Sphere Entertainment Co. (NYSE: SPHR) saw its shares stumble Tuesday on financial results for the third quarter ended September 30, 2025.
Recent highlights for the Company’s Sphere segment include:
The Company’s new Sphere Experience, The Wizard of Oz at Sphere, debuted on August 28th and surpassed one million tickets sold in mid-October;
Backstreet Boys – the venue’s first pop act – completed the initial 21 shows of a 35-show run, which was followed by the start of Insomniac and Tomorrowland’s electronic dance music event, ‘Unity’, and the continuation of the Eagles’ residency; and
The Company announced multi-year sponsorship agreements with Zoox and Lenovo, with Lenovo also slated to hold a Consumer Electronics Show keynote at Sphere in January 2026.
In addition, during the third quarter, the Company repurchased approximately $50 million of its Class A common stock, reflecting the Company’s confidence in the long-term growth potential of its Sphere business.
This morning’s news release goes on to say for the three months ended September 30, 2025, the Company reported revenues of $262.5 million, an increase of $34.6 million, or 15%, as compared to the prior year quarter. In addition, the Company reported an operating loss of $129.7 million, an increase of $12.1 million, and adjusted operating income of $36.4 million, an increase of $46.6 million, both as compared to the prior year quarter.
SPHR shares dropped 41 cents to $65.93.
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