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"Las Vegas Sphere's Revenue Skyrockets to $314M in First Full Quarter"

1 min read
Source: Billboard
"Las Vegas Sphere's Revenue Skyrockets to $314M in First Full Quarter"
Photo: Billboard
TL;DR

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.

Topics:businessbusiness-entertainment#business-entertainment#las-vegas#music-venue#operating-loss#revenue#sphere
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  1. Sphere Losses Grow as Venue Prepares Full Calendar for 2024  Billboard
  2. The Las Vegas Sphere Earned an Astonishing Amount of Money in Its First Quarter  Yahoo Life
  3. Sphere Entertainment Reports $314M Revenue in Q2 Earnings  Sportico
  4. Sphere Entertainment Posts Revenue of $314M in First Full Quarter as a Public Company  Hollywood Reporter
  5. Sphere in Las Vegas made $167.8M in revenue for first three full months  WKRC TV Cincinnati

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