{"id":2405289,"date":"2026-05-06T23:26:11","date_gmt":"2026-05-06T23:26:11","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2405289"},"modified":"2026-05-06T23:26:11","modified_gmt":"2026-05-06T23:26:11","slug":"sphere-ent-s-370m-revenue-jumps-40-from-the-wizard-of-oz","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/sphere-ent-s-370m-revenue-jumps-40-from-the-wizard-of-oz\/","title":{"rendered":"Sphere Ent.’s $370M Revenue Jumps 40% From The Wizard of Oz"},"content":{"rendered":"

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\n\tThe Sphere Entertainment Company reported this week its first quarter revenue of $386 million was driven by a nearly 40% jump in income from The Wizard of Oz at Sphere<\/em> and residencies by The Eagles<\/a> and Illenium<\/a>\u2018s Odyssey.<\/p>\n

\n\tOverall company revenue rose 38%, an increase of $105.8 million, in the quarter ending March 31 compared to the same period a year ago, the company reported on Tuesday (May 5). The Sphere segment contributed $266 million to that total on higher per-show-revenues from The Sphere Experience film showings, brand events, concert residencies and sponsorship and suite licensing fees.<\/p>\n

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\n\tThe Wizard of O<\/em>z at Sphere<\/em> has sold nearly 3 million tickets for $370 million in ticket revenue since opening last August, with average ticket prices and per-capita spending holding steady from the fourth quarter despite a contraction in Las Vegas\u2019 tourism, executives said on a call discussing earnings.<\/p>\n

\n\tLas Vegas tourism was down in 2025 and into January, but rebounded to grow toward the latter half of the first quarter. In good times and bad, however, The Sphere is proving to be a driver of tourism, Jennifer Koester,<\/strong> Sphere\u2019s president and chief operating officer in charge of business operations, said.<\/p>\n

\n\t\u201cWe\u2019re seeing solid demand for The Wizard of Oz<\/em> from all segments of that market and that includes our cost-conscious consumers,\u201d Koester said on a call discussing the company\u2019s quarterly earnings. \u201cDespite some recent market softness [in Las Vegas tourism], our product remains resilient.\u201d<\/p>\n

\n\tKoester said they are also seeing strong market demand for Sphere residencies, pointing to Phish<\/a> selling out its recent nine-show run, Metallica<\/a> selling out 24 concerts this fall (more than its initially planned 8-show-run) and Backstreet Boys<\/a>\u2018 plans for a second 21-show residency this summer. Phish and Metallica\u2019s residencies have contributed to \u201crobust suite sales,\u201d Koester said.<\/p>\n

\n\tSphere CEO James Dolan<\/strong> said they\u2019re working on developing more films for the Sphere Experience, including From The Edge<\/a><\/em>, a film about extreme sports set to debut later in 2026.<\/p>\n

\n\tThe Las Vegas Sphere remains \u201cthe blueprint for [the company\u2019s] global vision,\u201d Dolan said, adding that the next 20,000-seat Sphere slated for Abu Dhabi is on track despite the war in Iran.<\/p>\n

\n\t\u201cThe project has been minimally impacted to date by the conflict in the wider region,\u201d Dolan said, adding that the Abu Dhabi government has selected the venue site and will announce it \u201cat the appropriate time. We look forward to the groundbreaking in Abu Dhabi.\u201d<\/p>\n

\n\tThe National Harbor Sphere in Maryland, a smaller, 6,000-seat version of the Vegas and planned Abu Dhabi Spheres, is proceeding with financing discussions, design finalization and getting necessary approvals from state and county officials. Dolan said they are still targeting an opening within four years.<\/p>\n

\n\tDespite MSG Networks reporting revenue declined to $120.4 million from $123 million in the year-ago quarter, a decline in advertising revenue and 16% fewer subscribers, Sphere\u2019s stock was up 2.4% over the past 5 days to $143.35.<\/p>\n

\n\tEarnings snapshot:<\/strong><\/p>\n

\n\t-Total revenue: $386.4 million
-Operating income rose $85.8 million compared to last year\u2019s first quarter to $7.2 million.
-Adjusted operating income rose $74 million to $110.0 million.
-The Sphere segment generated $266 million in revenue, up 70% from last year.
-MSG Networks revenue down nearly 2.5% to $120.4 million from $123 million in revenue in 1Q2025.
-Sphere stock is up 4% so far this week to $145.60.<\/p>\n

\n\tThis artile was corrected on May 6, 2026 to reflect that the Sphere Experience film in production is called \u201cFrom the Edge.\u201d <\/em><\/p>\n


\"Billboard
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\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.billboard.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Sphere Entertainment Company reported this week its first quarter revenue of $386 million was driven by a nearly 40% jump in income from The Wizard of Oz at Sphere and residencies by The Eagles and Illenium\u2018s Odyssey. Overall company revenue rose 38%, an increase of $105.8 million, in the quarter ending March 31 compared […]<\/p>\n","protected":false},"author":2,"featured_media":2405290,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,338240,21932,348401,208600,233657],"class_list":["post-2405289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-james-dolan","tag-music-news","tag-results","tag-sphere","tag-sphere-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/Sphere-Ents-370M-Revenue-Jumps-40-From-The-Wizard-of.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2405289"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405289\/revisions"}],"predecessor-version":[{"id":2405291,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2405289\/revisions\/2405291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2405290"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2405289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2405289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2405289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}