Sphere Exceeds Earnings Estimates, Stock Hits Record High
Sphere Entertainment reported Q1 revenue of $386.4 million, a 38% increase year-over-year, surpassing Wall Street's forecast and driving its stock to an all-time high before closing near $137. The company turned in consecutive profitable quarters with operating income rising from -$79M last year to $7.2 million this quarter.
Tickers: $SPHR
Topics: operating income revenue growth Sphere Entertainment stock performance