earnings
confidence high
sentiment neutral
materiality 0.60
Sphere Entertainment Q2 revenue down 2% YoY; adjusted ops income falls 36%
Sphere Entertainment Co.
- Revenue $308.3M, down $5.9M YoY; operating loss improved $16.7M to $142.9M.
- Adjusted operating income $32.9M, down $18.6M from prior year quarter.
- Sphere segment revenue $169.0M (+1% YoY); MSG Networks $139.3M (-5% YoY).
- Fiscal year changed to Dec 31; next fiscal year Jan 1-Dec 31, 2025.
- Sphere Experience passed 1,000th show; Eagles residency extended; new artist residencies announced.