The Vegas Sphere experiment was supposed to be risky. A glowing billion-dollar orb in the desert built by James Dolan sounded less like a business plan and more like the plot of a sci-fi movie. In the beginning, they struggled a bit financially. Now, their revenue is beating every expectation.
Newly released Q1 earnings, Sphere Entertainment posted $386.4 million in revenue for the quarter. This is a 38% year-over-year jump, with the Sphere division alone generating $266 million. Even more impressive? The company actually swung into profitability, reporting operating income of $7.2 million after bleeding cash this same time…
