Las Vegas Sphere reveals nearly $100 million loss in latest quarter soon after CFO resigns

The MSG Sphere reported losing $98.4 million for the financial quarter ending on Sept 30, a day after the venue first opened in Las Vegas Strip. The loss was announced around a week after Gautam Ranj resigned as Sphere Entertainment’s chief financial officer, according to a Securities and Exchange Commission filing. Ranj held his role for 11 months. Sphere Entertainment said Ranj’s departure was “not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls.” Senior Vice President Greg Brunner took over as the company’s interim CFO on Nov. 3, the filing added.