The Las Vegas Sphere, a $2.3 billion arena, has faced significant financial challenges in its first quarter of operations, reporting a loss of $98.4 million. The CFO abruptly quit after reportedly being yelled at by MSG boss James Dolan. The venue generated $7.8 million in revenue, with $4.1 million from event-related revenues and $2.6 million from advertising. The quarter included just two sold-out U2 shows and ad revenue from the exosphere. The CEO also departed during this period. Despite the financial struggles, 'The Marvels' are set to take over the Las Vegas Sphere.
Las Vegas Sphere reports $98.4 million loss; CFO quits https://t.co/lIO6ldCjHh
Giant tech-packed Las Vegas Sphere reports massive money loss The ginormous Las Vegas Sphere is a marvel of tech-packed goodness, but as of now, it has lost around $98 million. #LasVegas #LasVegasSphere #Vegas https://t.co/QsaXneh6Ho
UPDATE: Las Vegas Sphere reports $98.4 million loss, the CFO quit as well. https://t.co/JL4uydXFXc
Las Vegas Sphere reports $98 million loss. CFO quits. https://t.co/CoNwAwNBvO
Las Vegas Sphere’s CFO quits as the company posts a $98.4 million loss for the most recent fiscal quarter. https://t.co/p4x0fy5p0s
Rounding error? In an earnings call yesterday the Las Vegas Sphere reported a $98.4M loss for the fiscal quarter ending 30 September and the departure of its CFO. https://t.co/mVn75gyqJT
Las Vegas Sphere Reports $98.4 Million Loss; CFO Quits https://t.co/xCTzgrlJNj
Las Vegas Sphere lost $98.4M in its first quarter of operations https://t.co/HDUJVRiXx8
The CFO Of The Las Vegas Sphere Reportedly Walked Out And Quit After He Got Screamed At By James Dolan During A Meeting https://t.co/nzYTLbBXUp https://t.co/Pfs6xnzse7
The Las Vegas Sphere just reported a $98.4 million loss for the quarter https://t.co/tf59ARGZLV https://t.co/2RjY7chcoh
The CFO Of The Las Vegas Sphere Reportedly Walked Out And Quit After He Got Screamed At By James Dolan During A Meeting https://t.co/nzYTLbBXUp https://t.co/QlJhYVSDMJ
The Sphere lost $99 million in its first quarter of operations, but it's still pretty cool https://t.co/SuEmLf0s9c
Field Note: The $2.3B Sphere Las Vegas lost nearly $100M in its first quarter of operations, the company said. Granted, the quarter included just two sold-out U2 shows and ad revenue from the exosphere. Also, Sphere's CEO suddenly departed. https://t.co/sqUJ33KB6z @TheNVIndy https://t.co/OFJPA9Qos1
The Las Vegas Sphere $SPHR brought in Revenue of $7.8 Million in the 3 months ended September 30th $4.1M was primarily driven by event-related revenues and the remaining $2.6M was primarily from advertising on the outside of the venue Note the Sphere opened in late September… https://t.co/soIAsZpfJx
CFO of Las Vegas' splashy $2.3B Sphere arena abruptly QUITS after being 'yelled and screamed' at by MSG boss James Dolan https://t.co/MAt1h1F9lA https://t.co/p7TU8TbGbn
'The Marvels' to Take Over Las Vegas Sphere (Exclusive) https://t.co/aVUNT3JhGn