Sphere Entertainment Swings to Q2 Net Loss, Revenue Rises

MT Newswires Live

07/30

Sphere Entertainment (SPHR) reported a Q2 net loss Thursday of $1.07 per diluted share, swinging from net income of $3.39 a year earlier.

Analysts polled by FactSet expected a loss of $1.57.

Revenue for the quarter ended June 30 was $313.6 million, up from $282.7 million a year earlier.

Analysts expected revenue of $307.4 million.

The company's shares were up 2.5% in premarket activity.

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