MSG Spinco Q1 2024 Earnings Report
Key Takeaways
Sphere Entertainment Co. reported first quarter revenues of $118.0 million, a decrease of $5.1 million compared to the prior year quarter, and an operating loss of $69.8 million, an increase of $18.7 million compared to the prior year quarter.
Sphere in Las Vegas successfully opened on September 29th with the start of U2’s 36-show run.
Exosphere launched its first-ever brand campaign in September.
The Sphere Experience featuring Darren Aronofsky’s Postcard from Earth debuted on October 6th to critical acclaim.
MSG Networks saw the start of the 2023-24 NBA and NHL seasons, marking the first year of availability for MSG Networks’ direct-to-consumer and authenticated steaming service, MSG+.
MSG Spinco
MSG Spinco
Forward Guidance
No forward guidance was provided in the earnings report.