The Sphere Entertainment Company reported its first quarter revenue of $386 million was driven by a nearly 40% jump in income from The Wizard of Oz at Sphere and residencies from The Eagles and Illenium‘s Odyssey this week.
Overall company revenue rose 38%, an increase of $105.8 million, in the quarter ending March 31 compared to the same period a year ago, the company reported on Tuesday (May 5). The Sphere segment contributed $266 million to that total on higher per-show-revenues from The Sphere Experience film showings, brand events, concert residencies and sponsorship and suite licensing fees.
The Wizard of Oz at Sphere has sold nearly 3 million tickets for $370 million in ticket revenue since opening last August.
