Core Insights - Sphere Entertainment reported a quarterly loss of $3.49 per share, which was worse than the Zacks Consensus Estimate of a loss of $2.15, representing an earnings surprise of -62.33% [1] - The company's revenues for the quarter ended December 2024 were $308.29 million, exceeding the Zacks Consensus Estimate by 6.36%, although this was a decline from $314.16 million in the same quarter last year [2] - Sphere Entertainment's stock has increased by approximately 8.2% since the beginning of the year, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$2.22, with expected revenues of $295.26 million, and for the current fiscal year, the EPS estimate is -$11.47 on revenues of $1.09 billion [7] - The estimate revisions trend for Sphere Entertainment is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Media Conglomerates industry, to which Sphere Entertainment belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Sphere Entertainment (SPHR) Reports Q2 Loss, Tops Revenue Estimates