Sphere Entertainment Q3 rev $363.3M (+3%), operating loss $70.3M, completes spin-off and Tao sale

Sphere Entertainment Co.

2023-Q3 EPS reported -$0.98 revenue$1,139,492,000

Revenues $363.3M (+3% YoY); operating loss of $70.3M vs prior year operating income of $0.9M.
Adjusted operating income $19.4M, down 49% from $38.5M in prior year quarter.
Completed spin-off of traditional live entertainment business on April 20, 2023.
Sold 66.9% majority interest in Tao Group Hospitality on May 3, 2023.
Sphere Las Vegas on track to open in September 2023.

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 fiscal third quarter ended March 31, 2023 results: revenue revenues of $363.3 million.

Period: fiscal third quarter ended March 31, 2023
Revenue: revenues of $363.3 million
Result: reported results

Exact text from the filing

For the fiscal 2023 third quarter, the Company reported revenues of $363.3 million, an increase of $10.8 million, or 3%, as compared to the prior year quarter.

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Source: SEC EDGAR

accession 0001193125-23-140820

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