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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 129,099 $ 162,062 $ 159,541 $ 123,129 $ 139,749 $ 168,080 $ 160,753 $ 141,473 $ 573,831 $ 610,055 $ 647,510
Depreciation and amortization                 (103,375) (124,629) (121,999)
Restructuring charges                 (27,924) 13,404  
Operating (loss) income (70,345) (101,907) (49,735) (51,055) (61,849) (22,188) (29,276) (52,424)      
Other income (expense), net                 536,887 (5,518) (3,935)
Income tax (expense) benefit                 (103,403) 29,830 (38,907)
Income (loss) from continuing operations 359,637 (113,999) (50,453) (23,158) (51,551) (27,021) (21,941) (37,337)      
Income (loss) from discontinued operations, net of taxes 178,087 55,441 97,889 2,236 (47,653) 7,715 26,959 (39,318) 333,653 (52,297) (171,142)
Net income (loss) 537,724 (58,558) 47,436 (20,922) (99,204) (19,306) 5,018 (76,655) 505,680 (190,147) (166,519)
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations                 3,925 7,739 (16,269)
Net income (loss) attributable to Sphere Entertainment Co.’s stockholders $ 536,795 $ (56,850) $ 44,463 $ (21,636) $ (99,942) $ (17,491) $ 2,270 $ (79,232) $ 502,772 $ (194,395) $ (148,151)
Basic earnings (loss) per common share                      
Continuing operations, basic (in dollars per share)                 $ 4.96 $ (4.02) $ 0.14
Discontinued operations, basic (in dollars per share)                 9.55 (1.75) (4.74)
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)                 14.51 (5.77) (4.60)
Diluted earnings (loss) per common share                      
Continuing operations, diluted (in dollars per share)                 4.93 (4.02) 0.13
Discontinued operations, diluted (in dollars per share)                 9.47 (1.75) (4.72)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)                 $ 14.40 $ (5.77) $ (4.59)
Weighted-average number of common shares outstanding:                      
Basic (in shares)                 34,651 34,255 34,077
Diluted (in shares)                 34,929 34,255 34,252
Continuing Operations                      
Revenues [1]                 $ 573,831 $ 610,055 $ 647,510
Direct operating expenses [1]                 (342,211) (320,278) (262,859)
Selling, general and administrative expenses [1]                 (452,142) (419,793) (295,472)
Depreciation and amortization                 (30,716) (22,562) (16,606)
Impairment and other gains, net                 6,120 245 0
Restructuring charges                 (27,924) (13,404) (8,061)
Operating (loss) income                 (273,042) (165,737) 64,512
Interest income                 11,585 3,575 3,172
Interest expense                 0 0 (20,219)
Other income (expense), net                 536,887 (5,518) (3,935)
Income (loss) from operations before income taxes                 275,430 (167,680) 43,530
Income tax (expense) benefit                 (103,403) 29,830 (38,907)
Income (loss) from continuing operations                 172,027 (137,850) 4,623
Basic earnings (loss) per common share                      
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ 10.34 $ (3.28) $ (1.45) $ (0.67) $ (1.50) $ (0.79) $ (0.64) $ (1.10)      
Diluted earnings (loss) per common share                      
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ 10.21 $ (3.28) $ (1.45) $ (0.67) $ (1.50) $ (0.79) $ (0.64) $ (1.10)      
Discontinued Operations                      
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations $ 1,264 $ (1,492) $ 3,029 $ 1,124 $ 3,327 $ (442) $ 2,642 $ 2,212 3,925 7,739 (16,269)
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations $ (335) $ (216) $ (56) $ (410) $ (2,589) $ (1,373) $ 106 $ 365 $ (1,017) $ (3,491) $ (2,099)
Basic earnings (loss) per common share                      
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ 5.09 $ 1.65 $ 2.74 $ 0.04 $ (1.50) $ 0.28 $ 0.71 $ (1.23)      
Diluted earnings (loss) per common share                      
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share) $ 5.03 $ 1.65 $ 2.73 $ 0.04 $ (1.50) $ 0.28 $ 0.70 $ (1.23)      
[1] See Note 17. Related Party Transactions, for further information on related party revenues and expenses