💨 Abstract

Sphere Entertainment Co. (SPHR) reported a second-quarter profit of $151.8 million, or $3.39 per share. However, losses adjusted for debt extinguishment were $2.71 per share, missing Wall Street expectations. Revenue reached $282.7 million, surpassing analyst forecasts. Despite exceeding revenue predictions, the net income and earnings per share fell short of expectations.

Courtesy: WTOP Staff