Sphere Entertainment

Shares of Sphere Entertainment rose about 5.6% after Guggenheim analyst Curry Baker raised the price target from $193 to $208 and reiterated a "Buy" rating. Baker cited near-term catalysts such as seasonally stronger attendance in Las Vegas and the launch of "Wonders of the World" version 2.0 on Sept. 25 with enhanced 4D effects. He forecasts adjusted operating profit for 2026 of $253m (including roughly $20m of charges) and expects further announcements in the next six months as well as a possible new show in late 2027/early 2028. The analyst also sees untapped potential in attendance, sponsorship and advertising through 2027. » More on de.investing.com

The Department of Culture and Tourism Abu Dhabi and Sphere Entertainment announce construction of a Sphere venue on Yas Island with costs of $1.7 billion. The facility, the first Sphere location outside the US, is expected to be completed by the end of 2029 and will hold up to 20,000 visitors depending on configuration. Planned offerings include immersive experiences, concert residencies and sports events; the exterior shell (Exosphere) will feature LED displays showcasing works by local artists. Sphere Entertainment, with a market value of $4.72 billion and a strongly risen share price, is named as the project's primary user. » More on de.investing.com

Madison Square Garden Entertainment reported Q3 earnings per share of $0.11 versus $0.57 expected, significantly missing estimates. Revenue rose slightly to $246.3 million, marginally beating expectations, while adjusted operating income fell 21% to $46 million due to higher operating and SG&A costs. The stock was down about 2.5% in premarket trading. Management points to future revenue growth from high‑profile residency runs, including 30 performances by Harry Styles, and stresses cost‑optimization measures. » More on de.investing.com