NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2024. Recent Sphere operating highlights include: In October, the Company and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced plans to make Abu Dhabi the next Sphere location under a franchise model;The Company announced new multi-year marketing partnerships with Verizon and DCT Abu Dhabi;V-U2 An Immersive Concert Film debuted in September, joining

NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE:SPHR) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2024 on Tuesday, November 12, 2024 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-800-3155 with the conference ID number 8089430 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.sphereentertainmentco.com under the heading "Events." For those w

MSG Family Of Companies And DCT Abu Dhabi Announce Multi-Year Marketing Partnerships Across Marquee Assets In New York And Las Vegas  NEW YORK and ABU DHABI, United Arab Emirates, Oct. 17, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") today announced a new marketing partnership naming 'Experience Abu Dhabi' as the Official Patch Partner of the New York Knicks, forging a significant integration between DCT Abu Dhabi and one of the most storied franchises in professional sports. Furthermore, Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment") and Sphere Entertai

NEW YORK and ABU DHABI, UAE, Oct. 15, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE:SPHR) ("Sphere Entertainment") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced today that they will work together to bring the world's second Sphere to Abu Dhabi, United Arab Emirates. This next-generation entertainment medium is expected to be a landmark addition to this premier international capital city, elevating the entertainment offerings for residents and visitors alike. "The vision for Sphere has always included a global network of venues, and tod

NEW YORK and ABU DHABI, United Arab Emirates, Oct. 15, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE:SPHR) ("Sphere Entertainment") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced today that they will work together to bring the world's second Sphere to Abu Dhabi, United Arab Emirates. This next-generation entertainment medium is expected to be a landmark addition to this premier international capital city, elevating the entertainment offerings for residents and visitors alike. "The vision for Sphere has always included a global network o

NEW YORK, Oct. 8, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE:SPHR) ("Sphere Entertainment" or the "Company") announced today that Mr. David F. Byrnes, the Company's Executive Vice President, Chief Financial Officer and Treasurer, will be leaving the Company. The Company will commence a search for a new Chief Financial Officer and Treasurer. Mr. Byrnes will continue in his current role for an interim period to facilitate a smooth transition. Mr. Byrnes has served as Executive Vice President, Chief Financial Officer and Treasurer of the Company since December 2023. Prio

New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE:MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE:SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE:VZ), naming America's leading telecommunications company the Official Mobile Wireless Par

Sold-Out Spectacle Also Sets Numerous Other Records While Raising the Bar for Live Sports and Entertainment with Tech and Production Innovations UFC®, part of TKO Group Holdings (NYSE:TKO), and Sphere Entertainment Co. (NYSE:SPHR) today announced that UFC 306 at RIYADH SEASON NOCHE UFC held on September 14 at Sphere in Las Vegas set a number of records, including highest-grossing UFC event of all time and highest-grossing single event at Sphere, with a gate of $22 million and a sold out crowd of 16,024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924076472/en/UFC 306 at RIYADH SEASON NOCHE UFC held on September 14 at Spher

The Gotham Sports App Will Become The Exclusive TV Everywhere And DTC Streaming Home Of MSG+ and The YES App NEW YORK, Aug. 28, 2024 /PRNewswire/ -- Gotham Advanced Media and Entertainment ("GAME"), the digital joint venture between MSG Networks and the YES Network formed earlier this year, will launch The Gotham Sports App this fall prior to the NBA and NHL regular seasons.  The app will house MSG+ and the YES App under one roof – becoming the exclusive regional TV Everywhere and direct-to-consumer streaming home of each programming service, featuring the New York Knicks, New York Rangers, New Jersey Devils, New York Islanders, Buffalo Sabres, Brooklyn Nets and New York Yankees. 

FILM TRAILER HERE OPENS THURSDAY, SEPTEMBER 5, 2024 ONLY AT SPHERE LAS VEGAS, Aug. 21, 2024 /PRNewswire/ -- Sphere Entertainment Co. announced today a one-of-a-kind cinematic experience to be shown exclusively at Sphere.  V-U2 An Immersive Concert Film at Sphere Las Vegas, directed by Morleigh Steinberg and The Edge, showcases the history-making and future-defining U2:UV show directed by Willie Williams that played to over 700,000 fans from 100+ countries across 40 sold-out dates from September 2023 through March 2024. V-U2 is the first film ever to be shot entirely with Big Sky, the groundbreaking ultra-high-resolution camera system developed by Sphere Entertainment. V-U2 does not just capt

Wolfe Research upgraded Sphere Entertainment Co. from Peer Perform to Outperform and set a new price target of $60.00

The Benchmark Company downgraded Sphere Entertainment Co. from Hold to Sell and set a new price target of $40.00

JP Morgan upgraded Sphere Entertainment Co. from Neutral to Overweight and set a new price target of $57.00 from $37.00 previously

Seaport Research Partners upgraded Sphere Entertainment Co. from Neutral to Buy and set a new price target of $48.00

The Benchmark Company initiated coverage of Sphere Entertainment Co. with a rating of Hold

Seaport Research Partners downgraded Sphere Entertainment Co. from Buy to Neutral

BofA Securities initiated coverage of Sphere Entertainment Co. with a rating of Neutral and set a new price target of $43.00

Wolfe Research initiated coverage of Sphere Entertainment Co. with a rating of Peer Perform

Seaport Research Partners upgraded Sphere Entertainment Co. from Neutral to Buy and set a new price target of $38.00

Guggenheim upgraded Sphere Entertainment Co. from Neutral to Buy and set a new price target of $40.00 from $38.00 previously

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Benchmark analyst Mike Hickey initiates coverage on Sphere Entertainment (NYSE:SPHR) with a Hold rating.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume PINS CALL SWEEP BULLISH 07/19/24 $41.50 $25.2K 11 1.4K META CALL TRADE BULLISH 07/19/24 $495.00 $69.2

Morgan Stanley analyst Benjamin Swinburne maintains Sphere Entertainment (NYSE:SPHR) with a Equal-Weight and raises the price target from $42 to $45.

- SEC Filing

Guggenheim analyst Ian Zaffino maintains Sphere Entertainment (NYSE:SPHR) with a Buy and lowers the price target from $48 to $43.

New York Mets owner Steve Cohen‘s new stake in Sphere Entertainment Co (NYSE:SPHR) could signal a future bet on more sports-related events at the ball-shaped venue. What Happened: Cohen's Point72 Asset Management hedge fund recently disclosed a 5.5% stake in Sphere Entertainment with 1.56 million shares, including options, owned. The stake comes after Cohen previously owned a stake in the company, but sold it earlier this year. James Dolan, who co-owns the New York Knicks and New York Rangers, has voting control over Sphere with his family's stake. The Sphere is set to host the 2024 NHL Draft on Friday, June 28 and Saturday, June 29. ESPN and ESPN+ are set to broadcast the two-d

Gainers Society Pass (NASDAQ:SOPA) stock increased by 10.4% to $1.49 during Monday's after-market session. The company's market cap stands at $3.9 million. E W Scripps (NASDAQ:SSP) stock moved upwards by 3.96% to $2.1. The market value of their outstanding shares is at $179.3 million. Sphere Entertainment (NYSE:SPHR) shares moved upwards by 3.45% to $35.68. The market value of their outstanding shares is at $1.2 billion. Anghami (NASDAQ:ANGH) stock moved upwards by 2.94% to $1.05. The market value of their outstanding shares is at $70.0 million. Collective Audience (NASDAQ:CAUD) stock increased by 2.83% to $0.47. The company's market cap stands at $6.4 million. Kuke Music Hldg (NYSE:KU

 Sphere Entertainment Co. (NYSE:SPHR) today announced that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Ms. Koester most recently served as the Company's President, Sphere Business Operations, where she has played a critical role in leading the strategy and execution of all business aspects of Sphere, a next-generation entertainment medium in Las Vegas.

Sphere Entertainment Co (NYSE:SPHR) reported third-quarter FY24 sales growth of 98% year-on-year to $321.3 million, missing the analyst consensus estimate of $324.63 million. For the third quarter, the Sphere segment reported revenues of $170.4 million, an increase of $169.7 million, as compared to the prior-year quarter. MSG Networks segment reported total revenues of $151.0 million, down 6% from the prior year quarter. Direct operating expenses increased to $154.040 million compared to $93.665 million last year. Selling, general and administrative expenses for the quarter were $123.149 million. The operating loss for the quarter narrowed to $(40.4) million from $(101.9) million