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Computation of (loss) earnings per-share | 12 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Computation of (loss) earnings per-share | Computation of (loss) earnings per-share The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders.
|  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022
Net (loss) income available to Sphere Entertainment Co.’s stockholders (numerator): |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (224,633) |  |  | $ | 172,027 |  |  | $ | (137,850) |
Income (loss) from discontinued operations, net of taxes |  | $ | 23,984 |  |  | $ | 333,653 |  |  | $ | (52,297) |
Less: Net income attributable to redeemable noncontrolling interests from discontinued operations |  | — |  |  | 3,925 |  |  | 7,739 |
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations |  | — |  |  | (1,017) |  |  | (3,491) |
Net (loss) income attributable to discontinued operations per statement of operations |  | 23,984 |  |  | 330,745 |  |  | (56,545) |
Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations |  | — |  |  | — |  |  | (3,173) |
Net (loss) income attributable to discontinued operations for EPS: |  | $ | 23,984 |  |  | $ | 330,745 |  |  | $ | (59,718) |
Weighted-average shares (denominator): |  |  |  |  |  |
Weighted-average shares for basic EPS |  | 35,301 |  |  | 34,651 |  |  | 34,255 |
Dilutive effect of shares issuable under share-based compensation plans (a) |  | — |  |  | 278 |  |  | — |
Weighted-average shares for diluted EPS |  | 35,301 |  |  | 34,929 |  |  | 34,255 |
Weighted-average anti-dilutive shares (a) |  | — |  |  | 800 |  |  | — |
Basic (loss) earnings per common share |  |  |  |  |  |
Continuing operations |  | $ | (6.36) |  |  | $ | 4.96 |  |  | $ | (4.02) |
Discontinued operations |  | $ | 0.68 |  |  | $ | 9.55 |  |  | $ | (1.75) |
Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders |  | $ | (5.68) |  |  | $ | 14.51 |  |  | $ | (5.77) |
Diluted (loss) earnings per common share |  |  |  |  |  |
Continuing operations |  | $ | (6.36) |  |  | $ | 4.93 |  |  | $ | (4.02) |
Discontinued operations |  | $ | 0.68 |  |  | $ | 9.47 |  |  | $ | (1.75) |
Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders |  | $ | (5.68) |  |  | $ | 14.40 |  |  | $ | (5.77) |
_________________ (a) For Fiscal Years 2024 and 2022, all restricted stock units and stock options were excluded from the above table because the Company reported a net loss for the period presented, and therefore, their impact on reported loss per share would have been antidilutive.

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