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Dec 31, 2024

MSG Spinco Q2 2025 Earnings Report

Sphere Entertainment Co. reported a decrease in revenues but improved operating loss for the quarter ended December 31, 2024.

Key Takeaways

Sphere Entertainment Co. reported revenues of $308.3 million, a decrease of $5.9 million compared to the prior year quarter. The company's operating loss improved by $16.7 million to $142.9 million, while adjusted operating income decreased by $18.6 million to $32.9 million.

The Sphere Experience featuring Postcard from Earth passed its 1,000th showing in early January.

Afterlife presents Anyma ‘The End Of Genesys’ successfully completed a twelve-show run.

The Eagles are in the midst of a 32-show residency, which has been extended multiple times due to demand.

Formula 1’s Las Vegas Grand Prix returned to Sphere in November as part of its multi-year deal with the Company.

Total Revenue
$308M
Previous year: $403M
-23.4%
EPS
-$3.49
Previous year: -$1.59
+119.5%
Gross Profit
$196M
Previous year: $187M
+5.1%
Cash and Equivalents
$55.2M
Previous year: $37.6M
+47.0%
Total Assets
$1.59B
Previous year: $1.42B
+11.8%

MSG Spinco

MSG Spinco