Shares in Sphere venue jump after U2 launch in Las Vegas

U2 performing live at the Sphere in Las Vegas. The opening of the venue has drawn attention to the Las Vegas Strip at a time casinos and hotels are seeing consumers spend less. Picture: Rich Fury

Shares in Sphere Entertainment jumped yesterday after the live-entertainment company’s Las Vegas venue opened on Friday with a show from rock band U2.

The stock surged as much as 13% to $42 today, the largest intraday leap in almost six weeks. Sphere’s shares have nearly doubled in 2023.