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Sphere Entertainment Co. (SPHR)
:SPHR
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-2.26Last Year’s EPS
-1.33Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -24.85%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights strong revenue performance and growth in the Sphere segment, successful concert residencies, and robust sponsorship demand. However, there are challenges with MSG Networks' declining revenue and subscriber base, a significant goodwill impairment charge, and an operating loss in the Sphere segment. Despite these challenges, the company's strong liquidity position and strategic initiatives suggest a positive outlook.Company Guidance
During the Sphere Entertainment Company's earnings call for the fiscal period ending December 31, 2024, the company provided guidance focused on driving profitable growth through several strategic initiatives. Jim Dolan, the Executive Chairman and CEO, highlighted the development of new productions to expand their original content library and the promotion of concert residencies, including upcoming shows by Kenny Chesney and the Backstreet Boys. The company reported total revenues of $308.3 million and an adjusted operating income of $32.9 million for the December quarter. The Sphere segment alone generated $169 million in revenue, though it reported an adjusted operating loss of $800,000. The Sphere experience in Las Vegas has generated over $450 million in high-margin revenue, indicating strong demand and successful pricing strategies. Robert Langer, the new EVP and CFO, mentioned that the company is optimistic about revenue growth and cost efficiencies for the upcoming year, aiming to improve adjusted operating income significantly. The call also touched on expansion plans, with ongoing work on a second Sphere in Abu Dhabi and potential designs for smaller Spheres in other markets. The company ended the year with approximately $502 million in unrestricted cash and cash equivalents, and a debt balance of about $1.36 billion.Total Revenue and Adjusted Operating Income
Sphere Entertainment Company generated total revenues of $308.3 million and adjusted operating income of $32.9 million for the December quarter.
Sphere Segment Revenue Growth
Sphere segment generated $169 million in revenue, with $87 million from Sphere experience across 190 shows in the December quarter, showing strong performance.
Successful Concert Residencies
Kenny Chesney and Backstreet Boys announced for 15 and 18-show residencies, respectively, highlighting strong interest from artists.
Strong Sponsorship and Advertising Demand
Solid advertising demand for the Exosphere at the end of 2024 continues into the new year, indicating robust sponsorship interest.
Cash and Liquidity Position
Company holds $502 million in unrestricted cash and cash equivalents, with $400 million at the Sphere segment, indicating a strong liquidity position.
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SPHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $43.63 | $37.69 | -13.61% |
| Nov 12, 2024 | $44.03 | $40.96 | -6.97% |
| Aug 14, 2024 | $40.76 | $44.55 | +9.30% |
| May 10, 2024 | $41.26 | $39.26 | -4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sphere Entertainment Co. (SPHR) report earnings?
Sphere Entertainment Co. (SPHR) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Sphere Entertainment Co. (SPHR) earnings time?
Sphere Entertainment Co. (SPHR) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPHR EPS forecast?
SPHR EPS forecast for the fiscal quarter 2025 (Q3) is -2.26.
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