Sphere Entertainment reports Q2 EPS $3.39 vs. ($1.31) last year

Reports Q2 revenue $282.68M, consensus $280.23M. In addition, the company reported an operating loss of $50.2M, an improvement of $21.2M, and adjusted operating income of $61.5M, an increase of $35.8M, both as compared to the prior year quarter. Executive chairman and CEO James Dolan said, “We continue to execute our strategic priorities to drive long-term profitable growth for our Sphere business. At the same time, we have been making progress with our expansion plans and remain confident in the global opportunity ahead.”