Sphere Entertainment posts 2023 financials

James Dolan’s Sphere Entertainment has posted revenue of US$573.8 million (€531m) and an operating loss of $273m for the 2023 financial year ahead of next month’s launch of its next-generation Las Vegas venue.

The Madison Square Garden (MSG) spin-off encompasses the first Sphere venue – the 17,500-seat/20,000-cap Sphere at The Venetian in Las Vegas – as well as MSG Networks MSG Networks and Tao Group Hospitality businesses.

For the fiscal 2023 fourth quarter, Sphere Entertainment reported revenues of $129.1m, plus…

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