Sphere Entertainment slides after Q1 revenue miss

Sphere Entertainment

12/11/2024 19:06

** Live entertainment and media company Sphere
Entertainment's  SPHR.N  shares down ~9.8% at $39.72
    ** SPHR reports Q1 revenue of 227.9 mln, missing ests. of
$247.5 mln, according to data compiled by LSEG  
    ** Company posts Q1 total operating loss of $117.6 mln,
compared with $69.8 mln, a year ago 
    ** Four of eight brokerages rate the stock "buy" or higher,
three "hold" and one "sell"; their median PT is $47 - LSEG data
    ** Including session's moves, stock up ~18% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))