secwatch.observer — SEC 8-K summary
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Issuer:     Sphere Entertainment Co. (SPHR)
CIK:        0001795250
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-140820
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795250/000119312523140820/0001193125-23-140820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795250/000119312523140820/d420701d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-140820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer