Sphere Entertainment Q2 revenue $314.2M; Sphere segment posts positive adjusted operating income of $14.1M

Sphere Entertainment Co.

2024-Q2 EPS reported -$3.04 revenue$432,164,000

Total revenue increased 97% YoY to $314.2M, led by first full quarter of Sphere operations.
Sphere segment revenue of $167.8M vs $0.6M; adjusted operating income improved to $14.1M from a $60.9M loss.
MSG Networks revenue declined 8% to $146.4M; adjusted operating income fell 22% to $37.3M.
Sphere Experience daily ticket sales averaged over $1M on event days; U2's 40-show run concludes.
MSG Networks and YES Network formed 50/50 streaming JV, Gotham Advanced Media and Entertainment (GAME).

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 second quarter ended December 31, 2023 results: revenue $314.2 million.

Period: fiscal second quarter ended December 31, 2023
Revenue: $314.2 million
Result: reported results

Exact text from the filing

For the fiscal 2024 second quarter, the Company reported revenues of $314.2 million

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Source: SEC EDGAR

accession 0001795250-24-000006

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