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Sphere Losses Grow as Venue Prepares Full Calendar for 2024
The Las Vegas arena had an operating loss of $193.9 million on revenue of $167.8 million in the quarter ended Dec. 31, 2023.
The company posted an adjusted operating gain of $14.1 million if “certain corporate overhead expenses” were excluded. The venue has received rave reviews and worldwide attention for its captivating audio-visual experience and presence on the Las Vegas skyline. The plan is to have a franchise model for additional venues that will generate revenues immediately through construction and development, Dolan added.
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