---
schema_version: "secwatch.filing_event.v1"
accession: "0001795250-24-000040"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:06:01.562158+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment Q1 revenue $227.9M (+93% YoY); adjusted operating loss narrows to $10.2M

## Summary
- 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.

## SEC filing metadata
- accession: 0001795250-24-000040
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000179525024000040/0001795250-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000179525024000040/sphr-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001795250-24-000040
- JSON: https://secwatch.observer/filing/0001795250-24-000040.json
- Plain text: https://secwatch.observer/filing/0001795250-24-000040.txt

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