Sphere Entertainment Exits Fiscal Year Eclipsing $1 Billion in Revenue
In the fiscal year since the grand opening of the Las Vegas Sphere, the next-generation venue's proprietors have reported on remarkable revenue growth to the tune of over $1 billion.
Fueled by a string of high-profile music residencies both current and forthcoming, Sphere Entertainment's flagship property in Vegas has proven to be a financial juggernaut since its September 2023 debut. The mesmerizing venue has quickly established itself as a premier destination for live entertainment, hosting iconic acts like U2, Dead & Company and Phish, each of whom have drawn massive crowds during their residencies. The Eagles are also slated to begin a highly anticipated 20-show residency in September, further solidifying the Sphere's status as a magnet for top-tier talent.
Adding to the momentum, Anyma is set to make history as the first electronic dance music artist to perform at the Sphere. His limited six-show engagement, starting in late December, sold out in short order. With those momentous concerts on the horizon, it’s clear that demand for EDM talent at the cutting-edge venue is only positioned to accelerate as 2025 looms.
As Sphere Entertainment wraps up its fiscal year on a high note, its record-breaking venue in Vegas continues to set the stage for even greater achievements ahead.
"Fiscal 2024 marked the opening of Sphere in Las Vegas and a new chapter for our Company," said Executive Chairman and CEO James L. Dolan. "Sphere has already welcomed millions of guests, world-renowned artists and numerous global brands. We are confident that we are on the right path to execute on our vision for this next-generation medium."
