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Sphere CEO Not Worried About Possible Tourism Downturn: ‘We Have Room to Absorb Any Issues’
On Sphere Entertainment's quarterly earnings call, CEO James Dolan said he's not worried about a possible tourism downturn affecting revenue.
The Las Vegas venue's revenue dipped 12.8% while reduced costs led to flat adjusted operating income in the quarter ended March 31, 2025. The quarter also had a difficult comparable because Las Vegas hosted the 2024 Super Bowl, which resulted in a record-setting week for Sphere’s advertising, CFO Robert Longer said. MSG Networks revenue was $123.0 million, down 19% from the prior-year period, which reflects a nearly two-month absence of programming from Altice while the two parties renegotiated a multi-year renewal.
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