Sphere Ent revenues top $1 billion for fiscal 2024
The company behind the groundbreaking Las Vegas venue has seen its share price soar in the wake of its latest financial results
News By James Hanley | 15 August 2024
Shares in the company behind the Sphere in Las Vegas have jumped almost 10% following publication of the firm’s fiscal 2024 financial results.
Sphere Entertainment posted full-year revenues of $1.03 billion (+$453m on the prior year), with an operating loss of $341.2m (+$68.2m) and adjusted operating income of $80.7m (+$203.3m).
For the fiscal Q4 2024, the firm reported revenues of $273.4m – an increase of $144.3m compared to the prior year quarter – for an operating loss of $71.4m (+$1m). AOI was $25.7m (+$85.5m).
The…
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