Added to YB: 2024-12-17
Pitch date: 2024-12-16
SPHR [bullish]
Sphere Entertainment Co.
-2.67%
current return
Author Info
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Company Info
Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks.
Market Cap
$1.4B
Pitch Price
$37.80
Price Target
N/A
Dividend
N/A
Sector
Entertainment
Category
growth
Show full summary:
Sphere Entertainment Co. (SPHR): Revolutionizing Entertainment with Expansion Potential
SPHR: Sphere Entertainment breaking records at 40% occupancy; potential for 70%+ occupancy in 1-2 years. Hidden gem with $125m/yr Sphere studios expense, $800m non-recourse debt, unsold naming rights ($20-$50m/yr value), future expansion rev. Street underestimates financials. Largest position at ~20% NAV.
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