Las Vegas Sphere reports revenue decline despite hosting UFC 306, Eagles residency
Regulation · 2024-11-14
Las Vegas Sphere reports revenue decline despite hosting UFC 306, Eagles residency
The Las Vegas Sphere saw a decline in revenue last quarter but executives say the venue is making progress.
During an earnings call Tuesday, Sphere Entertainment Co. revealed that segment revenue slipped to $127.1 million in the quarter ending on Sept. 30. The two previous quarters garnered around $151.2 million and $170.4 million in revenue, respectively.
Event revenue was at around $40.9 million, down from the prior quarter’s $58.4 million. However, CEO James Dolan said they have no shortage of events and are “struggling with how to squeeze everybody in through the fall.”
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