08:50 AM EST, 11/12/2024 (MT Newswires) -- Sphere Entertainment ( SPHR ) reported a fiscal Q1 loss Tuesday of $2.95 per share, swinging from earnings of $1.89 per share a year earlier.

Analysts expected a loss of $2.76.

Revenue for the quarter ended Sept. 30 was $227.9 million, up from $118 million a year earlier.

The consensus forecast was $247.5 million.

Shares of the company fell 4.5% in recent premarket activity.

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