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's Fully Programmable Exterior LED Screen, Known as the Exosphere, To Transform into the Helmets of All 32 NFL Teams Multi-Week Campaign Launches Sept. 1 and Runs Through Start of NFL Season LAS VEGAS , Sept.

SPHERE ANNOUNCES YOUTUBE'S NFL SUNDAY TICKET ACTIVATION AS THE FIRST-EVER BRAND CAMPAIGN ON THE EXOSPHERE

Anadol To Debut AI Data Sculpture Machine Hallucinations: Sphere On Sphere's Fully Programable Exterior Starting September 1 Sphere's Exterior – The Exosphere – Offers an Unparalleled Canvas for Artists, Partners and Brands to Showcase Impactful Content to Audiences from Around the World LAS VEGAS , Aug. 31, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that on September 1, internationally renowned media artist Refik Anadol will become the first artist to utilize the Exosphere, the fully programmable LED exterior of Sphere in Las Vegas, as an immersive canvas, debuting an AI Data Sculpture created exclusively for Sphere called Machine Hallucinations: Sphere. Refik Anadol is a visionary media artist, director, and pioneer in the aesthetics of machine intelligence.

REFIK ANADOL, WORLD-RENOWNED MEDIA ARTIST, FIRST TO TRANSFORM SPHERE'S EXTERIOR INTO IMMERSIVE CANVAS

Sphere has risen by 75% since the initiation of our investment and 35.5% up since we published our report. As the story evolves from a pure value play to a growth play, we as value investors believe it's time to take the profits. We believe it's prudent to only leave a small portion of the gains to have a speculative bet on Sphere's future trajectory.

Sphere Entertainment: An Update On Our Initial Report (Rating Downgrade)

Sphere's (SPHR) fiscal fourth-quarter 2023 reports reflect decline in revenues, driven by dismal MSG networks segment performance, and increased direct operating expenses.

Sphere (SPHR) Q4 Earnings Surpass Estimates, Revenues Miss

Sphere Entertainment Co. (NYSE:SPHR ) Q4 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Ari Danes - Investor Relations and Financial Communications James Dolan - Executive Chairman and CEO Andrea Greenberg - President and CEO of MSG Networks Gautam Ranji - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brandon Ross - LightShed Partners Daniel Duran - Morgan Stanley David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by and welcome to the Sphere Entertainment Company Fiscal 2023 Fourth Quarter and Year-End Earnings Conference Call.

Sphere Entertainment Co. (SPHR) Q4 2023 Earnings Call Transcript

Sphere Entertainment (SPHR) came out with quarterly earnings of $10.21 per share, beating the Zacks Consensus Estimate of a loss of $0.40 per share. This compares to loss of $1.97 per share a year ago.

Sphere Entertainment (SPHR) Beats Q4 Earnings Estimates

Sphere in Las Vegas Set to Open on September 29 th with First of 25 Shows by U2 Exosphere Completely Illuminated for the First Time in July The Sphere Experience Featuring Postcard from Earth Set to Debut on October 6 th MSG Networks Launches Direct to Consumer Offering, MSG+, Ahead of 2023-24 NBA and NHL Seasons NEW YORK , Aug. 22, 2023 /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, 2023.  During the quarter, the Company completed a number of significant strategic transactions.

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL YEAR RESULTS

NEW YORK , Aug. 17, 2023 /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, 2023 on Tuesday, August 22, 2023 at 10:00 a.m. Eastern Time.

Sphere Entertainment Co. to Host Fiscal 2023 Fourth Quarter and Year-End Conference Call

Sphere Immersive Sound, designed and customized by Sphere Studios in partnership with HOLOPLOT for Sphere in Las Vegas, revolutionizes the immersive audio experience Next-generation audio technology   delivers crystal-clear, concert-grade sound to each seat in Sphere through 3D Audio-Beamforming and Wave Field Synthesis LAS VEGAS , July 24, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today unveiled Sphere Immersive Sound, powered by HOLOPLOT, the world's most advanced audio system, which provides crystal-clear, individualized sound to every seat in Sphere, a next generation entertainment medium opening in Las Vegas this fall. Sphere Studios, which develops groundbreaking technologies and content, partnered with HOLOPLOT, a global leader in 3D audio technology, to create Sphere Immersive Sound – the world's largest, fully integrated concert-grade audio system that revolutionizes immersive audio experiences.

SPHERE ENTERTAINMENT UNVEILS THE MOST ADVANCED CONCERT-GRADE AUDIO SYSTEM IN THE WORLD: SPHERE IMMERSIVE SOUND, POWERED BY HOLOPLOT

Pearson PLC

Reservoir Media

Media Conglomerates like Pearson (PSO), Sphere Entertainment (SPHR) and Reservoir (RSVR) are benefiting from the growing demand for high-speed Internet and increased media consumption amid significant cord-cutting.

3 Media Stocks to Buy From a Prospering Industry

Sphere's fully-programmable exterior – the world's largest LED screen – transforms the Las Vegas skyline The Exosphere offers an unparalleled canvas for artists, partners, and brands to showcase impactful content to audiences from around the world LAS VEGAS , July 5, 2023 /PRNewswire/ -- Last night, Sphere lit up the global stage with a captivating display of dynamic, animated content on the venue's exterior – the Exosphere – transforming the Las Vegas skyline. A signature feature of Sphere, a next-generation entertainment medium, the Exosphere will showcase a wide range of artistic and branded content that will be seen not only by guests at Sphere and the 40+ million visitors to Las Vegas each year, but also is photographed and shared around the world on social media.

HELLO WORLD! SPHERE ILLUMINATES ENTIRE EXTERIOR FOR THE FIRST TIME

Undervalued Gem: Sphere presents a compelling investment opportunity as a spin-off from Madison Square Gardens, potentially overlooking its true worth. Revolutionary Entertainment Venue: The $2.3b Sphere, located in the heart of Las Vegas, is set to become a world-class iconic attraction. Discount on Price: Sphere is apparently selling for a 56% discount based even on the initial cost of production. The current projected cost is $2.3b.

Sphere Entertainment Spinoff Creating A Value Opportunity

Madison Square Garden Entertainment

Live entertainment provider Sphere Entertainment Co. SPHR, -5.16% will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE, +1.59%, Madison Square Garden said on Tuesday. Sphere, which MSG spun off last month, also plans to grant the underwriters a 30-day option to buy up to an extra 787,500 shares of MSG Entertainment.

Madison Square Garden says Sphere Entertainment is selling 5.25 million shares

$1.25B of Pro Forma debt - Only $300m associated with Sphere. Delays and cost overruns subside as the venue opens in September 2023. A state-of-the-art venue in Las Vegas, trading at a substantial discount to replacement cost.

Sphere: Trading At A Substantial Discount To TBV

Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for its entertainment venue, Sphere, in Las Vegas.

Sphere Entertainment to launch immersive content studio in Hollywood

Unveils Big Sky – Ultra-High Resolution Camera System Developed In-House  That Sets a New Bar for Image-Fidelity, Eclipsing Current Cinematic Cameras –  First of Many Groundbreaking Immersive Innovations to be Unveiled BURBANK, Calif. , June 12, 2023 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment"), a premier live entertainment and media company, today announced the launch of Sphere Studios, dedicated to developing the next generation of original immersive entertainment exclusively for Sphere through proprietary and cutting-edge technology, tools and production facilities.

SPHERE ENTERTAINMENT ANNOUNCES THE LAUNCH OF SPHERE STUDIOS - IMMERSIVE CONTENT STUDIO DEDICATED TO CREATING MULTI-SENSORY LIVE ENTERTAINMENT EXPERIENCES EXCLUSIVELY FOR SPHERE

Harte Hanks

MSG+ Win Boosts Harte Hanks Streaming Client Roster to 13 CHELMSFORD, MA / ACCESSWIRE / June 6, 2023 / Harte Hanks, Inc. (NASDAQ:HHS), a leading global customer experience company, today announced they were chosen as the customer support provider for MSG+, a new state-of-the-art streaming service from MSG Networks set to launch this summer. MSG Networks services America's number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania, telecasting hundreds of live professional games and a compelling lineup of critically acclaimed original programming.

Harte Hanks Chosen to Provide Customer Support for Soon-to-Launch Streaming Service MSG+

Spin-off Completed in April Creating Pure-Play Live Entertainment Company NEW YORK , May 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") today reported financial results for the fiscal third quarter ended March 31, 2023. This marks the first quarter that MSG Entertainment is reporting financial results as a standalone company, following its spin-off from Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment"), which was completed on April 20, 2023.

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 THIRD QUARTER RESULTS

NEW YORK , May 11, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") will host a conference call to discuss results for its fiscal third quarter ended March 31, 2023 on Thursday, May 18, 2023 at 10:00 a.m. Eastern Time.

Madison Square Garden Entertainment Corp. to Host Fiscal 2023 Third Quarter Conference Call

Sphere Entertainment SPHR came out with a quarterly loss of $1.08 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to loss of $0.29 per share a year ago.

Sphere Entertainment (SPHR) Reports Q3 Loss, Tops Revenue Estimates (Revised)

Madison Square Garden Entertainment (SPHR) came out with a quarterly loss of $1.08 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to loss of $0.29 per share a year ago.

Madison Square Garden Entertainment (SPHR) Reports Q3 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2023. On April 20, 2023, the Company completed the spin-off of its traditional live entertainment business. As a result of the timing of the spin-off, the Company's fiscal 2023 third quarter consolidated results include the financial results of the traditional live entertainment business. In addition, on May 3, 2.

Sphere Entertainment Co. Reports Fiscal 2023 Third Quarter Results

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) will issue a press release on Wednesday, May 10, 2023 before the market opens reporting results for its fiscal third quarter ended March 31, 2023. On April 20, 2023, the Company completed the spin-off of its traditional live entertainment business. As a result of the timing of the spin-off, the Company's fiscal 2023 third quarter consolidated results will include the financial results of the traditional live entertainment business.

Sphere Entertainment Co. to Release Fiscal 2023 Third Quarter Results

NEW YORK , May 3, 2023 /PRNewswire/ -- Mohari Hospitality, an investment firm focused on the luxury lifestyle and hospitality sectors, announced today the completion of its acquisition of Tao Group Hospitality, a global leader and innovator in restaurants, nightlife, and entertainment from Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") and other limited partners. "Welcoming Tao Group to our portfolio is a major strategic milestone for Mohari and we're excited about the prospects for the combined business and the transformational potential of our partnership," said Mark Scheinberg, Founder and Principal, Mohari.

MOHARI HOSPITALITY FINALIZES ACQUISITION OF TAO GROUP HOSPITALITY

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (the “Company” or “Sphere Entertainment”) today announced it has completed the sale of its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors. The completion of the sale follows a successful bidding process with multiple parties, which reflects that since the Company acquired a majority interest in 2017, Tao Group Hospitality h.

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