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 (NYSE: SPHR ) stock investors are excited on Wednesday after billionaire Steve Cohen took a large stake in the live entertainment event company's shares. Steve Cohen's Point72 Asset Management, L.P.

Billionaire Steve Cohen Just Took a 5.5% Stake in Sphere Entertainment (SPHR) Stock

Fourth Of July Show And "XO Stream" To Be Presented By Verizon PRE-SHOW PROGRAMMING TO HONOR LAS VEGAS-BASED STUDENT   ARTISTS LAS VEGAS , June 20, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that Sphere will celebrate the one-year anniversary of the Exosphere's first illumination on July 4 th with an all-new Exosphere content and audio experience – the "Sphere Fourth of July Celebration" presented by Verizon. The Sphere Fourth of July Celebration will also mark the launch of two new features of the Exosphere experience moving forward: "XO Stream" presented by Verizon – an official livestream of the Exosphere that will be available 24/7 on thesphere.com, and "XO Audio" – custom audio synced to content on the Exosphere that will be audible both onsite within Sphere's property and online via "XO Stream.

SPHERE TO CELEBRATE ONE-YEAR ANNIVERSARY OF THE EXOSPHERE'S ILLUMINATION WITH DAZZLING FOURTH OF JULY EXOSPHERE SHOW AND LAUNCH OF "XO STREAM" AND "XO AUDIO"

BURBANK, Calif. , June 13, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Carolyn Blackwood, a respected leader with more than 25 years of experience in the media and entertainment industry, has joined the Company as Head of Sphere Studios – the immersive content studio dedicated to developing multi-sensory entertainment experiences exclusively for Sphere, a next-generation entertainment medium that opened its first venue in Las Vegas in September 2023.

SPHERE ENTERTAINMENT NAMES CAROLYN BLACKWOOD HEAD OF SPHERE STUDIOS

LAS VEGAS , June 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Ms. Koester most recently served as the Company's President, Sphere Business Operations, where she has played a critical role in leading the strategy and execution of all business aspects of Sphere, a next-generation entertainment medium in Las Vegas.

SPHERE ENTERTAINMENT EXPANDS JENNIFER KOESTER'S ROLE TO PRESIDENT AND CHIEF OPERATING OFFICER, SPHERE

VOTING PUBLIC WILL SELECT FOUR LAS VEGAS-BASED STUDENT WINNERS  TO HAVE THEIR ART DISPLAYED ON THE VENUE'S EXTERIOR LAS VEGAS , May 22, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that public voting is now open in the Sphere XO Student Design Challenge. This marks two noteworthy firsts for the venue – both the first time the general public will have a say in what appears on the Exosphere, and the first time members of the general public have created art for the exterior of the venue, which, as part of the Challenge, is inspired by the 4th of July.

VOTE NOW! Sphere XO Student Design Challenge Marks The First Time The Public Will Choose What Appears On The Exosphere

Acquisition Expands Sphere Entertainment's Capabilities And Enables Further Innovation Across Immersive Experiences And 3D Audio Technology NEW YORK and BERLIN , May 13, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") today announced that it has acquired all of the remaining shares it did not previously own of HOLOPLOT GmbH ("HOLOPLOT"), a global leader in 3D audio technology. Sphere Entertainment made its first investment into HOLOPLOT in 2018 when the two companies partnered to develop Sphere Immersive Sound, powered by HOLOPLOT, which revolutionized the live audio experience when Sphere opened in Las Vegas in September 2023.

SPHERE ENTERTAINMENT ACQUIRES HOLOPLOT

Sphere Entertainment Co. (NYSE:SPHR ) Q3 2024 Earnings Conference Call May 10, 2024 10:00 AM ET Company Participants Ari Danes - Investor Relations James Dolan - Executive Chairman and Chief Executive Officer David Byrnes - Executive Vice President, Chief Financial Officer and Treasurer Andrea Greenberg - President and Chief Executive Officer, MSG Networks Conference Call Participants Brandon Ross - LightShed Peter Henderson - Bank of America Benjamin Swinburne - Morgan Stanley David Karnovsky - JPMorgan Logan Angress - Wolfe Research David Joyce - Seaport Global Paul Golding - Macquarie Capital Operator Hello and thank you for standing by. My name is Regina and I will be your conference operator today.

Sphere Entertainment Co. (SPHR) Q3 2024 Earnings Call Transcript

Sphere Entertainment (SPHR) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $1.08 per share a year ago.

Sphere Entertainment (SPHR) Reports Q3 Loss, Misses Revenue Estimates

NEW YORK , May 10, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2024. Recent Sphere highlights include: The conclusion of U2's sold-out 40-show run in March and Phish's sold-out 4-night run in April; Dead & Co.'s extension of its upcoming residency from 18 to 24 shows due to strong ticket demand; 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 third quarter; Sphere's Exosphere featured campaigns from numerous global brands during the quarter, and generated a record-setting week of advertising revenue around the Super Bowl in February; and Sphere announced that in June it will host both its first corporate keynote event with Hewlett Packard Enterprise, as well as this year's NHL Draft.

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 THIRD QUARTER RESULTS

Sphere Entertainment (SPHR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Sphere Entertainment (SPHR)

NEW YORK , May 3, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2024 on Friday, May 10, 2024 at 10:00 a.m. Eastern Time.

Sphere Entertainment Co. to Host Fiscal 2024 Third 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: What to Know Ahead of Q3 Release

Sphere Entertainment Co. was downgraded from buy to neutral by Seaport Research Partners Monday, pointing to a “potentially softer” next couple of quarters for the Las Vegas entertainment venue.

It's time for Sphere shares to ‘take a breather' says Seaport, downgrading the entertainment venue's stock

Allegion

Keurig Dr Pepper Inc

Marpai

Snowflake

Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.

The 5 Hottest CEO Stock Purchases So Far This Year

Keynote Address From Hewlett Packard Enterprise President and CEO Will Take Place During  HPE Discover 2024 in June LAS VEGAS , March 20, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Sphere will host its first keynote event, showcasing how the next-generation venue can leverage its full technical capabilities and unique offerings to create an experience for global brands unlike anything anywhere else in the world. The keynote address from Hewlett Packard Enterprise (HPE) President and Chief Executive Officer, Antonio Neri, will take place at the venue on June 18 as part of HPE Discover 2024.

SPHERE ANNOUNCES FIRST KEYNOTE EVENT WITH HEWLETT PACKARD ENTERPRISE - NEXT-GENERATION VENUE POISED TO REDEFINE BRAND STORYTELLING AND KEYNOTE CATEGORY

Challenge Open Exclusively to More Than 100,000 Students Ranging from Elementary School through College from the Clark County School District and UNLV Eight Clark County-Based Student Winners Will be Chosen Through a Combination of  General Public Voting and Selection by Professional Artists including Refik Anadol and Michela Picchi LAS VEGAS , March 14, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced the inaugural Sphere XO Student Design Challenge – a first-of-its-kind partnership with the greater Las Vegas community that for the very first time, gives select members of the general public the opportunity to see their art featured on the Exosphere. The Sphere XO Student Design Challenge is a collaboration between Sphere and the Clark County School District (CCSD) and University of Nevada, Las Vegas (UNLV) that will provide more than 100,000 Clark County-based students with an unprecedented opportunity to create art for the Exosphere.

SPHERE LAUNCHES "SPHERE XO STUDENT DESIGN CHALLENGE" A FIRST-OF-ITS-KIND PARTNERSHIP WITH THE LAS VEGAS COMMUNITY MARKING THE FIRST TIME MEMBERS OF THE GENERAL PUBLIC WILL SEE THEIR ART FEATURED ON THE EXOSPHERE

Netflix

Trade Desk

Netflix continues to lead the streaming space, turning a corner to profitability while also exploring new growth avenues. Sphere Entertainment is turning heads with its innovative Vegas venue, The Sphere, and ambitious expansion ideas.

3 Entertainment Stocks Set to Soar as the Digital Future Unfolds

Citi Trends

89bio Inc

Liberty Media Corp-Liberty SiriusXM

Sirius XM Holdings Inc

Solar Capital

In the wake of a media giant's quarterly report, the Oracle of Omaha is again bolstering his stake in the tracking stocks with some huge insider purchases.

Buffett Loads Up on This Stock Again, Plus CEO Insider Buying

Following its separation from Madison Square Garden Entertainment Corp (NYSE: MSGE) in April 2023, Sphere Entertainment (NYSE: SPHR) appears to be thriving, with its stock surging by over 50% since the beginning of 2024.

Las Vegas Sphere stock is up 50% in 2024

Hitachi Vantara helps stream immersive content on Sphere's  160,000 square-foot interior LED display and 580,000 square-foot Exosphere Hitachi Vantara's software technology processes Sphere's original content with  speed and reliability LAS VEGAS and SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) and Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi, Ltd.

SPHERE ENTERTAINMENT AND HITACHI VANTARA REVEAL NEW DETAILS ON POWERING HIGH-RESOLUTION VIDEO CONTENT AT SPHERE

The Sphere at Las Vegas was profitable in its first quarter of operations. The company has several levers to expand revenue and profits from the new-age venue.

Is Sphere Entertainment the Next Hot Entertainment Stock?

Instacart (Maplebear Inc.)

Madison Square Garden Sports

Ondas Holdings

Transocean

Tile Shop Holdings

A leading offshore driller and a delivery services provider that is turning around saw the most notable insider purchases in the final week of February.

Inside Buyers Show Their Love for These 6 Stocks

On February 5, 2024, Sphere Entertainment Co. (NYSE: SPHR, $39.31, Market Capitalization: $1.4 billion), a premier live entertainment and media company, reported strong 2Q24 results, with a beat on revenues and EPS miss vs. consensus.

Sphere Entertainment Raised To Buy At Spin-Off Research; PT $50

Live Nation

Are you excited for Super Bowl LVIII? Most people seem to be.

3 Winning Stocks to Buy Ahead of the Super Bowl

Sphere Entertainment Co. (SPHR) Q2 2024 Earnings Call Transcript

News for Sphere Entertainment Co Stock (SPHR)