---
schema_version: "secwatch.filing_event.v1"
accession: "0001795250-23-000020"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T10:02:35.837264+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment Q1: operating loss $69.8M as Sphere opens; MSG Networks revenue down 10%

## Summary
- Total revenues $118.0M, down $5.1M YoY; operating loss $69.8M vs loss $51.1M in prior-year quarter.
- Sphere segment generated $7.8M revenue in first partial quarter; adjusted operating loss $83.1M.
- MSG Networks revenues fell 10% to $110.2M; adjusted operating income $25.2M, down 24%.
- Sphere in Las Vegas opened Sept 29 with sold-out U2 run; 11 additional shows added through Feb 2024.
- MSG Networks launched MSG+ streaming service and renewed multi-year rights with New Jersey Devils.

## SEC filing metadata
- accession: 0001795250-23-000020
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000179525023000020/0001795250-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000179525023000020/sphr-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001795250-23-000020
- JSON: https://secwatch.observer/filing/0001795250-23-000020.json
- Plain text: https://secwatch.observer/filing/0001795250-23-000020.txt

## Key facts
- Earnings Releases
  Sphere Entertainment Co. reported fiscal first quarter ended September 30, 2023 results: revenue $118.0 million.
  - Period: fiscal first quarter ended September 30, 2023
  - Revenue: $118.0 million
  - Result: reported results
  source text: Jersey Devils and will continue to distribute a full schedule of Devils games across MSG Networks’ platforms. For the fiscal 2024 first quarter, the Company reported revenues of $118.0 million, a decrease of $5.1 million, as compared to the prior year quarter. In addition, the Company reported an operating loss of $69.8 million, an increase of $18.7 million, and an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1795250/000179525023000020/0001795250-23-000020-index.htm

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