The Las Vegas Sphere has hosted several musical acts since opening. A new report links the venue with a singer who has one of the highest grossing tours ever.
J.P. Morgan analyst David Karnovsky has reiterated an Overweight rating on Sphere Entertainment shares, lowering the price target from $57 to $54. Despite stronger-than-expected earnings in Q4, the stock dropped 14%.
Content production and distribution company Sphere Entertainment (NYSESPHR) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.9% year on year to $308.3 million. Its GAAP loss of $3.49 per share was 76.7% below analysts’ consensus estimates.
PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The mixed martial arts (MMA) equipment market has been substantially growing over the past several years and is projected to continue in the coming years. The increasing public participation, easy availability of advanced training facilities, and the integration of advanced technologies represent some of the key factors driving the market. A report from IMARC Group projected that the global mixed martial arts equipment market size reached USD 1.39 Billion in 2024 and is looking forward to reach USD 2.13 Billion by 2033, exhibiting a growth rate (CAGR) of 4.64% during 2025-2033. The report said: “Mixed martial arts (MMA) refer to a hybrid combat sport that employs various fighting skills and techniques. It is performed using various equipment to facilitate the training or fight, such as a mouth and groin guard, punching bag, gloves, shorts, shin guards, hand wraps, ankle, elbow, and knee pads, and headgear. Amongst these, hand wraps help protect hands during training and fighting competitively, while the headgear is used for sparring to shield the skull from harsh strikes. At present, leading players operating worldwide are launching MMA equipment in various materials, types, and designs. These players are offering customizations to meet the requirements of the consumers and expanding their product portfolio.” Active Companies in the markets today include Mixed Martial Arts Group Limited (NYSEMMA), Sphere Entertainment Co. NYSE: SPHRNYSESPHR)(NASDAQ: METANASDAQMETA, Live Nation Entertainment, Inc. (NYSE: LYVNYSE), Peloton Interactive, Inc. (NASDAQ: PTONPTON).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q3, starting with Sphere Entertainment (NYSESPHR).
Over the past six months, Sphere Entertainment’s stock price fell to $41.39. Shareholders have lost 7.7% of their capital, which is disappointing considering the S&P 500 has climbed by 8%. This might have investors contemplating their next move.
JP Morgan analyst David Karnovsky shared views on the impact of the Optimum-MSGN carriage battle on Sphere Entertainment and Madison Square Garden Sports.
PALM BEACH, Fla., Jan. 08, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The popularity of mixed martial arts (MMA) and other combat sports is rising as people become more conscious of the importance of leading healthy lives. Engaging in mixed martial arts (MMA) provides numerous health advantages, including the development of stronger abdominal muscles, enhanced coordination, and increased body and muscle flexibility. Therefore, growing public awareness of the value of leading healthy lives will promote MMA adoption and rising sales of MMA-related gear, including gloves, protective gear, and training aids. Mixed martial arts (MMA) is a combat sport that incorporates various fighting skills and techniques. To train effectively and compete safely, athletes use various types of equipment, including punching bags, gloves, shorts, shin guards, hand wraps, ankle, elbow, knee pads, and headgear. Each piece of equipment plays a crucial role — hand wraps protect hands during intense training sessions and fights, while headgear shields the skull from heavy blows during sparring. A recent report from Straits Research said that the global mixed martial arts equipment market was valued at USD 1.43 billion in 2023. It is estimated to reach USD 2.15 billion by 2032, growing at a CAGR of 4.65% during the forecast period (2024–2032). Active Companies in the markets today include Mixed Martial Arts Group Limited (NYSEMMA), TKO Group Holdings NYSE: TKONYSETKO)(NYSE: EDRNYSEEDR, Sphere Entertainment Co. (NYSE: SPHRNYSE), Meta Platforms, Inc. (NASDAQ: METAMETA).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q3, starting with Live Nation (NYSELYV).
Nvidia Corporation (NASDAQNVDA) will be one of the many companies highlighted at the upcoming CES 2025 conference, with CEO Jensen Huang giving a keynote
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Life Time (NYSELTH) and its peers.
Content production and distribution company Sphere Entertainment (NYSESPHR) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 93.1% year on year to $227.9 million. Its GAAP loss of $2.95 per share was 1,613% below analysts’ consensus estimates.
