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 ...

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. The Company will issue a press release reporting its results prior to the market opening.To participate via telephone, please dial 888-800-3155 with the conference ID number 8089430 approximately 10 minutes prior to the call. The call will also be available via webcast at inv ...

The market expects Sphere Entertainment (SPHR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other han ...

NEW YORK and ABU DHABI, United Arab Emirates, 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 visit ...

Executive Change - Sphere Entertainment announced the unexpected departure of CFO David Byrnes, who will continue in his current role for an interim period to facilitate a smooth transition [1][2] - The company did not provide a reason for Byrnes' departure, simply stating that he "will be leaving the company" [1][3] Stock Performance - Sphere Entertainment shares fell 8% to $41.39 following the announcement of the CFO's departure [3] - Despite the recent decline, the company's shares are still up about 22% so far this year [3] Background Information - David Byrnes has been the CFO of Sphere Entertainment since December 2022 [1][2] - Prior to joining Sphere Entertainment, Byrnes was the CFO of Madison Square Garden Entertainment (MSGE), which spun off from Sphere Entertainment in April 2023 [2]

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. The Company will commence a search for a new Chief Financial Officer and Treasurer. Mr. Byrnes will continue in his current role for an interim period to facilitate a smooth transition. Mr. Byrnes has served as Executive Vice President, Chief ...

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. This places SPHR 11.22% below its 52-week high of $51.83 and 70.30% above its 52-week low of $27.02. Trading volume was 747,758 shares, 95.1% of the average daily volume of 785,916. Wall Street Analysts Forecast Based on the one-year price targets offered by 6 analysts, the average target price for Sphere ...

Sphere Entertainment Co SPHR, the company behind the Las Vegas Sphere, has high production costs and scalability issues. Despite the company's penchant for novelty events, like last month's "Wizard of Oz" screening, the profitability outlook is "underwhelming," according to Benchmark analyst Mike Hickey. Hickey downgraded the rating for Sphere to Sell, while setting the price target to $40. The Sphere Entertainment Thesis: Creating content for Las Vegas Sphere is expensive. Plus, not all productions resonat ...

The company's earnings pleased investors. Shares of Sphere Entertainment Co. (SPHR 6.73%) rose as much as 25% this week, according to data from S&P Global Market Intelligence. The upstart entertainment venue and owner of the Las Vegas Sphere, as well as regional sports networks, showed strong growth yet again in its latest earnings report, and a path to profitability. As of 1:46 p.m. ET on Friday, Sphere Entertainment was up 21.7% since last Friday's close and 46% year-to-date. Here's why Sphere Entertainme ...

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 fo ...