"Las Vegas Sphere's Revenue Skyrockets to $314M in First Full Quarter"
TL;DR Summary
Sphere, the new music venue in Las Vegas, reported an operating loss of $193.9 million on revenue of $167.8 million in its first full quarter of operation, with nearly half of its revenue coming from performances and concerts. Despite the losses, the venue has a full calendar for 2024, including upcoming runs by Phish and Dead & Company. The company is also exploring international expansion and saw its shares rise after the earnings announcement.
- Sphere Losses Grow as Venue Prepares Full Calendar for 2024 Billboard
- The Las Vegas Sphere Earned an Astonishing Amount of Money in Its First Quarter Yahoo Life
- Sphere Entertainment Reports $314M Revenue in Q2 Earnings Sportico
- Sphere Entertainment Posts Revenue of $314M in First Full Quarter as a Public Company Hollywood Reporter
- Sphere in Las Vegas made $167.8M in revenue for first three full months WKRC TV Cincinnati
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