UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39245 SPHERE ENTERTAINMENT CO. (Exact name of registrant as specified in its charter) Delaware 84-3755 ...

Sphere Entertainment (SPHR) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning, and thank you for standing by. Welcome to the Spear Entertainment Company First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Ari Daines, Investor Relations. Please go ahead. Speaker1 Thank you. Good morning and welcome to Sphere Ent ...

Sphere Entertainment (SPHR) came out with a quarterly loss of $2.27 per share versus the Zacks Consensus Estimate of a loss of $2.48. This compares to loss of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this company would post a loss of $2.15 per share when it actually produced a loss of $3.49, delivering a surprise of -62.33%.Over the last four quarters, the company has sur ...

Exhibit 99.1 SPHERE ENTERTAINMENT CO. REPORTS FIRST QUARTER 2025 RESULTS NEW YORK, N.Y., May 8, 2025 - Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2025. (1) Recent Sphere operating highlights include: For the three months ended March 31, 2025, the Company reported revenues of $280.6 million, a decrease of $40.8 million as compared to the prior year quarter. In addition, the Company reported an operatin ...

NEW YORK, May 8, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2025.(1)Recent Sphere operating highlights include: The Company announced new multi-year marketing partnerships with Pepsi and Google; Sphere in Las Vegas is on track to host multiple corporate events in the second quarter, including Hewlett Packard Enterprise for the second consecutive year; Insomniac and Tomorrowland an ...

Sphere Entertainment (SPHR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the sto ...

I took a mostly cautious stance on Sphere Entertainment (NYSE: SPHR ) stock when I covered it last October. At the time, the stock was on a superb run, driven by the impressive early numbers and disruptive growth potential of its flagshipMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, GuruFocus, BarCharts, TipRanks, and ...

文章核心观点 Google与Sphere Entertainment达成AI技术合作，运用生成式AI助力《绿野仙踪：球体沉浸式体验》项目，推动娱乐技术发展，为观众带来全新体验 [1] 合作信息 - Google和Sphere Entertainment宣布达成新的AI技术合作，运用生成式AI让《绿野仙踪：球体沉浸式体验》项目落地 [1] - 项目涉及开创性工程工作和数千名创作者、程序员、VFX艺术家等，是娱乐技术的关键时刻 [1] 技术应用 - Google Cloud和Google DeepMind合作部署微调后的Gemini模型、Veo 2和Imagen 3，增强影片分辨率、扩展背景和数字重现角色 [2] - Sphere使用Google Cloud可扩展且针对AI优化的基础设施，支持构建沉浸式体验的大量数据和计算需求，项目至今已处理1.2PB数据 [2] 各方表态 - Sphere Entertainment高管表示生成式AI结合Google的基础设施和专业知识，助其实现非凡成果，Google是能应对挑战的唯一伙伴 [3] - Google Cloud CEO称与Sphere的合作是突破生成式AI边界的范例，为观众带来新体验，为工作室和电影制作人带来新机会 [3] 项目背景 - 1939年上映的《绿野仙踪》采用革命性的三-strip Technicolor 35mm电影摄像机拍摄，是好莱坞第三个采用该彩色工艺的作品 [4] - Sphere将运用Google AI及传统VFX和电影技术，在16万平方英尺的内部显示屏上呈现沉浸式《绿野仙踪》 [4] 技术手段 - 超分辨率：使用Veo智能增强影片分辨率，填充缺失像素，为Sphere的16k x 16k分辨率内部显示屏创建超清晰16k图像 [5] - 外画：使用Veo无缝扩展背景和角色，为Sphere的沉浸式环境扩展影片视觉范围 [5] - 表演生成：结合Veo生成和Gemini指令，开发创新叙事技术，让多个角色长时间留在屏幕上，增强观众沉浸感 [5] - 上下文窗口：Gemini和Veo的超长上下文窗口功能对保持长序列连贯性至关重要，确保增强视觉效果在影片中保持一致 [5] 公司介绍 - Google Cloud加速企业数字化转型，提供利用Google前沿技术的企业级解决方案，是超200个国家和地区客户信赖的合作伙伴 [6] - Sphere是下一代娱乐媒介，重新定义现场娱乐未来，举办好莱坞导演原创体验、知名艺术家音乐会和重要活动，首个场馆于2023年9月在拉斯维加斯开业 [7]

文章核心观点 - 公司宣布《奥兹国的魔法师：球体体验》和《边缘之旅》两个新项目正在制作中，它们是球体体验原创沉浸式内容的一部分，前者将于2025年8月28日开放，后者将于2026年首次亮相 [1] 新项目介绍 《奥兹国的魔法师：球体体验》 - 1939年的原版电影《绿野仙踪》将以完全沉浸式体验呈现，公司与华纳兄弟探索频道、谷歌和Magnopus合作，使用尖端技术增强原版电影，在保持原版完整性的同时突破体验媒介的界限 [2] - 创意团队包括奥斯卡和艾美奖提名制片人简·罗森塔尔、奥斯卡获奖视觉特效专家本·格罗斯曼、奥斯卡获奖剪辑师詹妮弗·莱姆和创意总监扎克·维诺克 [3] 《边缘之旅》 - 由奥斯卡获奖导演E. Chai Vasarhelyi和Jimmy Chin执导，将展示顶级运动员，带领观众进入极限运动世界 [4] - 五名运动员由公司专有的Big SkyTM摄像系统在约旦、迪拜、瑞士、巴哈马、奥斯汀、拉斯维加斯和毛伊岛等地拍摄 [5] - 由Vasarhelyi、Chin及其小怪物电影公司与埃文·海斯和卡勒姆·格林联合制作，安娜·巴恩斯和尼克·马蒂尼担任执行制片人 [6] 公司介绍 - 球体是下一代娱乐媒介，重新定义现场娱乐的未来，第一个球体场馆于2023年9月在拉斯维加斯开业，是新地标，由尖端技术驱动 [7] 联系方式 - 公司邮箱为 [email protected] [8]

文章核心观点 - 摩根大通分析师重申对Sphere Entertainment Co股票的增持评级，虽下调目标价但看好其风险回报前景，认为股价可能短期反弹 [1][4][5] 公司评级与目标价 - 摩根大通分析师David Karnovsky重申对Sphere Entertainment Co股票的增持评级，将目标价从57美元降至54美元 [1] 财务情况 - 第四季度财报后分析师修正对公司的预期，Sphere部门的AOI为 - 100万美元（排除管理过渡成本后为 + 400万美元），好于分析师 - 1000万美元的预测，主要因驻场演出贡献增加 [1] 业务发展 - 管理层对第三季度推出的Experience演出有信心，年末Exosphere需求强劲并延续至本季度，场馆吸引艺术家兴趣增加，公司有机会降低成本和提高运营效率，拉斯维加斯场馆今年或对AOI有重大贡献 [2] - 公司仍在洽谈国际扩张，可能增加一两个类似阿布扎比的场馆，也讨论了开发小型场馆甚至在美国市场开发的可能性 [3] 股价表现 - 尽管AOI改善且分析师预计基于管理层评论市场共识预期会提高，但公司股价下跌14%（标普500指数下跌2%），分析师认为股价表现与业绩不符，缺乏国际选址或债务重组更新不能完全解释下跌，预计股价可能短期反弹 [3][4] 未来展望 - 分析师认为公司风险回报前景良好，潜在催化剂包括新增合作伙伴公告、阿布扎比项目进展、新驻场演出协议和新内容推出 [5] - 拉斯维加斯Sphere开业一年多巩固了其在目的地旅游领域的关键吸引力地位，吸引游客和艺术家，公司开业后的财务表现增强了分析师对其成功获得国际特许经营合作伙伴的信心，且扩张潜力未完全反映在股价中 [5][6] 最新股价 - 周二最新数据显示公司股价上涨0.42%，报37.85美元 [6]