Sphere Entertainment Co.<\/a><\/strong> has reported revenues of $386.4 million<\/strong> for Q1 2026,<\/strong>\u00a0an increase of 38%<\/strong> year-over-year.<\/span><\/p>\n The company\u2019s Sphere<\/strong> segment, which operates the immersive entertainment venue in Las Vegas<\/strong>, generated $266.0 million<\/strong> in revenue during the quarter, up 69% YoY<\/strong><\/span> from $157.5 million<\/strong> in the prior year period.<\/p>\n Sphere Entertainment<\/strong> reported the results on Tuesday (May 5) in an earnings release covering the three months ended March 31, 2026<\/strong>.<\/p>\n The company swung to an operating income of $7.2 million<\/strong> in Q1, compared to an operating loss of $78.6 million<\/strong> in the same quarter a year earlier.<\/p>\n Sphere Entertainment<\/strong> reported adjusted operating income of $110.0 million<\/strong>, up from $36.0 million<\/strong> in the prior year quarter.<\/p>\n Revenues from The Sphere Experience<\/strong>, the venue\u2019s immersive content programming, increased by $81.7 million<\/strong> year-over-year, reflecting higher per-show revenue for The Wizard of Oz at Sphere<\/em>.<\/p>\n The Wizard of Oz at Sphere<\/em>, which opened on August 28, 2025<\/a>, accounted for 209<\/strong> performances during the quarter, compared to 200<\/strong> performances of Postcard from Earth<\/em> and V-U2 An Immersive Concert Film<\/em> in Q1 2025.<\/p>\n The production surpassed its 500th<\/strong> showing in March, according to the company.<\/p>\n Event-related revenues at Sphere<\/strong> increased by $24.4 million<\/strong>, reflecting higher revenues from brand events and concerts, including six additional concert residency shows held during the quarter.<\/p>\n \n \u201cToday\u2019s results demonstrate our continued success proving out Sphere\u2019s business model.\u201d<\/p>\n James L. Dolan, Sphere Entertainment<\/strong><\/span><\/p>\n<\/blockquote>\n Executive Chairman and CEO James L. Dolan<\/strong> said: \u201cToday\u2019s results demonstrate our continued success proving out Sphere\u2019s business model.<\/p>\n \u201cLooking ahead, we remain focused on maximizing that model\u2019s full potential in Las Vegas, while executing on our long-term vision for a global network of Sphere venues.\u201d<\/p>\n Among the recent highlights cited by Sphere Entertainment<\/strong> in the report: Metallica<\/strong> has announced a 24<\/strong>-concert residency at Sphere<\/strong>, beginning in October 2026<\/strong>, while the Backstreet Boys<\/strong> confirmed they will return this summer, extending their residency run to 56<\/strong> nights total.<\/p>\n The company also announced a new multi-year sponsorship agreement with evian<\/strong> in April, naming the brand as the Official Still Water Partner of Sphere<\/strong>.<\/p>\n Sphere Entertainment\u2019s<\/strong> MSG Networks<\/strong> segment, which operates regional sports networks in the New York<\/strong> market, reported revenues of $120.4 million<\/strong>, down 2%<\/strong> year-over-year, primarily due to lower advertising revenue from fewer live regular season sports telecasts.<\/p>\n On a consolidated basis, Sphere Entertainment<\/strong> reported net income of $4.5 million<\/strong> for Q1 2026<\/strong>, compared to a net loss of $82.0 million<\/strong> in the prior year quarter.<\/p>\n For the full year 2025<\/strong>, Sphere Entertainment<\/strong> reported revenues of $1.22 billion<\/a>, up 8%<\/strong> year-over-year, with adjusted operating income of $261.8 million<\/strong>.<\/p>\n The Las Vegas venue, which opened with U2 in September 2023<\/a>, has hosted concert residencies from acts including the Eagles<\/strong>, Dead & Company<\/strong>, Phish<\/strong>, and Kenny Chesney<\/strong>.<\/p>\n\n
![\"James](\"https:\/\/www.musicbusinessworldwide.com\/files\/2026\/05\/Screenshot-2026-05-07-at-15.09.35-80x86.jpg "\\"James")