Sphere Entertainment Stock Drops as Firm Says MSG Networks Bankruptcy Possible [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
Shares of Sphere Entertainment ( SPHR ) slid Monday after the company reported declining second-quarter revenue and said its MSG Networks unit may pursue bankruptcy if it can't refinance its debt. Sphere, which operates the eponymous concert and entertainment arena in Las Vegas, posted quarterly revenue that fell 2% year-over-year to $308.3 million, although it was higher than Visible Alpha estimates. The company registered a loss of $3.49 per share, more than a dollar wider than analysts' expectations. While revenue at the Sphere venue ticked 1% higher to $169.0 million, it fell 5% to $139.3 million at the firm's MSG Networks division. Sphere Entertainment said if it can't refinance the regional sports network's debt that came due Oct. 11, "it is probable that MSG Networks and/or its subsidiaries would seek bankruptcy protection or the lenders would foreclose on the MSG Networks collateral securing the credit facilities." Sphere Entertainment shares fell more than 5% to $41.43
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News
- Sphere Entertainment (SPHR) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Sphere Entertainment (NYSE:SPHR) had its price target raised by analysts at Bank of America Corporation from $48.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
- Sphere Entertainment (SPHR) Stock Is Up, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Sphere Entertainment (NYSE:SPHR) had its "buy" rating reaffirmed by analysts at Craig Hallum.MarketBeat
- The Rock-It Company Appoints David Byrnes as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
SPHR
Earnings
- 11/4/25 - Miss
SPHR
Sec Filings
- 12/5/25 - Form SCHEDULE
- 11/26/25 - Form 3
- 11/25/25 - Form 144
- SPHR's page on the SEC website