Las Vegas Sphere Made $75M With Concerts and Movies

Las Vegas Sphere Made $75M With Concerts and Movies

News by Roberto Orosa
Published: December 07, 2023

Las Vegas' newest attraction this year, The Sphere, is making big money in just over two months of operations — and it's not from the ads.

Owned by James Dolan of Madison Square Garden, the company reportedly earned over $75 million from two main attractions:

U2's 17 performances brought in $30.7 million, averaging $1.8 million per show. Aronofsky's film, screened 111 times, earned $44.5 million, averaging $400,000 per showing.

Shared in a Tuesday filing, the company said it expects to become profitable in the last quarter of 2023. These developments come after the company reported a loss of over $98.4 million in November.

At the time, it noted gaining around $6.7 million from event revenue, sponsorships and advertising, however failing to break even due to high operating costs amounting to about $7.8 million.

More Than An Ad Space

Beyond concerts, The Sphere hosted the Las Vegas Grand Prix and runs ads for NFL Sunday Ticket, PlayStation, Meta, Xbox and Coca-Cola on its iconic "exosphere" LED-powered globe.

U2 kicked off The Sphere on September 29, drawing attention on social media platforms for its mesmerizing visuals. Costing $2.3 billion, the venue boasts the world's largest LED displays, 160,000 speakers and high-tech features for an immersive experience.

While concerts are central, The Sphere plans original programming on non-concert days, like Aronofsky's "Postcards," an immersive documentary boasting a 4D experience.

To support its plans, The Sphere announced the sale of $225 million in private debt to an institutional buyer, underlining its rapid success in the Las Vegas entertainment scene.

Subscribe to Spotlight Newsletter
Subscribe to our newsletter to get the latest industry news