Sphere Entertainment Co. reported financial results for the second quarter ended June 30, 2026. Total revenues increased 11% to $313.6 million, driven by a 29% surge in Sphere segment revenue to $226.4 million as The Wizard of Oz at Sphere surpassed $400 million in ticket sales. However, the company reported an operating loss of $61.3 million and a net loss attributable to stockholders of $38.8 million, compared to prior year profits. Adjusted operating income declined 17% to $50.9 million due to higher selling, general, and administrative expenses linked to share-based compensation mark-to-market adjustments and litigation costs related to the MSG Networks merger. The Sphere segment announced that Yas Island in Abu Dhabi was selected for a new venue with construction expected by end of 2029, while plans for National Harbor continue. Additionally, a five-year partnership extension with Formula 1 Las Vegas Grand Prix through 2030 was announced. Sphere Entertainment Co. operates immersive experiential venues and regional sports networks.