MSG Spinco Q2 2024 Earnings Report
Key Takeaways
Sphere Entertainment Co. reported fiscal 2024 second quarter results, highlighting significant revenue growth driven by the Sphere in Las Vegas. The company reported revenues of $314.2 million, an increase of $154.6 million compared to the prior year quarter. The Sphere segment achieved positive adjusted operating income in its first full quarter of operations in Las Vegas.
Sphere in Las Vegas has attracted worldwide attention and robust demand from guests, artists and advertisers.
U2 has continued its multi-month run at Sphere, with every show sold-out to date.
The Sphere Experience featuring Postcard from Earth debuted on October 6, 2023, grossing over one million dollars in average daily ticket sales.
Sphere launched campaigns from numerous global brands on the Exosphere during the quarter and was a prominent feature of Formula 1’s inaugural Las Vegas Grand Prix in November.