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Sphere Posts $170M Revenue as CEO James Dolan Eyes Second Market ‘Soon’
Sphere generated $170.4 million in its fiscal third quarter ended March 31, up from $167.8 million in the prior quarter.
The company is “in discussions with several markets” and has encountered “plenty of interest all around the world,” he said, “but not until we launched the product in September did people really get to see what it was and began to see how it could perform.” In addition to concerts, Sphere offers a motion picture, Postcards from Earth, that CFO David Byrnes said generated $100 million in revenue in the quarter. “Even if you’re not a Deadhead, you’re gonna love that show,” said Dolan when discussing the need to create “compelling” visuals to complement bands’ musical performances.
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