Sphere Entertainment posts $1.22B in revenue for FY 2025

A flashy venue that once bled cash is inching toward stability while plotting a global takeover with mini and mega versions of itself.

Revenue climbs while losses shrink

• Sphere Entertainment pulled in 1.22 billion dollars for FY 2025.
• Annual operating loss narrowed to 229.6 million dollars.
• Adjusted operating profit jumped 138 percent to 261.8 million.
• Those adjusted figures strip out depreciation and other non-cash hits.

Q4 flips the script

• Fourth quarter revenue reached 394.3 million dollars.
• Operating income swung to 28.9 million after a prior loss.
• Concert runs featured Eagles and Dead and Company residencies.
• Backstreet Boys, Anyma, Kenny Chesney, and Zac Brown Band also cycled through.

The Wizard of Oz prints money

• James Dolan said 2.2 million tickets moved for The Wizard of Oz.
• Box office for that immersive show hit roughly 290 million dollars.
• Average ticket price hovered around 132 dollars.
• An upgraded Wizard of Oz 2.0 with new scenes drops later this year.

Global expansion gears up

• Plans are advancing for a full-scale Sphere in Abu Dhabi.
• National Harbor in Maryland is slated for a 6000 seat mini Sphere.
• Project partners include the State of Maryland and Peterson Companies.
• The targeted opening is within four years, using mixed funding.

Pipeline looks packed

• Dolan said 2026 residency slots are nearly gone.
• Long weekend bookings anchor the Las Vegas calendar.
• From The Edge remains on track for completion this year.
• Talks with major IP holders are heating up for new immersive shows.