Sphere Entertainment stock rises on Q2 revenue beat. * PATRICK SEITZ * Updated 11:37 AM ET 07/30/2026 Sphere Entertainment (SPHR) on Thursday beat Wall Street's targets for the second quarter. Sphere stock rose on the news. The New York City-based company lost $1.07 a share on revenue of $313.6 million in the June quarter. Analysts surveyed by FactSet had expected Sphere to lose $1.51 a share on sales of $307.4 million. Sphere's revenue rose 11% year over year. Is Apple's AI Strategy Better? Siebert Financial CIO Mark Malek breaks down Apple's AI strategy, competition with big tech and what investors should watch next. 0 seconds of 26 minutes, 43 secondsVolume 0% Is Apple's AI Strategy Better? See All Videos In late morning trades on the stock market today, Sphere advanced 3.5% to 145.03. A strong move over the 50-day moving average, currently just above 146, could offer an entry. Sphere operates the iconic spherical-shaped theater and entertainment venue in Las Vegas. The outside of the building is covered in a massive LED display called the Exosphere, which is used for advertising and promotion. The interior has a 16K surround display and 17,600 fixed seats for concerts and immersive movies like the reimagined classic musical "The Wizard of Oz." Sphere has plans for new venues outside Washington, D.C., and in Abu Dhabi, United Arab Emirates. Tokyo is another rumored Sphere location. In addition to the initial Sphere venue, the company owns MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer streaming product, MSG+, delivering live sports content and other programming. Sphere stock up 47% in 2026. "Today's results reflect our continued execution in Las Vegas, as we remain on track to deliver substantial growth this calendar year," Chief Executive James Dolan said in a news release. "We are also advancing our long-term vision for a global network of Sphere venues, including in Abu Dhabi and National Harbor." Over the last 12 months, through Wednesday's close, Sphere stock is up 225%. Year to date, it is up 47%. On Sept. 3, 2025, Sphere stock broke out of a six-week consolidation pattern at a buy point of 47.48, according to IBD MarketSurge charts. It hit a record high of 174.60 on June 30 before retreating. Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. YOU MAY ALSO LIKE:

Sphere National Harbor tax incentives approved by Prince George's County in maryland. Posted on: July 28, 2026, 03:15h. Last updated on: July 28, 2026, 03:16h. Key points. * Prince George's County has approved $200 million in tax incentives for the proposed Sphere at MGM National Harbor * Sphere Entertainment must invest at least $500 million to qualify for the incentives * Officials say the project will create jobs and generate millions in annual tax revenue Sphere National Harbor is a step closer to breaking ground after the Prince George's County Council unanimously approved a resolution that will provide the immersive entertainment project with $200 million in tax incentives. During the council's Monday (July 27) meeting, the local government endorsed the formation of the National Harbor Extraordinary Development District in Oxon Hill. Situated on approximately 14 acres located directly north of the MGM National Harbor casino resort, the designation provides Sphere Entertainment Co. with $200 million in tax credits. The ordinance requires Sphere Entertainment to invest at least $500 million in an immersive entertainment facility that has at least 3,000 seats, advanced display technology, including 4D visual effects, and "spherical LED screens." County defends incentives for billionaire. Sphere Entertainment is controlled by the billionaire Dolan family, known for owning numerous iconic venues, including Radio City Music Hall, Madison Square Garden, and the Beacon and Chicago theaters. James Dolan, whose empire includes the NBA Knicks and NHL Rangers, is worth billions, prompting some in Prince George's County to question why he needs tax breaks. County officials have defended the tax increment financing (TIF) strategy as a sound bet that will deliver a big economic return. An independent economic impact study completed by Ernst & Young (EY) agreed, finding that Dolan's $1 billion Sphere National Harbor will generate a more than $1.3 billion annual economic impact for the county once operational and support 7,100 full- and part-time positions. EY projects that Sphere National Harbor will generate $43.1 million in annual tax revenue for the county. That includes $12.7 million in property taxes, $29.5 million in admission and amusement taxes, and $900K in individual income and payroll taxes. "My team did an amazing job of putting together a deal that protected the people of Prince George's County, but also incentivized a major company to move such an iconic venue here to Prince George's County," County Executive Aisha Braveboy said in January. "Let's just say our neighbors were in the mix, and other states across the country." The original 300-acre National Harbor development was also supported by a TIF arrangement. The county utilized TIF bonds to help fund the extensive public infrastructure needed for the sprawling mixed-use destination, which, along with MGM National Harbor, includes the Gaylord National Resort & Convention Center and the Capital Wheel. How TIF financing works. Prince George's County isn't drawing $200 million out of its general funds to help Sphere Entertainment construct Sphere National Harbor. Instead, the county is issuing bonds to the company that will be repaid with future tax revenue generated by Sphere National Harbor. Essentially, the county is betting on Sphere National Harbor's success. Sphere National Harbor's big brother, Sphere Las Vegas, had a rough start, as the COVID pandemic ballooned construction costs to $2.3 billion. Since opening in 2023, Sphere Las Vegas has operated at a loss, as it writes down the immense costs incurred to open the venue. Sphere Entertainment continues to inch towards profitability, and Sphere Las Vegas has paid about $20 million a year in local property taxes to Clark County. Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, and gaming news. Devin came on board with Casino.org in 2014. He lives in Arlington, Va.

Corporate people News in brief (july 27, 2026). New people in new roles at Sphere, Swarmer, Fender, Allied Universal and Assurant. NEW YORK - Sphere Entertainment has named Karen Laureano-Rikardsen global head of corporate marketing and communications. Reporting to president and chief operating officer Jennifer Koester, she will lead the company's global marketing and communications function. Laureano-Rikardsen joins Sphere from Cantor Fitzgerald, where she served as chief communications and marketing officer. AUSTIN, TX - Swarmer has promoted Garrett Kasper to chief communications officer after serving as vice president of communications and marketing since December 2025. He will oversee the company's marketing, branding and corporate communications functions. Kasper joined Swarmer from L3Harris Technologies, where he led external communications, and brings three decades of communications experience across the defense and healthcare sectors. PHOENIX - Fender Musical Instruments has appointed Christina Stejskal chief communications officer. Reporting to CEO Edward "Bud" Cole and serving on the executive leadership team, she will oversee global brand, product and internal communications, executive and board communications, creator and influencer strategy, and corporate reputation. Stejskal returns to Fender from Dolby Laboratories, where she served as senior director of global public relations, after previously spending nearly a decade with the company. IRVINE, CA - Allied Universal has named Melissa Butler vice president of communications. She will oversee internal and external communications across North America, including corporate communications, public relations, executive messaging, social media and crisis communications. Butler joins Allied Universal from Burson, where she served as vice president leading integrated communications teams. ATLANTA - Assurant has appointed Kelli Ertel chief communications officer and chief of staff. Effective immediately, she joins the company's management committee and will lead its communications and brand functions while continuing to serve as chief of staff to president and CEO Keith Demmings. Article tags News direct to your inbox The agency playbook. The PR industry's most comprehensive listing of firms from every region and specialty.