFO Departure

NEW YORK , Oct. 8, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") announced today that Mr. David F. Byrnes, the Company's Executive Vice President, Chief Financial Officer and Treasurer, will be leaving the Company.

SPHERE ENTERTAINMENT ANNOUNCES EVP, CFO AND TREASURER, DAVID BYRNES, WILL BE LEAVING THE COMPANY

Madison Square Garden Entertainment

Madison Square Garden Sports

Verizon

New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE: SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE: VZ), naming America's leading telecommunications company the Official Mobile Wireless Partner across the MSG Family of Companies. This first-of-its-kind integrated marketing partnership provides exposure for Verizon across the MSG Family of Companies' portfolio of premier sports and entertainment assets, which includes New York's Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, Beacon Theatre; The Chicago Theatre; Sphere in Las Vegas; the New York Knicks, New York Rangers and Westchester Knicks professional sports franchises; the Christmas Spectacular Starring the Radio City Rockettes; and MSG Networks.

THE MSG FAMILY OF COMPANIES AND VERIZON EXPAND PARTNERSHIP, NAMING VERIZON THE OFFICIAL MOBILE WIRELESS PARTNER ACROSS THE COMPANIES' PORTFOLIO

Shares of Sphere Entertainment Co (SPHR, Financial) surged 4.96% in mid-day trading on Oct 2. The stock reached an intraday high of $46.60, before settling at $46.02, up from its previous close of $43.84.

Sphere Entertainment Co (SPHR) Shares Up 4.96% on Oct 2

TKO Group Holdings Inc

LAS VEGAS--(BUSINESS WIRE)--UFC®, part of TKO Group Holdings (NYSE: TKO), and Sphere Entertainment Co. (NYSE: SPHR) today announced that UFC 306 at RIYADH SEASON NOCHE UFC held on September 14 at Sphere in Las Vegas set a number of records, including highest-grossing UFC event of all time and highest-grossing single event at Sphere, with a gate of $22 million and a sold out crowd of 16,024. UFC 306 AT SPHERE LIVE EVENT RECORDS AND HIGHLIGHTS: Highest-grossing UFC event ever ($22 million), besti.

UFC 306 at Sphere Sets Record for Highest-Grossing Event in UFC History and Highest-Grossing Single Event at Sphere

Sphere Entertainment Co SPHR, the company behind the Las Vegas Sphere, has high production costs and scalability issues.

Cash Out Of Sphere Entertainment, Profitability Outlook 'Underwhelming,' Says Bearish Analyst

Shares of Sphere Entertainment Co. are down 3.5% in premarket trade Tuesday after the entertainment and media company received a downgrade from Benchmark.

Sphere stock falls after Benchmark downgrade

The Las Vegas Sphere has captured the hearts of music, movie and sports fans since opening in 2023.

Sphere Entertainment Upgraded On 'Proven Out' Model: Global Franchise Potential Not Yet Priced In

Sphere Entertainment grew revenue at its Las Vegas location from near zero to $150 million in just one quarter. The consolidated company is unprofitable but trending in the right direction.

Sphere Entertainment Stock Soared This Week. Here's Why.

Shares of Sphere Entertainment Co. were up 4.8% Friday, lifted by the Las Vegas entertainment venue's fourth-quarter results and a J.P. Morgan upgrade.

Sphere's stock climbs after upgrade from J.P. Morgan

Sphere Entertainment Co. (NYSE:SPHR ) Q4 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Jim Dolan - Executive Chairman, Chief Executive Officer Dave Byrnes - Executive Vice President, Chief Financial Officer, Treasurer Ari Danes - Investor Relations Conference Call Participants Brandon Ross - LightShed Partners Peter Henderson - Bank of America David Karnovsky - JP Morgan Peter Supino - Wolfe Research David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by, and welcome to the Sphere Entertainment Fiscal 2024 Fourth Quarter and Year End Earnings Conference Call.

Sphere Entertainment Co. (SPHR) Q4 2024 Earnings Call Transcript

Sphere Entertainment (SPHR) shares are rocking Wednesday after the iconic Las Vegas venue owner posted a narrower-than-expected loss in its fiscal fourth quarter.

Sphere Entertainment Grateful for Dead & Co. Residency

Sphere Entertainment (SPHR) came out with a quarterly loss of $2 per share versus the Zacks Consensus Estimate of a loss of $2.47. This compares to earnings of $10.21 per share a year ago.

Sphere Entertainment (SPHR) Reports Q4 Loss, Tops Revenue Estimates

NEW YORK , Aug. 14, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024.  Recent Sphere highlights include: Dead & Co. completed a successful 30-show residency in early August, while the Eagles residency begins in September and is slated for 20 shows after multiple extensions due to demand; Afterlife presents Anyma 'The End Of Genesys' will be the first electronic dance music performances at the venue with 6 shows starting in late December; The Sphere Experience featuring Postcard from Earth generated over one million dollars in average daily ticket sales on the days it ran during the fiscal fourth quarter; In June, Sphere hosted its first corporate keynote event with Hewlett Packard Enterprise, as well as the NHL Draft, which was the first live television event broadcast from Sphere; and In September, Sphere will host UFC 306, the first live sports event at the venue.

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS

NEW YORK , Aug. 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Wednesday, August 14, 2024 at 10:00 a.m. Eastern Time.

Sphere Entertainment Co. to Host Fiscal 2024 Fourth Quarter and Year-End Conference Call

Citadel's stake in Sphere Entertainment rose from 1.6% to 5.3%, according to SEC filings released on Monday.

Ken Griffin's Citadel boosts stake in James Dolan's Sphere weeks after Steve Cohen's investment

One of Wall Street's heaviest hitters has confirmed a sizable investment in Sphere Entertainment (NYSE: SPHR ). Ken Griffin, founder and CEO of Citadel Securities, had previously held a 1.5% in the entertainment company.

Ken Griffin Is Upping His Bet on Sphere Entertainment (SPHR) Stock

Sphere Entertainment opened a new MSG Entertainment Sphere in Las Vegas, offering immersive experiences and revenue generation through live events and content creation. The company's stock market movement is positive, with potential expansion plans in London and other locations, making it a suitable investment portfolio. Sphere's business strategy focuses on premier immersive content creation, partnerships, and revenue diversification to establish itself as a must-visit destination for live entertainment.

Sphere Entertainment: Potentials To Be Realized With The Next-Generation Venue

Sphere Entertainment's recent earnings reports have clarified the venue's robust performance and growth potential, including sold out events and significant daily ticket sales. The company reported $321.3 million in revenues and an improving environment around operating loss, showcasing positive adjusted operating income in the sphere segment, highlighting its disruptive potential in the venue. With limited downside risk supported by the tangible asset value and conservative financial projections, Sphere Entertainment presents an attractive risk/reward profile.

News for Sphere Entertainment Co Stock (SPHR)