SPHERE ENTERTAINMENT CO (SPHR) experienced a significant intraday surge of 15.58% on Thursday, driven by the company's release of better-than-expected fourth quarter and full year 2025 financial results.
The live entertainment and media company reported quarterly earnings of $1.23 per share, dramatically exceeding analyst expectations of a $0.22 loss and representing a substantial swing from losses of $3.49 per share during the same period last year. Quarterly revenue reached $394.3 million, surpassing estimates of $377.75 million and marking a 27.89% year-over-year increase.
The company attributed the strong performance to higher per-show revenue, particularly from 'The Wizard of Oz at Sphere' experience in Las Vegas, which drove increased sponsorship, advertising, and suite-license fees. Additionally, Sphere Entertainment reported a 138% increase in adjusted operating income for the full year 2025 to $261.8 million, while also announcing expansion plans including new Sphere venues at National Harbor in Maryland and Abu Dhabi.