MSG Entertainment Q1 revenue up 36% to $401.2M; adjusted operating income down 73% to $2.8M

Sphere Entertainment Co.

2023-Q1 EPS reported -$1.30 revenue$401,218,000

Revenue $401.2M, up 36% YoY; operating loss improved to $44.8M from $83.3M.
Entertainment segment revenue $147.1M (vs $34.2M); adjusted operating loss narrowed to $44.4M.
MSG Networks revenue down 13% to $122.5M; adjusted operating income down 41% to $32.9M.
Tao Group Hospitality revenue up 11% to $132.7M; adjusted operating income down 44% to $14.6M.
Confidentially submitted Form 10 for proposed spin-off of live entertainment and MSG Networks; final board approval required.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sphere Entertainment Co. reported first quarter ended September 30, 2022 results: revenue $401.2 million.

Period: first quarter ended September 30, 2022
Revenue: $401.2 million
Result: reported results

Exact text from the filing

For the fiscal 2023 first quarter, the Company reported revenues of $401.2 million

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Source: SEC EDGAR

accession 0001193125-22-281215

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