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.

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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 (SPHR) came out with a quarterly loss of $4.91 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to earnings of $2.25 per share a year ago.

Sphere Entertainment (SPHR) Reports Q2 Loss, Tops Revenue Estimates

NEW YORK , Feb. 5, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal second quarter ended December 31, 2023. Since opening on September 29, 2023, Sphere in Las Vegas has attracted worldwide attention and robust demand from guests, artists and advertisers.

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS

Exosphere Content To Be Broadcast During The Game on CBS And Run Throughout Super Bowl Week Both Interior and Exterior of Sphere to be Showcased  LAS VEGAS , Feb. 4, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) and the NFL today announced a collaboration that will see custom Super Bowl LVIII content, created exclusively by Sphere Studios, displayed on Sphere's fully programmable LED exterior – the Exosphere – throughout Super Bowl Week. As part of this, Sphere will also be featured in CBS Sports' coverage of Super Bowl LVIII on CBS and Paramount+.

SPHERE AND NFL COLLABORATE ON CUSTOM SUPER BOWL CONTENT FOR THE EXOSPHERE CREATED EXCLUSIVELY BY SPHERE STUDIOS

Madison Square Garden Entertainment

NEW YORK , Feb. 1, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") and Sphere Entertainment Co. (NYSE: SPHR) today announced that Laura Franco, an accomplished executive with more than 30 years of legal experience, has been named Executive Vice President and General Counsel for both companies, effective February 20. Ms. Franco will serve as both companies' chief legal officer, working closely with their respective leadership teams to support long-term direction and growth.

MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT NAME LAURA FRANCO EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL

PepsiCo

Fans Can Purchase PepsiCo Soft Drinks and Frito-Lay® Snacks Throughout the Venue LAS VEGAS , Jan. 31, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today a new multi-faceted partnership with PepsiCo (NASDAQ: PEP) naming the global beverage and foods company an official partner of Sphere, the next-generation entertainment venue that opened in Las Vegas in September 2023. As part of this partnership, select PepsiCo products are available at all Sphere events across the venue's concession stands and grab and go stations, as well as in the venue's 23 suites.

PEPSICO NAMED AN OFFICIAL PARTNER OF SPHERE

NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2023 on Monday, February 5, 2024 at 10:00 a.m. Eastern Time.

Sphere Entertainment Co. to Host Fiscal 2024 Second Quarter Conference Call

LAS VEGAS, Jan. 22, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Jennifer Koester, a seasoned executive with over 25 years of diverse experience, will join the Company as President, Sphere Business Operations effective February 5. In this new position, Ms.

SPHERE ENTERTAINMENT NAMES JENNIFER KOESTER PRESIDENT, SPHERE BUSINESS OPERATIONS

STMicroelectronics NV ADR RegS

Sensor custom created for Big Sky – the world's most advanced camera system – and is used to capture ultra-high-resolution content for Sphere in Las Vegas BURBANK, Calif. and GENEVA , Jan. 11, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today revealed new details on its work with STMicroelectronics (NYSE: STM) ("ST"), a global semiconductor leader serving customers across the spectrum of electronics applications, to create the world's largest image sensor for Sphere's Big Sky camera system.

SPHERE STUDIOS AND STMICROELECTRONICS REVEAL NEW DETAILS ON THE WORLD'S LARGEST CINEMA IMAGE SENSOR

GAME Will Leverage Expertise and State-of-the-Art Streaming Technology Built for the YES App and MSG+  NEW YORK , Jan. 4, 2024 /PRNewswire/ -- The YES Network ("YES") and MSG Networks ("MSGN") today announced that they have formed Gotham Advanced Media and Entertainment ("GAME"), a new 50/50 joint venture to capitalize on technical and operational synergies associated with YES' and MSGN's streaming services.  GAME will also offer turn-key digital content distribution services, including platform technology, operational support and comprehensive data analytics to third parties, utilizing the combined technical and operational expertise each company has garnered from the respective successful launch and operation of the YES App and MSG+.

The YES Network and MSG Networks Form Gotham Advanced Media and Entertainment (GAME), a New Technology, Sports and Entertainment Streaming Joint Venture

SPHR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 29, 2023.

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ICRAVE helped lead interior, wayfinding and lighting design for public spaces in the next-generation venue LAS VEGAS and NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Sphere Entertainment (NYSE: SPHR), along with innovation and design firm, ICRAVE , revealed unique details today about the interiors of Sphere in Las Vegas, the next-generation entertainment medium that opened its doors to the public earlier this Fall. Since the moment the Exosphere, the venue's fully programmable LED exterior, was lit up for the first time on July 4, Sphere has become a landmark recognized world-wide for its captivating design and groundbreaking entertainment experiences.

SPHERE AND ICRAVE REVEAL INNOVATIVE INTERIOR DESIGN DETAILS FROM LAS VEGAS' NEWEST ENTERTAINMENT DESTINATION

CNBC's Jim Cramer said the Sphere is interesting, but he is not recommending it for investors' portfolio.

Jim Cramer evaluates if the Las Vegas Sphere is worth a buy

The success of U2's residency at the Sphere in Las Vegas and Sphere Entertainment Co.'s announcement of a $225 million convertible note this week spell opportunity for investors, analysts say.

Sphere, buoyed by U2's successful residency, spells opportunity, say analysts

Shares of Sphere Entertainment Co. SPHR, +8.52% rose 8.7% Wednesday after Macquarie Equity Research raised its price target to $34 from $32. The entertainment venue's stock is on pace for its largest daily percentage increase since Oct. 2, 2023, when it rose 11.1%, Dow Jones market data show.

Sphere shares soar after Macquarie raises price target to $34

A new debt raise has investors worrying Sphere Entertainment isn't in such good shape as it seems to be.

The Sphere Is Amazing, but Is Sphere Entertainment Stock a Buy?

Guggenheim analyst Curry Baker upgraded Sphere Entertainment stock to Buy from Neutral. The company just priced an attractive convertible bond deal.

Sphere Stock Gets an Upgrade After an Ugly Day

NEW YORK , Dec. 6, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) (the "Company" or "Sphere Entertainment") today announced the pricing of $225 million aggregate principal amount of 3.50% convertible senior notes due 2028 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering of the notes, the Company has granted the initial purchasers an option to purchase, for settlement within a 13-day period beginning on, and including, the first day on which the notes are issued, up to an additional $33.75 million aggregate principal amount of the notes.

Sphere Entertainment Co. Announces Pricing of $225 Million Offering of Convertible Senior Notes

Sphere Entertainment stock is at its lowest level since the company's Las Vegas arena opened. The move may be due to bearish bets on the stock ahead of a convertible-debt offering.

Sphere Stock Is Lower Despite Upbeat Guidance. Debt Is an Issue.

Sphere Entertainment is looking to raise at least $225 million from a convertible debt offering. Uses of the new cash are vague, but potentially include "growth initiatives.

Why Sphere Entertainment's Stock Dropped 20% Today

NEW YORK , Dec. 5, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) (the "Company" or "Sphere Entertainment") today announced that it intends to offer, subject to market conditions and other factors, $225 million in aggregate principal amount of convertible senior notes due 2028 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering of the notes, Sphere Entertainment expects to grant the initial purchasers an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $33.75 million aggregate principal amount of the notes.

Sphere Entertainment Co. Announces Private Offering of $225 Million of Convertible Senior Notes

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The Sphere in Las Vegas appears it could be a financial success. However, there's limited operating history for the new entertainment venue.

Is It Time to Buy Stock in the Las Vegas Sphere Yet?

Fans Will Be Able to Purchase Custom Sphere x PATH Reusable Aluminum Water Bottles at All Concession Stands Throughout the New Venue as Part of Sphere and PATH's Joint Commitment to Sustainability LAS VEGAS , Nov. 29, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today a new partnership with PATH – the leading reusable, refillable and recyclable aluminum bottled water brand – naming PATH the exclusive unflavored still water provider of Sphere, the next-generation entertainment venue that opened in Las Vegas in September 2023. Custom Sphere x PATH branded reusable aluminum water bottles are available at all Sphere events across the venue's concession stands and grab and go stations, in the venue's 23 suites, and backstage.

News for Sphere Entertainment Co Stock (SPHR)