Sphere Entertainment Co. Reports Results For The Three And Six Months Ended December 31, 2024
NEW YORK, N.Y., March 3, 2025 – Sphere Entertainment Co. (NYSE: SPHR) (“Sphere Entertainment” or the “Company”) today reported financial results for the three and six months ended December 31, 2024.(1)
Recent Sphere operating highlights include:
- The Sphere Experience featuring Postcard from Earth passed its 1,000th showing in early January;
- Afterlife presents Anyma ‘The End Of Genesys’ – the venue’s first electronic music act – successfully completed a twelve-show run between December and the beginning of March;
- The Eagles are in the midst of a 32-show residency, which has been extended multiple times due to demand, while Dead & Company, Kenny Chesney and the Backstreet Boys each announced residencies at Sphere for this Spring and Summer;
- Formula 1’s Las Vegas Grand Prix returned to Sphere in November as part of its multi-year deal with the Company; and
- Sphere hosted Delta Air Lines for a multi-day takeover, including a keynote presentation, during the Consumer Electronics Show in January.
For the three months ended December 31, 2024, the Company reported revenues of $308.3 million, a decrease of $5.9 million as compared to the prior year quarter. In addition, the Company reported an operating loss of $142.9 million, an improvement of $16.7 million, and adjusted operating income of $32.9 million, a decrease of $18.6 million, both as compared to the prior year quarter.(2)
For the six months ended December 31, 2024, the Company reported revenues of $536.2 million, an increase of $104.0 million as compared to the prior year period. In addition, the Company reported an operating loss of $260.6 million, an increase of $31.1 million, and adjusted operating income of $22.7 million, an increase of $29.1 million, both as compared to the prior year period.(2)
Executive Chairman and CEO James L. Dolan said, “As we enter a new fiscal year, we see significant opportunities to drive our Sphere business forward in Las Vegas and beyond. We believe we are on a path toward realizing our vision for this next-generation medium and generating long-term shareholder value.”