UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39245 SPHERE ENTERTAINMENT CO. (Exact name of registrant as specified in its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commission File Number: 001-39245 SPHERE ENTERTAINMENT CO. (Exact name of registrant as specified in its charter) Delaware 84-3755666 (Sta ...

Sphere Entertainment Co. (NYSE:SPHR) Q4 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Ari Danes - Investor Relations and Financial Communications James Dolan - Executive Chairman and CEO Andrea Greenberg - President and CEO of MSG Networks Gautam Ranji - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brandon Ross - LightShed Partners Daniel Duran - Morgan Stanley David Joyce - Seaport Research Partners Operator Good morning. Than ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39245 SPHERE ENTERTAINMENT CO. (Exact name of registrant as specified in its char ...

公司业务分部 - 公司拥有三个可报告分部:娱乐、MSG Networks和Tao Group Hospitality[157] - 娱乐分部包括公司的场馆组合,以及圣诞秀等原创演出[158] - MSG Networks分部包括区域体育和娱乐频道,为纽约市场提供各类体育内容[159] - Tao Group Hospitality分部是公司控股的餐饮娱乐集团,在全球拥有70多家品牌场所[160] - 公司在自有或长期租赁的场馆中开展大部分业务[161] - Tao Group Hospitality在拉斯维加斯、纽约、南加州等地经营多家餐饮娱乐场所[162] 业绩表现 - 新冠疫情对公司业务和经营业绩的影响在2022年下半年有所缓解[167][168] - 公司业绩受到吸引演出和客户、媒体权利协议、圣诞秀人气等多方面因素的影响[169] - 经济环境的变化也会影响公司的娱乐和媒体业务[170] - 公司在三个月和六个月期间的收入分别同比增长24%和29%[174] - 公司在三个月和六个月期间的营业利润分别同比增长109%和实现扭亏为盈[174] - 公司在三个月和六个月期间的净利润分别同比增长1300%和实现扭亏为盈[174] - 公司在三个月和六个月期间的利息收入分别同比增长267%和288%[179] - 公司在三个月和六个月期间的利息支出分别同比下降89%和82%[180] - 公司在三个月和六个月期间的其他费用同比分别下降80%和90%[181] - 公司在三个月和六个月期间的所得税费用分别同比下降45%和实现扭亏为盈[181,183,184] - 公司在三个月和六个月期间实施了裁员重组,计提了13,682万美元的重组费用[178] - 公司在三个月和六个月期间确认了5,885万美元和7,885万美元的减值及其他收益[176,177] - 公司在三个月和六个月期间的Tao Group Hospitality分部收入分别同比增长37%和39%[176] - 调整后的营业收入(亏损)("AOI")较上年同期增加48,024万美元,达到1.24亿美元[188] - 调整后的营业收入(亏损)较上年同期增加40,546万美元,达到1.27亿美元[188] - 娱乐分部调整后的营业收入较上年同期增加51,331万美元[189] - 娱乐分部收入较上年同期增加108,908万美元和221,771万美元,主要来自圣诞演出收入增加、与MSG Sports分享经济收入增加、活动相关收入增加以及场馆赞助和套票收入增加[193][194][195][196] - 圣诞演出在本年度有181场演出,其中174场在第二财季,而上年度仅有101场[193] - 本年度圣诞演出的票房销售超过93万张,较上年同期每场平均增加超过25%[193] - 直接经营费用较上年同期增加9916.2万美元，主要原因包括与MSG体育分享经济利益的费用增加、圣诞演出直接经营费用增加、活动相关直接经营费用增加、与场馆许可协议相关的直接经营费用增加、场馆运营成本增加等[197,198,199,200,201] - 销售、一般及管理费用较上年同期增加2844.5万美元，主要反映了员工薪酬和相关福利费用增加以及其他一般行政费用增加[202,203] - 公司录得5412万美元和7412万美元的净收益，主要由于出售BCE控股权益产生的收益，部分被处置公司飞机产生的净损失所抵消[204] - 经营收益较上年同期大幅改善8935.8万美元，主要由于收入增加所致,部分被直接经营费用和销售、一般及管理费用增加所抵消[205] - MSG Networks收入同比下降7%,主要由于联盟费收入下降,部分被广告收入增加所抵消[210,211,213] - MSG Networks直接经营费用同比增加1147.3万美元,主要由于权利费用增加和节目制作成本增加[214] - MSG Networks经营收益和经调整经营收益同比分别下降10%和28%,主要由于收入下降和直接经营费用增加所致[215,216,217,218] - 2022年第三季度和上半年收入分别同比增长16%和14%[221] - 新开门店和临时关闭门店重新开业带来收入增长[221,222] - 直接经营费用同比增加26%和25%,主要是人工成本、食品饮料成本和场地娱乐成本上升[223,224] - 销售、一般及管理费用同比增加6%和16%,主要是人工成本和其他运营费用上升[224] - 2022年第三季度和上半年经调整营业利润分别增加7%和下降24%[228,229] 财务状况 - 公司有充足的现金流和信贷额度支持未来发展,包括MSG Sphere项目建设[230,240,241] - MSG Sphere项目建设进展顺利,预计2023年9月开业,总投资约21.75亿美元[236,237,238] - 公司宣布在伦敦斯特拉特福德购买土地,预计将成为未来MSG Sphere的所在地[242] - 公司将继续探索其他国内和国际市场,以开发下一代场馆如MSG Sphere[243] - 公司拥有多项融资协议,包括MSG Networks信贷设施、National Properties信贷设施和Tao信贷设施[244-259] - 公司使用信用证支持业务运营,截至2022年12月31日共有9,478万美元的信用证未偿还[260] - 公司2022年12月31日的现金、现金等价物和受限现金总额为5.54亿美元,较2022年6月30日的8.46亿美元有所下降[263-264] - 公司业务存在季节性,第二和第三财季收入和利润较高,第一财季较低[267-268] 资产减值 - 公司在2023财年第一季度进行了商誉和无限期无形资产的年度减值测试[272] - 公司拥有三个报告单位:娱乐、MSG Networks和Tao Group Hospitality[273][274] - 截至2022年12月31日,公司在这三个报告单位的商誉余额分别为74,309万美元、424,508万美元和1,364万美元[275] - 公司选择对所有报告单位进行定性评估,评估因素包括宏观经济条件、行业和市场状况、成本因素、整体财务表现等[277] - 公司在2023财年第一季度进行了最新的商誉和无限期无形资产减值测试,未发现任何减值[278][280] - 公司认为如果报告单位的公允价值超过其账面价值10%以上,则表示有足够的安全边际[278][280] 风险因素 - 公司面临与信贷融资相关的潜在利率风险,如利率上升200个基点将增加公司利息费用40,215美元[283] - 公司面临英镑兑美元汇率波动的外汇风险,过去12个月汇率波动幅度约15.24%,如汇率波动14.28%将影响公司资产价值约23,200美元[284][285]

Madison Square Garden Entertainment Corp. (MSGE) Q2 2023 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Ari Danes - Senior Vice President Investor Relations, Financial Communications and Treasury Dave Byrnes - Executive Vice President and Chief Financial Officer Andrea Greenberg - President and Chief Executive Officer Conference Call Participants Brandon Ross - LightShed Partners David Karnovsky - JPMorgan Devin Brisco - Wolfe Research Paul Golding - Macquarie Capital Operator G ...

Madison Square Garden Entertainment Corp. (MSGE) Q1 2023 Earnings Conference Call November 9, 2022 10:00 AM ET Company Representatives Andrea Greenberg - President, Chief Executive Officer Dave Byrnes - EVP, Chief Financial Officer Ari Danes - Senior Vice President, Investor Relations, Financial Communications and Treasury Conference Call Participants Brandon Ross - LightShed Partners David Katz - Jefferies David Karnovsky - JP Morgan Devin Brisco - Wolfe Research Paul Golding - Macquarie Operator Good morn ...

Madison Square Garden Entertainment Corp (MSGE) Q4 2022 Earnings Conference Call August 19, 2022 10:00 AM ET Company Participants Ari Danes - SVP, Investor Relations, Financial Communications and Treasury David Byrnes - EVP and CFO Andrea Greenberg - President and CEO, MSG Networks Conference Call Participants Brandon Ross - Lightshed Partners Arshad Jhavar - Jefferies David Karnovsky - JPMorgan Paul Golding - Macquarie Capital Ben Swinburg - Morgan Stanley Operator Good morning. Thank you for standing by, ...

Madison Square Garden Entertainment Corp. (MSGE) Q3 2022 Earnings Conference Call May 9, 2022 10:00 AM ET Company Participants Ari Danes - Senior Vice President, Investor Relations David Byrnes - Executive Vice President & Chief Financial Officer Andrea Greenberg - President & Chief Executive Officer, MSG Networks Conference Call Participants Brandon Ross - LightShed Partners David Karnovsky - JPMorgan Paul Golding - Macquarie Capital David Katz - Jefferies Operator Good morning. Thank you for standing by ...

Madison Square Garden Entertainment Corp. (MSGE) Q2 2022 Earnings Conference Call February 9, 2022 10:00 AM ET Company Participants Ari Danes - Senior Vice President Investor Relations & Treasury Andy Lustgarten - President Andrea Greenberg - President & Chief Executive Officer, MSG Networks David Byrnes - Executive Vice President & Chief Financial Officer Conference Call Participants Brandon Ross - LightShed Partners David Karnovsky - JPMorgan Ben Swinburne - Morgan Stanley Curry Baker - Guggenheim Securit ...