secwatch.observer — SEC 8-K summary
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Issuer:     Sphere Entertainment Co. (SPHR)
CIK:        0001795250
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001795250-25-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795250/000179525025000027/0001795250-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795250/000179525025000027/sphr-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001795250-25-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer