Sphere Entertainment Third Quarter 2024 Earnings: US$1.33 loss per share (vs US$1.55 loss in 3Q 2023)

Sphere Entertainment (NYSE:SPHR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$321.3m (down 12% from 3Q 2023).
• Net loss: US$47.2m (loss narrowed by 13% from 3Q 2023).
• US$1.33 loss per share (improved from US$1.55 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sphere Entertainment Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company’s shares are down 3.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Sphere Entertainment that we have uncovered.

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