Sphere Entertainment Co (N:SPHR)
Business Focus: Entertainment Production
| Sector: Consumer Cyclicals | Industry: Entertainment Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Two Pennsylvania Plaza NEW YORK NY 10121 |
| Tel: | 1-212-6315422 |
| Website: | https://www.msgentertainment.com |
| IR: | See website |
| Key People | ||
| James Lawrence Dolan Executive Chairman of the Board, Chief Executive Officer | David F. Byrnes Chief Financial Officer, Executive Vice President, Treasurer | Andrea Greenberg President, Chief Executive Officer - MSG Networks |
| Laura Franco Executive Vice President, General Counsel | David Granville-Smith Executive Vice President | Gregory Brunner Senior Vice President, Principal Accounting Officer, Controller |
| Business Overview |
| Sphere Entertainment Co. is a live entertainment and media company. The Company's portfolio includes Sphere, which is a live entertainment medium. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. MSG Networks serves a media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut, and Pennsylvania. MSG Networks features live local games from five professional sports franchises along with a compelling lineup of original programming. The Company's wholly owned subsidiary is HOLOPLOT GmbH (HOLOPLOT), which is a pro audio company from Berlin, driven by enabling the next generation of audio experiences and transforming the way society engages with sound. |
| Financial Overview |
| For the nine months ended 31 March 2024, Sphere Entertainment Co revenues increased 69% to $753.5M. Net loss before extraordinary items decreased 19% to $153.4M. Revenues reflect Sphere segment increase from $1.9M to $345.9M. Lower net loss reflects MSG Networks segment income increase of 48% to $106M. Basic Earnings per Share excluding Extraordinary Items increased from -$5.45 to -$4.32. |
| Employees: | 690 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $882.59M as of Mar 31, 2024 |
| EBITDA (TTM): | -$44.52M as of Mar 31, 2024 |
| Net annual income (TTM): | $208.31M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 35,327,875 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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