MSG Spinco Q1 2025 Earnings Report
Key Takeaways
Sphere Entertainment Co. reported revenues of $227.9 million, an increase of $109.9 million compared to the prior year quarter, and an operating loss of $117.6 million, an increase of $47.8 million. The adjusted operating loss was $10.2 million, an improvement of $47.7 million compared to the prior year quarter.
Announced plans to make Abu Dhabi the next Sphere location under a franchise model.
Announced new multi-year marketing partnerships with Verizon and DCT Abu Dhabi.
V-U2 An Immersive Concert Film debuted in September, joining Postcard from Earth as the second Sphere Experience.
Sphere hosted its first live sports event – UFC 306 – which became the highest single grossing event at the venue so far.
MSG Spinco
MSG Spinco
Forward Guidance
The vision for Sphere has always included a global network of venues, and our recently announced plans for a second Sphere in Abu Dhabi mark a significant milestone toward that goal. We are confident in the opportunities ahead for Sphere and believe we are well-positioned to drive long-term shareholder value.