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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.

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MSG Networks announces new streaming product MSG+ with various subscription options and single game purchase option for $9.99 per game. Bayer and Aleve brand serve as presenting partner. Preseason hockey begins on September 24th.
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Aura the Robot to serve as a guide and interact with guests at Sphere in Las Vegas, transforming the guest experience
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MSG Entertainment, Sphere Entertainment, and OVG announce the founding of Crown Properties Collection to manage global partnerships for premier assets including Sphere and MSG's venues and sports teams. Jay Voelker appointed as president.
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Sphere Entertainment Co. announced a brand campaign on their fully programmable LED exterior, the Exosphere, in support of NFL Sunday Ticket. YouTube will premiere the campaign, which transforms the Exosphere into helmets of all 32 NFL teams. The multi-week campaign starts on Sept. 1 and runs through the beginning of the NFL season. The Exosphere is the largest LED screen on Earth, consisting of 1.2 million LED pucks spaced eight inches apart.
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Anadol to debut AI Data Sculpture Machine Hallucinations: Sphere on Sphere's fully programmable exterior starting September 1
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Sphere Entertainment Co. reports Q4 and full-year 2023 financial results, with revenues of $129.1 million for Q4 and $573.8 million for the full year, representing decreases of 8% and 6% respectively compared to the prior year. The Company also reports an operating loss of $70.3 million for Q4 and $273.0 million for the full year, as well as an adjusted operating loss of $59.8 million for Q4 and $122.5 million for the full year, both showing increases compared to the prior year. Sphere segment reports an increase in Q4 revenues to $0.7 million, while MSG Networks segment reports a decrease in Q4 revenues to $128.4 million, primarily due to a decrease in subscribers. Sphere in Las Vegas is set to open on September 29th with U2 as the first performer.
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Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss its fiscal Q4 and full-year results on August 22, 2023. The call will be available via telephone and webcast. A recording of the call will also be accessible.
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Sphere Entertainment Co. has unveiled Sphere Immersive Sound, a next-generation audio system powered by HOLOPLOT. The system provides crystal-clear, individualized sound to every seat in Sphere, a new entertainment venue opening in Las Vegas. Sphere Immersive Sound is the world's largest concert-grade audio system, consisting of 1,600 permanently installed and 300 mobile loudspeaker modules. It utilizes 3D Audio-Beamforming and Wave Field Synthesis technology to deliver controlled and consistent audio for up to 20,000 people. The entire sound system is hidden behind Sphere's interior LED display plane, creating a fully immersive environment.
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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 $42.07 as of November 20, 2024.

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

The market cap of Sphere Entertainment Co. (SPHR) is approximately 1.5B.

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.

Sphere Entertainment Co.

NYSE:SPHR

SPHR Rankings

SPHR Stock Data

1.49B
27.13M
6.2%
120.55%
20.91%
Entertainment
Services-amusement & Recreation Services
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United States of America
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