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Segment Information (Tables)

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Information as to the operations of the Company’s reportable segments is set forth below.

						Year Ended June 30, 2024
						Sphere						MSG Networks												Total
Revenues						$	497,159					$	529,730											$	1,026,889
Direct operating expenses						(205,307)						(342,517)												(547,824)
Selling, general and administrative expenses						(393,039)						(39,814)												(432,853)
Depreciation and amortization						(248,248)						(8,246)												(256,494)
Impairment and other losses, net						(121,473)						—												(121,473)
Restructuring charges						(9,476)						(10)												(9,486)
Operating (loss) income						(480,384)						139,143												(341,241)
Interest income																								25,687
Interest expense																								(79,868)
Other income, net																								35,197
Loss from operations before income taxes																								$	(360,225)
Reconciliation of operating (loss) income to adjusted operating (loss) income:
Operating (loss) income						$	(480,384)					$	139,143											$	(341,241)
Add back:
Share-based compensation						40,514						6,330												46,844
Depreciation and amortization						248,248						8,246												256,494
Restructuring charges						9,476						10												9,486
Impairment and other losses, net						121,473						—												121,473
Merger and acquisition related costs, net of insurance recoveries						(1,176)						(11,542)												(12,718)
Amortization for capitalized cloud computing costs						—						87												87
Remeasurement of deferred compensation plan liabilities						306						—												306
Adjusted operating (loss) income						$	(61,543)					$	142,274											$	80,731
Other information:
Capital expenditures						$	259,642					$	6,555											$	266,197

						Year Ended June 30, 2023
						Sphere						MSG Networks									Total
Revenues						$	2,610					$	571,221								$	573,831
Direct operating expenses						(5,545)						(336,666)									(342,211)
Selling, general and administrative expenses						(325,660)						(126,482)									(452,142)
Depreciation and amortization						(24,048)						(6,668)									(30,716)
Impairment and other gains (losses), net						6,229						(109)									6,120
Restructuring charges						(23,136)						(4,788)									(27,924)
Operating (loss) income						(369,550)						96,508									(273,042)
Interest income																					11,585
Interest expense																					—
Other income, net																					536,887
Income from operations before income taxes																					$	275,430
Reconciliation of operating (loss) income to adjusted operating (loss) income:
Operating (loss) income						$	(369,550)					$	96,508								$	(273,042)
Add back:
Share-based compensation						36,188						6,419									42,607
Depreciation and amortization						24,048						6,668									30,716
Restructuring charges						23,136						4,788									27,924
Impairment and other (gains) losses, net						(6,229)						109									(6,120)
Merger and acquisition related costs						(189)						55,236									55,047
Amortization for capitalized cloud computing costs						—						161									161
Remeasurement of deferred compensation plan liabilities						187						—									187
Adjusted operating (loss) income						$	(292,409)					$	169,889								$	(122,520)
Other information:
Capital expenditures						$	1,025,700					$	9,185								$	1,034,885

						Year Ended June 30, 2022
						Sphere															MSG Networks												Total
Revenues						$	1,900														$	608,155											$	610,055
Direct operating expenses						—															(320,278)												(320,278)
Selling, general and administrative expenses						(293,664)															(126,129)												(419,793)
Depreciation and amortization						(13,168)															(9,394)												(22,562)
Impairment and other gains						245															—												245
Restructuring charges						(12,952)															(452)												(13,404)
Operating (loss) income						(317,639)															151,902												(165,737)
Interest income																																	3,575
Interest expense																																	—
Other expense, net																																	(5,518)
Loss from operations before income taxes																																	$	(167,680)
Reconciliation of operating (loss) income to adjusted operating (loss) income:
Operating (loss) income						$	(317,639)														$	151,902											(165,737)
Add back:
Share-based compensation						39,668															17,092												56,760
Depreciation and amortization						13,168															9,394												22,562
Restructuring charges						12,952															452												13,404
Impairment and other gains						(245)															—												(245)
Merger and acquisition related costs						20,834															27,683												48,517
Amortization for capitalized cloud computing costs						95															176												271
Adjusted operating (loss) income						$	(231,167)														$	206,699											$	(24,468)
Other information:
Capital expenditures						$	717,093														$	3,673											$	720,766

Schedules of Concentration of Risk

Accounts receivable, net on the accompanying consolidated balance sheets as of June 30, 2024 and 2023 included amounts due from the following individual customers, substantially derived from the MSG Networks segment, which accounted for the noted percentages of the gross balance:

						As of June 30,
						2024						2023
Customer A						10		%				23		%
Customer B						10		%				22		%
Customer C						N/A						17		%

Revenues in the accompanying consolidated statements of operations for Fiscal Years 2024, 2023 and 2022 included amounts from the following individual customers, primarily derived from the MSG Networks segment, which accounted for the noted percentages of the total:

						Years Ended June 30,
						2024						2023						2022
Customer 1						14		%				26		%				27		%
Customer 2						13		%				26		%				26		%
Customer 3						10		%				21		%				21		%

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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