Sphere Entertainment Co. (NYSE: SPHR) has announced the repurchase of 629,028 units of its Class A common stock at an average price of 43.72 per unit, amounting to a total transaction value of approximately 27.5 million. The buyback, conducted from August 21, 2025, through August 29, 2025, was funded using cash on hand. This move underscores the company's confidence in the long-term growth potential of its Sphere business. Sphere Entertainment Co. has approximately 322.5 million remaining under its existing share repurchase authorization for future buybacks.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sphere Entertainment Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902431516) on September 03, 2025, and is solely responsible for the information contained therein.