SPHERE ENTERTAINMENT Q3 FY2025 TL;DR (Reporting Period Ended September 30, 2025)
Sphere Entertainment achieved a drastic narrowing of its nine-month Net Loss to $31.3M (from $199.1M prior year), but this was entirely due to a $346.1M non-operating gain recognized from the Troubled Debt Restructuring (TDR) of the MSG Networks debt. Core operating performance worsened, reflected in widening operating losses ($258.5M YTD loss) driven by increased non-cash charges.
Financial & Operational Highlights:
- Revenue: Total YTD revenue was flat at $825.8M, though Q3 saw r