Headquartered in New York, NY Fiscal year ends June NYSE: SPHR sphereentertainmentco.com
Sphere Entertainment Co. is an immersive entertainment, technology and media company with two reporting segments.
The Sphere segment operates Sphere, an experiential venue powered by advanced technologies. The first venue is in Las Vegas, and Sphere venues are also planned for Abu Dhabi and National Harbor. Sphere earns revenue from several sources:
- The Sphere Experience: original immersive productions such as The Wizard of Oz at Sphere and the upcoming The Rocky Horror Picture Show at Sphere.
- Concert residencies: artists including Metallica, the Eagles and Backstreet Boys, with Oprah Winfrey and John Mayer announced for 2027.
- Exosphere advertising.
- Sponsorships, such as a new multi-year agreement with Lyft.
- Suite license fees.
The MSG Networks segment operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, plus the direct-to-consumer and authenticated streaming product MSG+. It earns primarily distribution revenue from pay-TV providers and faces ongoing subscriber declines. Updated
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Sphere Entertainment Co. is an immersive entertainment, technology and media company with two reporting segments. The Sphere segment operates Sphere, an experiential venue powered by advanced technologies.
The Wall Street consensus 12-month price target for SPHR is $154.00.
