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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ 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
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 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)
Income tax benefit (expense)                 135,592 (103,403) 29,830
(Loss) income from continuing operations (71,217) (47,240) (173,248) 67,072 359,636 (113,998) (27,308) (46,303) (224,633) 172,027 (137,850)
Income (loss) from discontinued operations, net of taxes 24,631 0 0 (647) 178,085 55,443 97,865 2,260 23,984 333,653 (52,297)
Net (loss) income         537,721 (58,555) 70,557 (44,043) (200,649) 505,680 (190,147)
Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations                   3,925 7,739
Net (loss) income attributable to Sphere Entertainment Co.’s stockholders $ (46,586) $ (47,240) $ (173,248) $ 66,425 $ 536,792 $ (56,847) $ 67,584 $ (44,757) $ (200,649) $ 502,772 $ (194,395)
Basic (loss) earnings per common share                      
Continuing operations, basic (in dollars per share)                 $ (6.36) $ 4.96 $ (4.02)
Discontinued operations, basic (in dollars per share)                 0.68 9.55 (1.75)
Basic (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)                 (5.68) 14.51 (5.77)
Diluted (loss) earnings per common share                      
Continuing operations, diluted (in dollars per share)                 (6.36) 4.93 (4.02)
Discontinued operations, diluted (in dollars per share)                 0.68 9.47 (1.75)
Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)                 $ (5.68) $ 14.40 $ (5.77)
Weighted-average number of common shares outstanding:                      
Basic (in shares)                 35,301 34,651 34,255
Diluted (in shares)                 35,301 34,929 34,255
Continuing Operations                      
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 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)
(Loss) income from continuing operations before income taxes                 (360,225) 275,430 (167,680)
Income tax benefit (expense)                 135,592 (103,403) 29,830
Net (loss) income                 (200,649) 505,680 (190,147)
Basic (loss) earnings per common share                      
Basic (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ (2.00) $ (1.33) $ (4.91) $ 1.92 $ 10.34 $ (3.28) $ (0.79) $ (1.35)      
Diluted (loss) earnings per common share                      
Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) (2.00) (1.33) (4.91) 1.90 $ 10.21 $ (3.28) $ (0.79) $ (1.35)      
Discontinued Operations                      
Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations         $ 1,264 $ (1,492) $ 3,029 $ 1,124 0 3,925 7,739
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations         $ (335) $ (216) $ (56) $ (410) $ 0 $ (1,017) $ (3,491)
Basic (loss) earnings per common share                      
Basic (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) 0.69 0 0 (0.02) $ 5.09 $ 1.65 $ 2.74 $ 0.05      
Diluted (loss) earnings per common share                      
Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ 0.69 $ 0 $ 0 $ (0.01) $ 5.03 $ 1.65 $ 2.74 $ 0.05      
[1] See Note 18. Related Party Transactions, for further information on related party revenues and expenses