Sphere Entertainment Co. has released its financial results for fiscal 2025, reporting revenues of $942.7 million, a decrease of $16.5 million, or 2%, compared to the prior year. The company experienced an operating income increase to $122.1 million, up by $10.2 million, or 9%. Adjusted operating income rose to $222.5 million, marking an increase of $11.0 million, or 5%, from the previous year. In the fourth quarter of fiscal 2025, Sphere Entertainment Co. reported revenues of $154.1 million, a decrease of $31.9 million, or 17%, compared to the same period in the prior year. The quarter saw an operating loss of $25.8 million, which is an increase of $16.9 million from the prior year quarter. The adjusted operating loss for the quarter was $1.3 million, contrasting with an adjusted operating income of $13.1 million in the previous year quarter. The decline in fourth-quarter revenues from entertainment offerings, which totaled $118.7 million, was primarily attributed to a $21.6 million decrease in event-related revenues, mainly from concerts. This was slightly offset by increased revenues from other live entertainment and sporting events. The company also repurchased approximately $40 million of its Class A common stock during fiscal 2025. Looking ahead, Executive Chairman and CEO James L. Dolan expressed optimism for fiscal 2026, noting strong demand for their entertainment assets and a solid position for revenue and adjusted operating income growth in the upcoming year.