Sphere Entertainment Co.

Good morning. Thank you for standing by and welcome to the Sphere Entertainment Co. Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's remarks, there will be a question and answer session. I would now like to turn the call over to Ari Danes, Investor Relations. Ari, please go ahead.

Thank you. Good morning and welcome to Sphere Entertainment's Second Quarter 2026 Earnings Conference Call. Today's call will begin with our executive chairman and CEO, Jim Dolan, who will provide an update on our business. Robert Langer, our executive vice president, chief financial officer and treasurer, will then review our financial results for the period. After our prepared remarks, we'll open up the call for questions. If you do not have a copy of today's earnings release, it is available in the investor section of our corporate website. Please take note of the following. Today's discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. On pages four and five of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income or AOI, a non-GAAP financial measure. And with that, I'll now turn the call over to Jim.

Thank you, Ari, and good morning, everyone. For today's call, I'd like to discuss our progress in two important areas of the business, expanding the Sphere venue footprint around the world and developing a diverse slate of original content. In Abu Dhabi, we recently announced Sphere site location on Yaz Island. Construction for Sphere is now underway and is expected to be completed by the end of 2029. Here in the U.S., we continue to advance our plans for Sphere at National Harbor. We expect to complete an agreement for third-party financing in the near term. This funding would be in addition to $200 million in state, local, and private incentives. The contemplated structure would give us full operational control of the venue day to day. This would also allow us to consolidate the venue's financials and retain more of its economics. In addition, we recently filed our detailed site plan with Prince George's County As we work towards securing necessary permits, we continue to believe the venue could be open in under four years. We also remain in discussion with a significant number of markets regarding large and small-scale spheres. At the same time, we continue to focus on developing a diverse slate of original experiences. Last month, we announced a new experience, the Rocky Horror Picture Show at Sphere, which we expect to debut in 2027. Bringing this production to Sphere will expand our content slate to a new genre. It also allows us to extend Sphere experience showings later into the evening, increasing the utilization of the venue. Meanwhile, The Wizard of Oz at Sphere has now sold nearly 3.6 million tickets for approximately $450 million in ticket sales. We also remain in discussion with IP holders for other potential Sphere experiences. We will keep you updated on our progress. Turning briefly to MSG Networks. Yesterday, we announced the partnership making DAZN our exclusive direct-to-consumer streaming home. We believe both our subscribers and content will benefit from DAZN's state-of-the-art platform. We have also continued to reduce the amount of debt at MSG Networks, which was down to $116 million at quarter end. As a reminder, That debt is non-recourse to Sphere. So in summary, we are advancing plans across key areas of our business as we make headway towards our long term vision for a global network of Sphere venues. And with that, I'll turn the call over to Robert, who will take you through our financial results.