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Everyone said the Las Vegas Sphere was a disaster. In its first year, it lost nearly $500 million. Financial analysts questioned whether it would survive. YouTube videos declared it was dying. But then something unexpected happened. By the end of 2025, the Sphere ranked #1 on Billboard's list of top-grossing venues worldwide. Not just in Vegas. Not just in America. In the entire world. So what's really going on inside that $2.3 billion glowing ball? This video breaks down the real story the doom-and-gloom content missed: Why the "$500M loss" is more complicated than headlines suggest How "Postcard from Earth" and "Wizard of Oz" cracked the revenue code The Q2 2025 profitability milestone that changed everything Why Wall Street billionaires are now buying in (Steve Cohen, Ken Griffin) The content library strategy that makes global expansion possible Real challenges the Sphere still faces despite its success This isn't another "Sphere is failing" video. This is what the data actually shows. SOURCES & DATA: Sphere Entertainment Co. SEC filings (Q2-Q3 FY2025) Billboard Top Grossing Venues 2025 rankings Las Vegas Convention & Visitors Authority reports Financial data: Bloomberg, CNBC, Yahoo Finance All statistics verified and sourced in video SUBSCRIBE for more deep-dives on business, economics, and supply chain stories the headlines get wrong. #LasVegasSphere #Sphere #BusinessAnalysis #Vegas #Entertainment