www.ticketnews.com: For the three months ending in Dec. 31, 2025, total company revenue increased 28% to $394.3 million, up from $308.3 million in the prior-year quarter. The company posted an operating income of $28.9 million, compared to an operating loss of $142.9 million a year earlier. Adjusted operating income rose to $128.0 million, up $95.2 million year-over-year.
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I still think it's so incredibly funny that so many people believed that this sphere was the future of live entertainment. Yet today it still remains one of the few that were actually built. I think part of it is the difficulty of transferring the format of media that we create in order to be compatible with this sort of stage, while also continuing to be compatible with other forms of venues. I mean you basically have to design two entirely different forms of your show in order to perform here, otherwise you just wouldn't able to perform anywhere else. That definitely plays a role in why it's really just failed to get anywhere beyond Vegas. People just don't want to change the way we design things for this incredibly niche concept. You really can't beat the current setup of things, it's basically universal in how we setup arena events around the world at this point, and the designers behind the sphere, believed that they could just change it?
This brighter side of the sphere’s story will not make me like it more. I fear that the initial boom in popularity of the Wizard of Oz at the sphere is likely not sustainable. The Wizard of Oz craze reminds me a lot of the Van Gogh exhibits, I don’t know if this was just a colorado thing. There was a split second in history in which someone advertised a van gogh exhibit incredibly well. I even went because I thought it would be awesome, and it was just a blank room in which the audience sat on the floor and watched projections of Van Gogh’s work sprawled all over the room. It was cool enough to make profit for again, a split second, then inspiring other exhibits of artists to be projected onto the entirety of a room and framed as an “interactive exhibit.” Additionally, these installations had free gifts along with the experience, I for example had gotten a Van Gogh poster. Probably six months after this craze started, the mass of Van Gogh posters at every single thirst store went crazy. What I’m trying to say here is, this shows the sphere does not have the pull to return like a live human performance. Profit margins will dwindle after people watch it once and realize it’s just the Wizard of Oz.
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