Sphere Entertainment Q3 rev $321.3M (+98% YoY); adj OI $61.5M; Sphere segment profitable

Sphere Entertainment Co.

2024-Q3 EPS reported -$4.38 revenue$753,494,000

Revenue of $321.3M, up $159.3M (+98%) from prior year.
Operating loss improved to $40.4M from $101.9M; adjusted OI of $61.5M vs loss $18.7M.
Sphere segment rev $170.4M (vs $0.6M), adj OI $12.9M (vs -$77.0M).
MSG Networks rev $151.0M (-6% YoY), adj OI $48.6M (-17% YoY).
U2 concluded 40-show run; Dead & Co. extended to 24 shows; record Super Bowl ad week.

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 0.85

Sphere Entertainment Co. reported the third quarter ended March 31, 2024 results: revenue $321.3 million.

Period: the third quarter ended March 31, 2024
Revenue: $321.3 million
Result: reported results

Exact text from the filing

the second round of the postseason for both the Knicks and Rangers across its linear and digital platforms. For the fiscal 2024 third quarter, the Company reported revenues of $321.3 million, an increase of $159.3 million, as compared to the prior year quarter. In addition, the Company reported an operating loss of $40.4 million, an improvement of $61.5 million as

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Source: SEC EDGAR

accession 0001795250-24-000014

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