Business
Sphere Entertainment Co. Repurchases Additional $22.5 Million of SPHR Class A Common Stock
NEW YORK, September 12, 2025--Sphere Entertainment Co. (NYSE: SPHR) (the "Company" or "Sphere Entertainment") today announced that the Company repurchased 425,219 shares of SPHR Class A common stock at an average price of $52.91 per share for an aggregate purchase price of approximately $22.5 million from September 3, 2025 through September 11, 2025. The share repurchases were funded using cash on hand.
About this update from Sphere Entertainment Co.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":3000,"height":581,"url":"https://media.zenfs.com/en/business-wire.com/d2e6d8a7ea8b2050aae0025666a76ee9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5UaSQeKLKyTFpdFJnVPmTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d2e6d8a7ea8b2050aae0025666a76ee9","width":960,"height":186},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/vQ4HE8Te3Y7Uf5fuFni_tA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00NjQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/d2e6d8a7ea8b2050aae0025666a76ee9","width":1200,"height":232}},"lazy":false},{"type":"text","content":"$50 Million of SPHR Class A Common Stock Repurchased in 2025 To-Date","length":68,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, September 12, 2025--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (the "Company" or "Sphere Entertainment") today announced that the Company repurchased 425,219 shares of SPHR Class A common stock at an average price of $52.91 per share for an aggregate purchase price of approximately $22.5 million from September 3, 2025 through September 11, 2025. The share repurchases were funded using cash on hand.","length":443,"tagName":"p"},{"type":"text","content":"The Company has now repurchased 1,054,247 shares of SPHR Class A common stock at an average price of $47.43 per share for an aggregate purchase price of $50 million in 2025 to-date. The Company will continue to evaluate additional opportunistic share repurchases going forward and has approximately $300 million remaining under its existing share repurchase authorization.","length":372,"tagName":"p"},{"type":"text","content":"About Sphere Entertainment Co.Sphere 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 ...