Sphere Entertainment Co Stock Price, News & Analysis

Sphere Entertainment (NYSE:SPHR) has announced significant share repurchase activity, buying back 425,219 shares at an average price of $52.91 per share, totaling approximately $22.5 million between September 3-11, 2025.

Year-to-date, SPHR has repurchased a total of 1,054,247 shares at an average price of $47.43, amounting to $50 million. The company, which funded these purchases with cash on hand, still has approximately $300 million remaining under its current share repurchase authorization and plans to evaluate additional opportunistic buybacks.

Sphere Entertainment (NYSE:SPHR) has executed a significant share repurchase program, buying back 629,028 shares of its Class A common stock at an average price of $43.72 per share, totaling approximately $27.5 million.

The repurchases were conducted between August 21-29, 2025, using available cash on hand. The company views these buybacks as a demonstration of confidence in its Sphere business's long-term growth potential. Notably, Sphere Entertainment still maintains approximately $322.5 million in its existing share repurchase authorization for potential future buybacks.

Sphere Entertainment (NYSE:SPHR) reported Q2 2025 financial results with total revenues of $282.7 million, up 3% year-over-year. The company's operating loss improved by $21.2 million to $50.2 million, while adjusted operating income increased by $35.8 million to $61.5 million.

The Sphere segment generated $175.6 million in revenue, a 16% increase, driven by more corporate events and concert residencies. The Sphere Experience surpassed 4 million tickets sold since October 2023. MSG Networks segment revenue declined 12% to $107.1 million, primarily due to a 13% decrease in subscribers.

Notably, MSG Networks completed a significant credit facilities restructuring, including replacing its $804 million term loan with a new $210 million facility and amending media rights agreements with the NY Knicks and Rangers, resulting in a $346.1 million gain on debt extinguishment.

Sphere Entertainment (NYSE:SPHR) and Lenovo announced that Lenovo's annual Tech World event will be held at the Sphere in Las Vegas during CES 2026. The event will feature Lenovo's Chairman and CEO Yuanqing Yang delivering a CES keynote on January 6, 2026, at 17:00 PT.

As part of a multi-year global partnership, Lenovo becomes An Official Technology Partner of Sphere Studios, providing high-performance workstations and infrastructure platforms for immersive content creation. The event will showcase Lenovo's AI-driven innovation strategy, including developments in F1 racing, plans for the AI-powered FIFA World Cup, and enterprise AI solutions.

The 11th annual Tech World will demonstrate Lenovo's leadership in hybrid AI and showcase how their technology is transforming various industries, from education to healthcare and manufacturing.

Sphere Entertainment Co. (NYSE: SPHR) has scheduled its second quarter 2025 earnings conference call for Monday, August 11, 2025, at 10:00 a.m. Eastern Time. The company will release its financial results for the quarter ended June 30, 2025, before the market opens on the same day.

Participants can join via telephone by dialing 888-800-3155 with conference ID 8089430. The call will also be available through webcast on the company's investor relations website. A replay will be accessible until August 18, 2025, through both telephone (800-770-2030) and webcast options.

Sphere Entertainment (NYSE: SPHR) and The Venetian Resort Las Vegas have unveiled a new immersive activation celebrating The Wizard of Oz at Sphere, opening August 28, 2025. The free exhibition, running through year-end, features life-size characters from the film and 5,000 silk poppies in the Waterfall Atrium.

The Wizard of Oz at Sphere will showcase the classic film on a massive 160,000 sq. ft. display plane, enhanced with 167,000 programmable speakers and 4D elements including wind effects, fog, and haptic seats. Tickets start at $104, with exclusive hotel packages available through The Venetian Resort.

Sphere Entertainment Co. (NYSE: SPHR) has unveiled groundbreaking sound technology details for The Wizard of Oz at Sphere, premiering August 28, 2025. The immersive experience features Sphere Immersive Sound's 167,000 programmable speakers and innovative audio processing that separated the original 1939 film's mono audio into individual stems.

The project includes a meticulously re-recorded orchestral score featuring 80+ musicians playing in 1930s style, while preserving the original vocal performances. The venue's revolutionary infrasound and haptic seat technology will create physical sensations and tones, enhancing key moments throughout the film. Tickets start at $104, with the experience utilizing Sphere's 160,000 sq. ft. interior display alongside environmental effects and custom scents.

Sphere Entertainment (NYSE: SPHR) announces ticket sales for The Wizard of Oz at Sphere, opening August 28, 2025, in Las Vegas. This groundbreaking immersive experience, created in collaboration with Warner Bros. Discovery, Google, and Magnopus, transforms the classic 1930s film into a 160,000 sq. ft. wraparound visual spectacle. The venue features haptic seats, environmental effects, custom scents, and 167,000 speakers for remastered audio. Tickets start at $104, with the 75-minute experience showing multiple times daily. To promote the launch, Sphere unveiled an outdoor installation featuring the Wicked Witch of the East's 50-foot-long legs with 22-foot-tall ruby slippers. The project involved over a thousand artists, technologists, and researchers, led by a team including Academy Award winners and nominees.

Sphere Entertainment Co. (NYSE: SPHR) reported Q1 2025 financial results with total revenues of $280.6 million, down 13% year-over-year. The company posted an operating loss of $78.6 million and adjusted operating income of $36.0 million. The Sphere segment generated $157.5 million in revenue (down 8%) with new partnerships with Pepsi and Google. Event highlights include Dead & Company's 18-show residency and upcoming performances by Kenny Chesney and Backstreet Boys. MSG Networks segment revenue declined 19% to $123.0 million, impacted by the temporary Altice non-carriage period. Notably, MSG Networks entered a Transaction Support Agreement to restructure its $804 million debt, which includes reducing it to a new $210 million term loan facility and implementing rights fee reductions with the Knicks (28%) and Rangers (18%).