Sphere Entertainment reported financial results for the three months ending Dec. 31 that had revenue down 2% to $308 million. The net loss for the quarter was $126 million and $231 million for the six months, as the company transitioned from a June fiscal year end to December.
Sphere, whose two business segments are the eponymous Las Vegas venue and MSG Networks, also warned that bankruptcy is an option for the regional sports network if can’t refinance its debt that came due last Oct. 11. The company and its lenders have entered into several forbearance agreements to extend the deadline, with the current expiration date on March 26.
