The Las Vegas Sphere saw a decline in revenue last quarter but executives say the venue is making progress.
During an earnings call Tuesday, Sphere Entertainment Co. revealed that segment revenue slipped to $127.1 million in the quarter ending on Sept. 30. The two previous quarters garnered around $151.2 million and $170.4 million in revenue, respectively.
Event revenue was at around $40.9 million, down from the prior quarter’s $58.4 million. However, CEO James Dolan said they have no shortage of events and are “struggling with how to squeeze everybody in through the fall.”
Through advertising and suite license fees charged using its 580,000 square-foot exterior, the company generated $8.5 million, a decline from $15.9 million.
