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Sphere Entertainment Co. (NYSE: SPHR) has acquired HOLOPLOT GmbH, a global leader in 3D audio technology, after their successful partnership in developing Sphere Immersive Sound. This acquisition aims to enhance immersive experiences and audio technology, showcasing Sphere Entertainment's dedication to innovation in live audio experiences.
Sphere Entertainment Co. reported fiscal 2024 third quarter results, highlighting successful concert runs, revenue generation, and corporate events. The company reported revenues of $321.3 million and an operating loss of $40.4 million, an improvement of $61.5 million compared to the prior year. The Sphere segment had revenues of $170.4 million, while MSG Networks reported revenues of $151.0 million.
Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss its fiscal third quarter results on May 10, 2024. The call will be accessible via telephone and webcast, with a press release issued prior to the market opening. Call replay and webcast available until May 17, 2024.
