BUZZ-Sphere Entertainment slides after Q1 revenue miss

reuters11-13
BUZZ-Sphere Entertainment slides after Q1 revenue miss

** Live entertainment and media company Sphere Entertainment's SPHR.N shares down ~9.8% at $39.72

** SPHR reports Q1 revenue of 227.9 mln, missing ests. of $247.5 mln, according to data compiled by LSEG

** Company posts Q1 total operating loss of $117.6 mln, compared with $69.8 mln, a year ago

** Four of eight brokerages rate the stock "buy" or higher, three "hold" and one "sell"; their median PT is $47 - LSEG data

** Including session's moves, stock up ~18% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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