{"id":881532,"date":"2025-09-03T11:58:00","date_gmt":"2025-09-03T15:58:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sphere-entertainment-co-repurchases-27-5-million-of-sphr-class-a-common-stock\/"},"modified":"2025-09-03T11:58:00","modified_gmt":"2025-09-03T15:58:00","slug":"sphere-entertainment-co-repurchases-27-5-million-of-sphr-class-a-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sphere-entertainment-co-repurchases-27-5-million-of-sphr-class-a-common-stock\/","title":{"rendered":"Sphere Entertainment Co. Repurchases $27.5 Million of SPHR Class A Common Stock"},"content":{"rendered":"

<\/p>\n

Sphere Entertainment Co. Repurchases $27.5 Million of SPHR Class A Common Stock<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSphere Entertainment Co. (NYSE: SPHR) (the \u201cCompany\u201d or \u201cSphere Entertainment\u201d) today announced that the Company repurchased 629,028 shares of SPHR Class A common stock at an average price of $43.72 per share for an aggregate purchase price of approximately $27.5 million from August 21, 2025 through August 29, 2025. The share repurchases were funded using cash on hand.<\/p>\n

\nThese share repurchases reflect the Company\u2019s confidence in the long-term growth potential of its Sphere business. The Company will continue to evaluate additional opportunistic share repurchases going forward and has approximately $322.5 million remaining under its existing share repurchase authorization.<\/p>\n

About Sphere Entertainment Co.<\/b><\/p>\n

\nSphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at www.sphereentertainmentco.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the factors described in the Company\u2019s filings with the Securities and Exchange Commission, including the sections titled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250902431516\/en\/<\/a><\/span><\/p>\n

\nAri Danes, CFA
\n
Investor Relations and Financial Communications
\n
(212) 465-6072<\/p>\n

\nJustin Blaber
\n
Financial Communications
\n
(212) 465-6109<\/p>\n

\nGrace Kaminer
\n
Investor Relations
\n
(212) 631-5076<\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Entertainment Sports Other Entertainment TV and Radio Other Sports Events\/Concerts General Sports<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sphere Entertainment Co. Repurchases $27.5 Million of SPHR Class A Common Stock NEW YORK–(BUSINESS WIRE)– Sphere Entertainment Co. (NYSE: SPHR) (the \u201cCompany\u201d or \u201cSphere Entertainment\u201d) today announced that the Company repurchased 629,028 shares of SPHR Class A common stock at an average price of $43.72 per share for an aggregate purchase price of approximately $27.5 million from August 21, 2025 through August 29, 2025. The share repurchases were funded using cash on hand. These share repurchases reflect the Company\u2019s confidence in the long-term growth potential of its Sphere business. The Company will continue to evaluate additional opportunistic share repurchases going forward and has approximately $322.5 million remaining under its existing share repurchase authorization. About Sphere Entertainment Co. Sphere Entertainment Co. … <\/p>\n

Continue reading “Sphere Entertainment Co. Repurchases $27.5 Million of SPHR Class A Common Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-881532","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSphere Entertainment Co. Repurchases $27.5 Million of SPHR Class A Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sphere-entertainment-co-repurchases-27-5-million-of-sphr-class-a-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sphere Entertainment Co. 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