Added to YB: 2024-06-11
Pitch date: 2024-03-31
SPHR [bullish]
Sphere Entertainment Co.
+83.06%
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
$2.7B
Pitch Price
$49.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
-185.38
P/E
-10.10
EV/Sales
3.04
Sector
Entertainment
Category
growth
Show full summary:
Ariel Investments Small Cap Value Strategy Portfolio Holding: Sphere Entertainment Co.
SPHR: Strong Q1 - revenue & margins beat on Postcard from Earth show, U2 sellouts, F1 takeover. CES & Super Bowl to boost ad revs. CEO bought shares on global franchise partner potential. LV venue ramping to 365 days/yr of concerts, sports, corporate events. Immersive venues & RSNs undervalued long-term.
Read full article (1 min)