Core Insights - Sphere Entertainment reported a narrower-than-expected loss in its fiscal fourth quarter, with total revenue exceeding estimates and more than doubling year-over-year due to the opening of the Sphere in Las Vegas [1][2] - The Sphere contributed over $150 million in revenue during Q4, which included part of a 30-show residency by Dead & Co. [1][2] - The diluted loss per share was $1.31, significantly better than analysts' expectations, compared to a profit of $15.24 per share in the previous year [3] Financial Performance - Total revenue for the quarter was $273.4 million, surpassing estimates and more than doubling from the previous year [2] - The company experienced a 5.5% increase in share price, reaching $43.00, and shares have risen over 26% year-to-date [4] Management Commentary - CEO James Dolan stated that fiscal 2024 marked the opening of the Sphere in Las Vegas, indicating a new chapter for the company and expressing confidence in the execution of their vision for this next-generation medium [4]

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 19.03%. A quarter ago, it was expected that this company would post a loss of $0.35 per share when it actually produced a loss of $1.33, delivering a surprise of -280%. Over the last four quarters, the company has ...

SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS (1) (1) NEW YORK, N.Y., August 14, 2024 - 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 t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commission File Number: 001-39245 SPHERE ENTERTAINMENT CO. (Exact name of registrant as specified in its charter) Delaware 84-3755666 (Sta ...

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. 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 we ...

Ken Griffin's Citadel has boosted its stake in James Dolan's Sphere Entertainment just weeks after another hedge fund titan, Mets owner Steve Cohen, revealed that he invested in the company. Sphere shares ticked down less than 1% Thursday, trading at $43.45. Citadel and Sphere Entertainment both declined to comment. 4 Sphere Entertainment owns and operates Sphere, the mammoth concert venue in Las Vegas. Getty Images Getty Images 4 The Dolan family has voting control of Sphere Entertainment. Dolan, the son o ...

What's Happening With SPHR Stock Other prominent business leaders are taking an interest in SPHR stock as Griffin doubles down. Someone else who knows both sports and investing recently announced a stake in Sphere as well. Per Sportico: Sphere Entertainment's primary brands include the sphere-shaped Las Vegas Area, from which its name derives, and MSG Networks, home of the Knicks and Rangers. By virtue of owning both, it can offer investors exposure to both the sports and live entertainment markets, making ...

Madeleine Deaton/iStock Editorial via Getty Images Investment Thesis Sphere Entertainment Co. (NYSE:SPHR) is a premier live entertainment and media company. Recently, the company opened a new and highly anticipated Madison Square Garden (MSG) Entertainment Sphere in Las Vegas. The groundbreaking venue is set to leverage and boost the entertainment industry in Las Vegas by offering the audience an unparalleled and immersive experience. The rationale for investment is simple: 1) The company has two distinguis ...

Group 1 - Sphere Entertainment (NYSE:SPHR) has attracted investor interest following billionaire Steve Cohen's acquisition of a significant stake in the company [1][4] - The company is recognized for The Sphere, a large dome in Los Angeles with an 18,600-seat auditorium and prominent LED displays [2] - Steve Cohen's Point72 Asset Management has acquired a 5.5% stake in SPHR, amounting to 1,560,170 shares, including 582,400 shares from warrants [4] Group 2 - Following the news of Cohen's investment, SPHR stock experienced volatility, initially dipping before recovering during the trading session [6] - As of the latest update, SPHR stock has seen a modest increase of 4.2% since the beginning of the year, with 148,000 shares traded compared to an average of 692,000 shares [3]

"Throughout my career, I have focused on creative and business innovation in the entertainment industry, as well as the pursuit of production excellence, and this is a tremendous opportunity to be part of the cutting-edge work at Sphere," said Ms. Blackwood. "I am excited to join the talented and passionate creative and production technology teams at Sphere Studios as we continue reinventing and reimagining the experiences and content that make Sphere the leader in immersive entertainment." SOURCE Sphere En ...