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 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 Grateful for Dead & Co. Residency