earnings
confidence high
sentiment neutral
materiality 0.72
Sphere Entertainment Q1 revenue $227.9M (+93% YoY); adjusted operating loss narrows to $10.2M
Sphere Entertainment Co.
2025-Q3 EPS
reported -$5.60
vs consensus -$1.78
▼ miss
(-214.5%)
- Revenue up $109.9M YoY to $227.9M, led by Sphere segment ($127.1M vs $7.8M); MSG Networks revenue fell 9% to $100.8M.
- Operating loss of $117.6M; adjusted operating loss improved 82% to $10.2M (Sphere segment improved 68% to $26.3M loss).
- Sphere: announced Abu Dhabi franchise, multi-year deals with Verizon and DCT Abu Dhabi; UFC 306 set single-highest grossing event.
- Eagles 28-show residency extended multiple times; V-U2 film debuted; Delta Air Lines to hold CES keynote at Sphere in Jan 2025.
- MSG Networks began NBA/NHL coverage; Gotham Sports App launched as DTC streaming home for MSG Networks and YES Network.