Sphere Entertainment Q3 revenue $262.5M (+15% YoY); adjusted operating income turns positive at $36.4M

Sphere Entertainment Co.

2025-Q3 EPS reported -$0.87 revenue$825,762,000

Revenue $262.5M (+15% YoY); operating loss $129.7M vs $117.6M; adjusted operating income $36.4M vs -$10.2M.
Sphere segment revenue $174.1M (+37% YoY); sphere adjusted operating income $17.1M vs -$26.3M.
MSG Networks revenue $88.4M (-12% YoY); adjusted operating income $19.3M (+20% YoY).
Wizard of Oz at Sphere debuted Aug 28, surpassed 1M tickets sold by mid-Oct; sponsorships with Zoox and Lenovo.
Repurchased ~$50M of Class A common stock during Q3.

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