XML 145 R123.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]                      
Revenues $ 273,395 $ 321,330 $ 314,157 $ 118,007 $ 129,099 $ 162,062 $ 159,541 $ 123,129 $ 1,026,889 $ 573,831 $ 610,055
Depreciation and amortization                 (256,494) (103,375) (124,629)
Restructuring charges                 (9,486) (27,924) (13,404)
Operating income (loss) (71,377) (40,393) (159,682) (69,789) (70,346) (101,906) (49,735) (51,055)      
Other income (expense), net                 35,197 536,887 (5,518)
Reconciliation of operating (loss) income to adjusted operating (loss) income:                      
Operating income (loss) $ (71,377) $ (40,393) $ (159,682) $ (69,789) $ (70,346) $ (101,906) $ (49,735) $ (51,055)      
Share-based compensation expense                 1,166 8,118 4,254
Depreciation and amortization                 256,494 103,375 124,629
Restructuring charges                 9,486 27,924 13,404
Continuing Operations                      
Segment Reporting Information [Line Items]                      
Revenues [1]                 1,026,889 573,831 610,055
Direct operating expenses [1]                 (547,824) (342,211) (320,278)
Selling, general and administrative expenses [1]                 (432,853) (452,142) (419,793)
Depreciation and amortization                 (256,494) (30,716) (22,562)
Impairment and other (losses) gains, net                 (121,473) 6,120 245
Restructuring charges                 (9,486) (27,924) (13,404)
Operating income (loss)                 (341,241) (273,042) (165,737)
Interest income                 25,687 11,585 3,575
Interest expense                 (79,868) 0 0
Other income (expense), net                 35,197 536,887 (5,518)
Income (loss) from operations before income taxes                 (360,225) 275,430 (167,680)
Reconciliation of operating (loss) income to adjusted operating (loss) income:                      
Operating income (loss)                 (341,241) (273,042) (165,737)
Share-based compensation expense                 46,844 42,607 56,760
Depreciation and amortization                 256,494 30,716 22,562
Restructuring charges                 9,486 27,924 13,404
Impairment and other (losses) gains, net                 121,473 (6,120) (245)
Merger and acquisition related costs, net of insurance recoveries                 (12,718) 55,047 48,517
Amortization for capitalized cloud computing costs                 87 161 271
Remeasurement of deferred compensation plan liabilities                 306 187  
Adjusted operating (loss) income                 80,731 (122,520) (24,468)
Other Information:                      
Capital expenditures                 266,197 1,034,885 720,766
Sphere | Operating Segments                      
Segment Reporting Information [Line Items]                      
Revenues                 497,159 2,610 1,900
Sphere | Continuing Operations | Operating Segments                      
Segment Reporting Information [Line Items]                      
Revenues                 497,159 2,610 1,900
Direct operating expenses                 (205,307) (5,545) 0
Selling, general and administrative expenses                 (393,039) (325,660) (293,664)
Depreciation and amortization                 (248,248) (24,048) (13,168)
Impairment and other (losses) gains, net                 (121,473) 6,229 245
Restructuring charges                 (9,476) (23,136) (12,952)
Operating income (loss)                 (480,384) (369,550) (317,639)
Reconciliation of operating (loss) income to adjusted operating (loss) income:                      
Operating income (loss)                 (480,384) (369,550) (317,639)
Share-based compensation expense                 40,514 36,188 39,668
Depreciation and amortization                 248,248 24,048 13,168
Restructuring charges                 9,476 23,136 12,952
Impairment and other (losses) gains, net                 121,473 (6,229) (245)
Merger and acquisition related costs, net of insurance recoveries                 (1,176) (189) 20,834
Amortization for capitalized cloud computing costs                 0 0 95
Remeasurement of deferred compensation plan liabilities                 306 187  
Adjusted operating (loss) income                 (61,543) (292,409) (231,167)
Other Information:                      
Capital expenditures                 259,642 1,025,700 717,093
MSG Networks | Operating Segments                      
Segment Reporting Information [Line Items]                      
Revenues                 529,730 571,221 608,155
MSG Networks | Continuing Operations | Operating Segments                      
Segment Reporting Information [Line Items]                      
Revenues                 529,730 571,221 608,155
Direct operating expenses                 (342,517) (336,666) (320,278)
Selling, general and administrative expenses                 (39,814) (126,482) (126,129)
Depreciation and amortization                 (8,246) (6,668) (9,394)
Impairment and other (losses) gains, net                 0 (109) 0
Restructuring charges                 (10) (4,788) (452)
Operating income (loss)                 139,143 96,508 151,902
Reconciliation of operating (loss) income to adjusted operating (loss) income:                      
Operating income (loss)                 139,143 96,508 151,902
Share-based compensation expense                 6,330 6,419 17,092
Depreciation and amortization                 8,246 6,668 9,394
Restructuring charges                 10 4,788 452
Impairment and other (losses) gains, net                 0 109 0
Merger and acquisition related costs, net of insurance recoveries                 (11,542) 55,236 27,683
Amortization for capitalized cloud computing costs                 87 161 176
Remeasurement of deferred compensation plan liabilities                 0 0  
Adjusted operating (loss) income                 142,274 169,889 206,699
Other Information:                      
Capital expenditures                 $ 6,555 $ 9,185 $ 3,673
[1] See Note 18. Related Party Transactions, for further information on related party revenues and expenses