Sphere Entertainment Q3 Revenue Up 4% to $274.3 Million: Wizard of Oz Tops $500 Million as Metallica Residency Begins
Sphere Entertainment Co. (NYSE: SPHR), headquartered in New York, reported results for the third quarter ended September 30, 2026 on November 5: revenues of $274.3 million, up 4% year over year; an operating loss of $240.6 million, up 47%; and adjusted operating income of $39.2 million, up 8%. The company's flagship asset is the Sphere immersive venue in Las Vegas, Clark County, Nevada.
The Sphere segment packed the quarter with programming milestones. In late September, The Wizard of Oz at Sphere debuted enhanced and expanded 4D effects; the production has now exceeded half a billion dollars in ticket sales with over four million tickets sold since its August 2025 debut, and it surpassed its 1,000th showing in early October. A new Sphere Experience, The Rocky Horror Picture Show at Sphere, is in production and is expected to debut by the end of March 2027.
On the concert side, Metallica began a new residency at Sphere in October, with 24 concerts planned through March 2027; the Backstreet Boys and the Eagles have extended their long-running residencies to 63 and 74 planned nights respectively; and Oprah Winfrey and John Mayer each announced new residencies for 2027. The company also signed a new multi-year sponsorship agreement with Lyft during the quarter.
Executive Chairman and CEO James L. Dolan said: "With today's results, our Sphere segment remains on track to deliver substantial growth this calendar year. Looking ahead, we continue to make progress on our long-term vision for Sphere, including a global network of venues and a growing slate of original content." (Source: Sphere Entertainment Co)
Source: Sphere Entertainment Co
Published by GSM · USA (original Chinese edition)
Photo: 图：位于拉斯维加斯的 Sphere 球形场馆夜景。Nigel Hoult 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Sphere venue in Las Vegas at night. By Nigel Hoult, CC BY 2.0, via Wikimedia Commons.
