Sphere Entertainment Grateful for Dead & Co. Residency [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
Revenue more than doubled year-over-year as the Sphere opened in Las Vegas last September and contributed more than $150 million in Q4. The quarter included part of a 30-show Dead & Co. residency. Sphere Entertainment ( SPHR ) shares are rocking Wednesday after the iconic Las Vegas venue owner posted a narrower-than-expected loss in its fiscal fourth quarter. The company reported total revenue of $273.4 million, a tick above estimates and more than doubling year-over-year as the Sphere opened in Las Vegas last September and contributed more than $150 million in Q4. The quarter included a portion of a 30-show Dead & Co. residency that began in May and concluded in early August. Coming up, the Eagles are set to begin a 20-show residency starting in September. The company's diluted loss per share was $1.31, much narrower than consensus analysts' expectations, per Visible Alpha. The company posted a $15.24-per-share profit last year prior to the Sphere's opening. CEO Says Sph
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News
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