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LAS VEGAS - Sphere Entertainment Co. (NYSE:SPHR) reported Monday that its new Sphere Experience, "The Wizard of Oz," has sold more than 500,000 tickets generating over $65 million in sales since tickets became available to the public on June 10. The entertainment company, currently valued at $2.1 billion, has shown strong revenue growth of 44% over the last twelve months.
According to the company, the immersive experience, which opened on August 28 in Las Vegas, sold more than 280,000 tickets in the first 15 days following its premiere.
The Wizard of Oz at Sphere is currently scheduled to run through April 2026 with multiple daily showtimes at the venue, which first opened in September 2023.
The announcement comes as Sphere Entertainment continues to establish its Las Vegas venue as a destination for immersive entertainment experiences. The company’s statement did not provide details on production costs or profitability metrics for the show.
Sphere Entertainment Co. operates the Sphere venue in Las Vegas and also owns MSG Networks, which runs regional sports and entertainment networks and a streaming service.
This information is based on a press release statement from Sphere Entertainment Co.
In other recent news, Sphere Entertainment Co. has made significant strides with its financial activities and management changes. The company repurchased a total of 1,054,247 shares of its Class A common stock, amounting to $50 million, with transactions occurring between August 21 and September 11, 2025. These buybacks were conducted using available cash reserves. On the financial analysis front, Goldman Sachs has maintained its Buy rating and $50.00 price target for Sphere Entertainment following robust second-quarter financial results that surpassed consensus expectations. The strong sales performance of Sphere’s "The Wizard of Oz" experience has prompted Guggenheim to raise its price target for the company to $76.00, maintaining a Buy rating as well. In a leadership update, Sphere Entertainment announced the departure of Andrea Greenberg, CEO of its subsidiary MSG Networks, effective September 2, 2025, following the expiration of her employment agreement. The company has outlined that Greenberg will receive specific benefits upon her exit, pending the completion of certain formalities.
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