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Sphere Entertainment Co. - SPHR STOCK NEWS

Welcome to our dedicated page for Sphere Entertainment Co. news (Ticker: SPHR), a resource for investors and traders seeking the latest updates and insights on Sphere Entertainment Co. stock.

Sphere Entertainment Co. (NYSE: SPHR) is a premier live entertainment and media company redefining the future of entertainment through its groundbreaking technologies. The company's core business segments include Sphere, MSG Networks, and Tao Group Hospitality, each contributing uniquely to its impressive portfolio.

The flagship of Sphere Entertainment is Sphere, a next-generation entertainment medium that leverages cutting-edge technologies to create immersive and visually stunning experiences. The first Sphere venue in Las Vegas, which opened in September 2023, features the world's highest resolution LED interior display and the largest programmable LED exterior, known as the Exosphere. This venue has quickly become a landmark, captivating audiences with dynamic visuals and hosting notable events such as custom Super Bowl content.

MSG Networks operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, along with the direct-to-consumer streaming service MSG+. These platforms deliver a broad range of live sports content, including NBA and NHL games, enriching the sports viewing experience for fans.

Tao Group Hospitality adds another layer to Sphere Entertainment's offerings by managing high-end restaurants, nightclubs, and other hospitality properties, thereby enhancing the company’s revenue streams and market presence.

Recent achievements include the appointment of Laura Franco as Executive Vice President and General Counsel, bringing over 30 years of legal expertise to the company. Sphere Entertainment has also partnered with leading brands like the NFL and Hitachi Vantara, showcasing its Exosphere during Super Bowl LVIII and utilizing Hitachi's data processing software to power its LED displays.

Sphere Entertainment's financial performance has shown robust growth, with significant revenue increases and positive adjusted operating income in its first full quarters of operation. The company reported fiscal 2024 second-quarter revenues of $314.2 million and fiscal 2024 third-quarter revenues of $321.3 million, driven by strong demand for Sphere's unique offerings.

In 2024, Sphere Entertainment completed the full acquisition of HOLOPLOT GmbH, a leader in 3D audio technology, further solidifying its commitment to cutting-edge immersive experiences. Additionally, initiatives like the Sphere XO Student Design Challenge engage the local community and inspire future generations of artists and technologists.

With strategic growth initiatives and a commitment to delivering unparalleled entertainment experiences, Sphere Entertainment Co. is poised to continue its trajectory of innovation and market leadership.

News

SPHERE ENTERTAINMENT AND HITACHI VANTARA REVEAL NEW DETAILS ON POWERING HIGH-RESOLUTION VIDEO CONTENT AT SPHERE

Rhea-AI Summary
Sphere Entertainment Co. and Hitachi Vantara collaborate to deliver immersive content on Sphere's massive LED displays in Las Vegas. Hitachi Vantara's software technology enables high-resolution, low-latency streaming for a captivating audience experience.
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SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS

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Sphere Entertainment Co. (SPHR) reported financial results for the fiscal second quarter, with revenues of $314.2 million, an increase of $154.6 million compared to the prior year quarter. However, the company reported an operating loss of $159.7 million, and an adjusted operating income of $51.4 million. The Sphere segment reported revenues of $167.8 million, an increase of $167.2 million compared to the prior year quarter. On the other hand, the MSG Networks segment reported total revenues of $146.4 million, a decrease of $12.5 million compared to the prior year quarter.
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SPHERE AND NFL COLLABORATE ON CUSTOM SUPER BOWL CONTENT FOR THE EXOSPHERE CREATED EXCLUSIVELY BY SPHERE STUDIOS

Rhea-AI Summary
Sphere Entertainment Co. (NYSE: SPHR) has announced a collaboration with the NFL to display custom Super Bowl LVIII content on its fully programmable LED exterior, the Exosphere, throughout Super Bowl Week. The company will also be featured in CBS Sports' coverage of the event. The collaboration aims to showcase the power of Sphere's digital canvas and bring fans together around the Super Bowl. The content created by Sphere Studios for the Exosphere is expected to surprise and delight fans, adding a unique element to the first-ever Las Vegas Super Bowl and the game broadcast.
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MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT NAME LAURA FRANCO EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL

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Madison Square Garden Entertainment Corp. (NYSE: MSGE) and Sphere Entertainment Co. (NYSE: SPHR) have appointed Laura Franco as the Executive Vice President and General Counsel for both companies. Ms. Franco, with over 30 years of legal experience, will oversee all legal functions across various disciplines, supporting long-term direction and growth.
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PEPSICO NAMED AN OFFICIAL PARTNER OF SPHERE

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Sphere Entertainment Co. (NYSE: SPHR) has announced a new partnership with PepsiCo (NASDAQ: PEP), making the global beverage and foods company an official partner of Sphere, the next-generation entertainment venue in Las Vegas. PepsiCo products will be available at all Sphere events, concession stands, grab and go stations, and in the venue's suites, offering guests a wide range of drinks and snacks from PepsiCo's portfolio. This partnership extends across the MSG Family of Companies, including the New York Knicks and Rangers, Madison Square Garden, and more. PepsiCo's Chief Marketing Officer, Scott Finlow, expressed excitement about the opportunity to connect their brands with visitors from around the world at Sphere's unique Exosphere.
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Sphere Entertainment Co. to Host Fiscal 2024 Second Quarter Conference Call

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Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss its fiscal second-quarter results on February 5, 2024. The call will be available via telephone and webcast, with a recording accessible afterward. Investors and analysts can access the call replay and webcast replay on the company's website until February 12, 2024.
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SPHERE ENTERTAINMENT NAMES JENNIFER KOESTER PRESIDENT, SPHERE BUSINESS OPERATIONS

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Sphere Entertainment Co. (SPHR) announced the appointment of Jennifer Koester as President, Sphere Business Operations. Ms. Koester brings over 25 years of diverse experience in technology and entertainment brands, including her most recent role at Google. Her responsibilities will include leading the strategy and execution of all business aspects of Sphere, driving strategic partnerships, and developing a corporate conference business. She will report to James Dolan, Executive Chairman and CEO of Sphere Entertainment.
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The YES Network and MSG Networks Form Gotham Advanced Media and Entertainment (GAME), a New Technology, Sports and Entertainment Streaming Joint Venture

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YES Network (YES) and MSG Networks (MSGN) form Gotham Advanced Media and Entertainment (GAME), a 50/50 joint venture to provide turn-key digital content distribution services and state-of-the-art streaming technology. The new venture aims to leverage technical and operational synergies to offer platform technology, operational support, and comprehensive data analytics to third parties. The joint venture seeks to enhance the fan experience and develop new product offerings, premium features, and functionality to serve audiences while providing a scalable tech solution for third-party content owners.
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SPHERE AND ICRAVE REVEAL INNOVATIVE INTERIOR DESIGN DETAILS FROM LAS VEGAS' NEWEST ENTERTAINMENT DESTINATION

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Sphere Entertainment (NYSE: SPHR) collaborates with ICRAVE for interior, wayfinding, and lighting design in next-gen venues
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Sphere Entertainment Co. Announces Pricing of $225 Million Offering of Convertible Senior Notes

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Sphere Entertainment Co. (NYSE: SPHR) announced the pricing of $225 million aggregate principal amount of 3.50% convertible senior notes due 2028 in a private offering to qualified institutional buyers. The notes will mature on December 1, 2028, with an initial conversion price of approximately $35.51 per share, representing a 25.0% premium to the last reported sale price. The net proceeds are estimated to be approximately $217.8 million, with the intent to use the funds for general corporate purposes and Sphere-related growth initiatives.
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FAQ

What is the current stock price of Sphere Entertainment Co. (SPHR)?

The current stock price of Sphere Entertainment Co. (SPHR) is $38.7 as of December 20, 2024.

What is the market cap of Sphere Entertainment Co. (SPHR)?

The market cap of Sphere Entertainment Co. (SPHR) is approximately 1.3B.

What is Sphere Entertainment Co.?

Sphere Entertainment Co. (NYSE: SPHR) is a live entertainment and media company known for its innovative technologies, including the Sphere venue in Las Vegas, MSG Networks, and Tao Group Hospitality.

When did the first Sphere venue open?

The first Sphere venue opened in Las Vegas in September 2023, featuring the world's highest resolution LED interior display and the largest programmable LED exterior, known as the Exosphere.

What are the primary business segments of Sphere Entertainment Co.?

The company's core business segments are Sphere, MSG Networks, and Tao Group Hospitality.

Who is the Executive Vice President and General Counsel of Sphere Entertainment Co.?

Laura Franco, an executive with over 30 years of legal experience, was named Executive Vice President and General Counsel in February 2024.

What notable partnerships has Sphere Entertainment Co. established recently?

Sphere Entertainment has partnered with the NFL for Super Bowl LVIII content and with Hitachi Vantara for data processing solutions in powering its LED displays.

How has Sphere Entertainment Co. performed financially recently?

The company reported significant revenue growth with fiscal 2024 second-quarter revenues of $314.2 million and third-quarter revenues of $321.3 million, driven by strong demand for its offerings.

What is the Sphere XO Student Design Challenge?

The Sphere XO Student Design Challenge is a collaboration with the Clark County School District and UNLV, allowing students to create art for the Exosphere. Winning entries will be displayed on the Exosphere and receive scholarships or school donations.

What is HOLOPLOT and how is it related to Sphere Entertainment?

HOLOPLOT is a global leader in 3D audio technology. Sphere Entertainment fully acquired HOLOPLOT in 2024 to enhance its immersive audio experiences, including the Sphere Immersive Sound system.

What is MSG+?

MSG+ is a direct-to-consumer streaming service operated by MSG Networks, part of Sphere Entertainment Co., delivering a wide range of live sports content.

What makes Sphere in Las Vegas unique?

Sphere in Las Vegas is unique for its next-generation entertainment medium powered by the highest resolution LED interior display and the Exosphere, the largest programmable LED exterior, creating immersive and visually stunning experiences.

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Sphere Entertainment Co.

NYSE:SPHR

SPHR Rankings

#2292 Ranked by Market Cap
N/A Ranked by Dividends

SPHR Stock Data

1.34B
27.13M
6.2%
120.36%
23.82%
Entertainment
Services-amusement & Recreation Services
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