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Mar 31, 2022
Sphere Entertainment Co Q3 2022 Earnings Report
Reported financial results with revenue increase driven by momentum in live entertainment businesses.
Key Takeaways
MSG Entertainment reported a significant increase in revenue and operating income for the fiscal third quarter ended March 31, 2022. Revenues increased by $245.8 million compared to the prior year quarter, with operating income of $2.0 million and adjusted operating income of $46.5 million.
Revenues increased by $245.8 million compared to the prior year quarter.
Operating income was $2.0 million, compared to an operating loss of $38.7 million in the prior year quarter.
Adjusted operating income was $46.5 million, compared to $20.9 million in the prior year quarter.
The company is preparing for the opening of MSG Sphere in Las Vegas in the second half of calendar 2023.
Revenue by Segment
Forward Guidance
Company is well positioned to capitalize on the strong demand for live experiences and is preparing for the opening of MSG Sphere in Las Vegas in the second half of calendar 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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