Sphere Entertainment Q1 revenue down 13%; operating loss widens to $78.6M

Sphere Entertainment Co.

2025-Q1 EPS reported -$2.27 revenue$280,574,000

Revenue $280.6M, down $40.8M YoY; operating loss of $78.6M vs $40.4M loss a year ago.
Sphere segment revenue $157.5M (-8% YoY); MSG Networks $123.0M (-19% YoY).
Adjusted operating income $36.0M, down $25.6M YoY; Sphere segment adjusted OI rose slightly to $13.1M.
New multi-year marketing partnerships announced with Pepsi and Google.
Upcoming residencies: Dead & Company 18-show run, Kenny Chesney, Backstreet Boys, Eagles return.

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