News Formal

Sphere Stock Drops After Earnings. Here's Why.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Without any clear idea about what its heralded new arena can earn, Sphere won't be able to generate a lot of investor excitement.

Many investors in Sphere Entertainment had hoped the company would offer financial guidance for its Las Vegas venue when it reported earnings Wednesday morning.

It also didn’t help that Sphere’s other business, MSG Networks, the regional cable network that broadcasts New York Knicks and Rangers games, saw a continued erosion in its profit amid cord-cutting. MSGN’s adjusted operating profit were down 24% in its fiscal first quarter to $25.2 million. Investors are eager to try to understand the economics of Sphere venue, which will rely on a mix of concert ticket sales, original productions, and advertising on its outside skin called the exosphere with over a million LED lights. They didn’t get much to chew on Wednesday.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Warner Bros. Stock Drops. Hollywood Strikes Hit Earnings.Entertainment firm Warner Bros. Discovery reported a third-quarter loss of 17 cents a share, wider than analysts' expectations.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »

Stock Market News Today: S&P 500 on Winning Streak; Disney Stock in FocusLive coverage of stocks, financial and economic news, including the S&P 500, Dow and Nasdaq Composite.
ソース: WSJ - 🏆 98. / 63 続きを読む »

Stock Market News Today: S&P 500 on Winning Streak; Disney Stock in FocusLive coverage of stocks, financial and economic news, including the S&P 500, Dow and Nasdaq Composite.
ソース: WSJ - 🏆 98. / 63 続きを読む »