Sphere Entertainment Swings to Q2 Earnings, Revenue Increases

MT Newswires Live

08/11

Sphere Entertainment (SPHR) reported Q2 earnings from continuing operations of $3.39 per diluted share, swinging from a $2.00 loss per share a year earlier.

Three analysts polled by FactSet expected a $1.44 loss per share.

Revenue for the quarter ended June 30 was $282.7 million, compared with $273.4 million a year earlier.

Analysts polled by FactSet expected $287.6 million.

Shares of Sphere Entertainment were up more than 12% in recent premarket activity Monday.

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