The German company helped develop the venue company’s iconic immersive sound system.
In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
Shares of Sphere Entertainment dropped more than 15% following the release of the SEC filing.
Sphere Entertainment expects two more residencies in the second half of its current fiscal year ending June 30, 2024.
The live entertainment company led stocks this week on the Billboard Global Music Index, which improved 0.5% to 1,355.68 for a year-to-date gain of 16.1%.