NYSE$SPHR
Sphere Entertainment Co · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
MSG Entertainment reported an increase in revenue and operating loss compared to the prior year quarter.
MSG Entertainment reported a revenue of $294.5 million, an increase of $124.0 million compared to the prior year quarter. The company reported an operating loss of $83.3 million and adjusted operating income of $10.3 million for the fiscal 2022 first quarter.
- Events at the Company’s performance venues began to ramp back up in mid-September.
- MSG Networks has resumed airing full regular season telecast schedules for its five professional teams across both the NBA and NHL.
- The Christmas Spectacular production returned to Radio City Music Hall, kicking off the start of its 2021 holiday season run.
- Tao Group Hospitality benefited from strong consumer demand in all of its major markets, led by Las Vegas.
Headline financials
Revenue & EPS history
Sphere Entertainment Co · Revenue · Quarterly
$295M
Revenue by segment
Sphere Entertainment Co · $176M total across 2 segments · Q1 2022
- MSG Networks$142M-10.1%80.5%
- Sphere$34.2M+350.0%19.5%
Forward guidance
The company is optimistic about where they’re headed in 2022, and they remain confident in their ability to create long-term value for their shareholders.
Tailwinds
- Ramping up events across venues
- Welcoming back Christmas Spectacular production
- Seeing strong results at Tao Group Hospitality
- Renewed engagement by marketing partners
- Continued progress on MSG Sphere
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+2.7%
Avg return
30 days after
46%
12 / 26 earnings
Positive
+22.1%
Q4 2025
Best reaction
-15.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +22.1% | +21.0% | +11.5% | |
| Q3 2026 | +4.7% | +16.2% | +24.8% | |
| Q1 2026 | +4.7% | +16.2% | +24.8% | |
| Q1 2025 | +9.2% | +26.1% | +26.5% | |
| Q2 2026 | -2.0% | -18.8% | -23.3% | |
| Q4 2024 | +0.7% | +21.5% | +3.6% | |
| Q3 2024 | +0.9% | -8.4% | -11.0% | |
| Q2 2024 | -0.3% | +13.8% | +35.9% | |
| Q1 2024 | +2.2% | +2.9% | -2.2% | |
| Q4 2023 | +4.0% | -7.9% | -1.1% | |
| Q3 2023 | -15.1% | -25.9% | -11.3% | |
| Q2 2023 | +8.3% | +13.8% | +6.6% | |
| Q1 2023 | -2.2% | -4.0% | -9.3% | |
| Q4 2022 | -7.1% | -3.3% | -12.3% | |
| Q2 2022 | -7.1% | -3.3% | -12.3% | |
| Q3 2022 | -11.3% | -11.9% | -5.0% | |
| Q1 2022 | -8.5% | -9.8% | -17.3% | |
| Q4 2021 | +17.9% | +26.7% | +21.7% | |
| Q2 2021 | +17.9% | +26.7% | +21.7% | |
| Q3 2021 | +5.2% | -3.2% | +4.2% | |
| Q1 2021 | -1.2% | -4.3% | +0.1% | |
| Q1 2020 | -1.2% | -4.3% | +0.1% | |
| Q2 2020 | -0.3% | +4.8% | -8.8% | |
| Q4 2020 | -0.3% | -8.3% | +6.1% | |
| Q4 2019 | -1.6% | -3.9% | -2.2% | |
| Q3 2020 | -1.6% | -3.9% | -2.2% | |
| Q3 2019 | — | — | — |
Discussion
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