Brief: Sphere Entertainment Co Expects That Its Sphere Segment Will Report Positive Adjusted Operating Income For Fiscal Quarter Ending December 31, 2023

Sphere Entertainment

05/12/2023 12:31

Dec 5 (Reuters) - Sphere Entertainment Co  SPHR.N :
    * SPHERE ENTERTAINMENT CO - EXPECTS THAT ITS SPHERE SEGMENT
WILL
REPORT POSITIVE ADJUSTED OPERATING INCOME FOR FISCAL QUARTER
ENDING DECEMBER 31, 2023
    * SPHERE ENTERTAINMENT CO - AS OF SEPT 30, UNRESTRICTED
CASH, CASH
EQUIVALENTS BALANCE WAS $433.5 MILLION
    * SPHERE ENTERTAINMENT-MSG NETWORKS WILL BE UNABLE TO
GENERATE
SUFFICIENT OPERATING CASH FLOWS OVER NEXT 12 MONTHS TO SETTLE
REMAINING BORROWINGS
    * SPHERE ENTERTAINMENT CO - MANAGEMENT PLANS TO REFINANCE
MSGN
CREDIT FACILITIES PRIOR TO MATURITY

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