Sphere Entertainment Stock Drops as Firm Says MSG Networks Bankruptcy Possible
1. Sphere Entertainment's Q2 revenue fell 2% to $308.3 million, missing expectations. 2. MSG Networks may face bankruptcy if debt is not refinanced by October. 3. Company reported a $3.49 loss per share, wider than analysts' predictions. 4. Sphere shares dropped over 5%, reflecting market concerns about financial health. 5. Overall shares are down nearly 7% over the past year.