Sphere Entertainment Co SPHR is best known for its iconic one-of-a-kind Las Vegas entertainment venue that has hosted the likes of U2, Phish, The Eagles and will soon host Dead & Company.
J.P. Morgan analyst David Karnovsky reiterated an Overweight rating on the shares of Sphere Entertainment Co SPHR and lowered the price target from $57.00 to $54.00.
Sphere Entertainment Co. (NYSE:SPHR ) Q2 2025 Earnings Conference Call March 3, 2025 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications & Treasury James Dolan - Executive Chairman & CEO Robert Langer - EVP, Chief Financial Officer Jennifer Koester - Chief Operating Officer Conference Call Participants David Karnovsky - JPMorgan Brandon Ross - LightShed Peter Anderson - Bank of America Merrill Lynch Peter Supino - Wolfe Research Benjamin Swinburne - Morgan Stanley David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by and welcome to the Sphere Entertainment Company Earnings Call for the period ended December 31, 2024.
Sphere Entertainment (SPHR) came out with a quarterly loss of $3.49 per share versus the Zacks Consensus Estimate of a loss of $2.15. This compares to loss of $4.91 per share a year ago.
NEW YORK , March 3, 2025 /PRNewswire/ -- 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.
Shares of Sphere Entertainment (SPHR) slid Monday after the company reported declining second-quarter revenue and said its MSG Networks unit may pursue bankruptcy if it can't refinance its debt.
NEW YORK , Feb. 22, 2025 /PRNewswire/ -- MSG Networks and Optimum are pleased to announce they have reached an agreement for the relaunch of MSG Networks on Optimum video lineups. MSG Networks and Optimum would like to thank everyone for their patience as we partnered to reach this new agreement to benefit our fans and Optimum subscribers.
NEW YORK , Feb. 21, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for the three months ended December 31, 2024 on Friday, February 28, 2025 at 10:00 a.m. Eastern Time.
NEW YORK , Jan. 21, 2025 /PRNewswire/ -- MSG Networks released the following statement about their dispute with Altice USA: "Our goal is to make sure our Knicks, Rangers, Devils, and Islanders fans who are Optimum subscribers don't have to miss another game. To that end, we are willing to agree to a short extension tied to resolving our dispute through binding arbitration by a neutral, third party.
NEW YORK , Jan. 16, 2025 /PRNewswire/ -- MSG Networks released the following response to Altice USA: "In response to Optimum's last release what we have to say is simple: Cut the B.S. - give us the same deal you gave YES Networks just a few months ago OR give us our old deal which we had with you previously OR refund every subscriber what you owe them - $10 a month.