---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-140820"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:51:50.551298+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-140820
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312523140820/0001193125-23-140820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312523140820/d420701d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-140820
- JSON: https://secwatch.observer/filing/0001193125-23-140820.json
- Plain text: https://secwatch.observer/filing/0001193125-23-140820.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1795250/000119312523140820/0001193125-23-140820-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.