Leisure Facilities Stocks Q4 Teardown: Sphere Entertainment (NYSE:SPHR) Vs The Rest

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q4, starting with Sphere Entertainment (NYSE:SPHR).

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 11 leisure facilities stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was 1.6% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 13.5% since the latest earnings results.

Sphere Entertainment (NYSE:SPHR)

Famous for its viral Las Vegas Sphere venue, Sphere Entertainment (NYSE:SPHR) hosts live entertainment events and distributes content across various media platforms.

Sphere Entertainment reported revenues of $308.3 million, down 1.9% year on year. This print exceeded analysts’ expectations by 6.9%. Overall, it was a strong quarter for the company with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.

Executive Chairman and CEO James L. Dolan said, "As we enter a new fiscal year, we see significant opportunities to drive our Sphere business forward in Las Vegas and beyond. We believe we are on a path toward realizing our vision for this next-generation medium and generating long-term shareholder value."Sphere Entertainment Total Revenue

Sphere Entertainment achieved the biggest analyst estimates beat of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 29.4% since reporting and currently trades at $30.81.

Is now the time to buy Sphere Entertainment? Access our full analysis of the earnings results here, it’s free.

Best Q4: Live Nation (NYSE:LYV)

Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.

Live Nation reported revenues of $5.68 billion, down 2.4% year on year, outperforming analysts’ expectations by 1.4%. The business had an exceptional quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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Live Nation Total Revenue

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 21.9% since reporting. It currently trades at $118.95.

Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Bowlero (NYSE:BOWL)

Operating over 300 locations globally, Bowlero (NYSE:BOWL) is a contemporary bowling company merging classic lanes with entertainment and deluxe food offerings.

Bowlero reported revenues of $300.1 million, down 1.8% year on year, falling short of analysts’ expectations by 4.9%. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

The stock is flat since the results and currently trades at $11.80.

Read our full analysis of Bowlero’s results here.

Planet Fitness (NYSE:PLNT)

Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise that caters to casual fitness users by providing a friendly and inclusive atmosphere.

Planet Fitness reported revenues of $340.5 million, up 19.4% year on year. This result surpassed analysts’ expectations by 4.9%. It was a very strong quarter as it also produced a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.

Planet Fitness pulled off the fastest revenue growth among its peers. The stock is down 5.3% since reporting and currently trades at $94.22.

Read our full, actionable report on Planet Fitness here, it’s free.

Life Time (NYSE:LTH)

With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club emphasizing holistic well-being and fitness.

Life Time reported revenues of $663.3 million, up 18.7% year on year. This print met analysts’ expectations. Overall, it was a strong quarter as it also recorded a solid beat of analysts’ EPS estimates and full-year EBITDA guidance topping analysts’ expectations.

Life Time achieved the highest full-year guidance raise among its peers. The stock is down 8.9% since reporting and currently trades at $28.80.

Read our full, actionable report on Life Time here, it’s free.

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