Sphere Entertainment repurchases $22.5 million in stock

Sphere Entertainment Co. (NYSE: SPHR) repurchased 425,219 shares of its Class A common stock for approximately $22.5 million between September 3 and September 11, 2025, at an average price of $52.91 per share.

The entertainment company funded the repurchases with cash on hand. The transactions bring Sphere Entertainment's total stock repurchases for 2025 to $50 million, representing 1,054,247 shares at an average price of $47.43 per share.

The company has approximately $300 million remaining under its existing share repurchase authorization and indicated it will continue evaluating additional share repurchases.

Sphere Entertainment operates entertainment venues including the Sphere venue in Las Vegas, which opened in September 2023, and MSG Networks, which runs MSG Network and MSG Sportsnet regional sports networks along with the MSG+ streaming service.

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