Sphere Entertainment Co. announced Tuesday that Gregory Brunner, the company’s Senior Vice President, Controller, and Principal Accounting Officer, has resigned effective October 17, 2025, marking another significant departure from the entertainment giant’s financial leadership team.
The resignation, publicly disclosed on September 22, comes amid a period of executive turnover and financial challenges for the company, particularly following the opening of its Las Vegas venue.
Sphere emphasized in its statement that Brunner’s exit was not related to any disagreements regarding accounting practices, financial reporting, or internal controls.
Brunner’s departure comes with company assurance it’s unrelated to accounting practices or financial reporting concerns.
Robert Langer, the company’s Executive Vice President, CFO, and Treasurer, will step in as interim principal accounting officer until a permanent replacement is named, ensuring continuity in the company’s financial operations during this adjustment period.
This resignation follows closely behind the departure of CFO Gautam Ranj, who left the company after approximately 11 months in the position.
Industry insiders noted that Ranj’s exit reportedly came after tense interactions with CEO James Dolan, though official statements did not elaborate on these circumstances.
The leadership changes coincide with Sphere Entertainment’s recent financial struggles, as the company reported a substantial $98.4 million loss for the quarter ending September 30, 2025, just after the venue’s grand opening on September 29.
Despite these challenging figures, management has publicly committed to building long-term positive momentum for shareholders.
Market reaction to the executive reshuffling has been cautiously negative, with shares dropping 4.18% following the announcement.
However, analysts maintain an overall “Buy” rating for SPHR stock, with a price target of $68, suggesting confidence in the company’s long-term prospects despite its current profitability challenges.
The company’s current market capitalization stands at $2.13 billion despite ongoing concerns about its financial leadership stability.
The company’s financial leadership reorganization comes at a vital time for Sphere Entertainment, as it navigates the operational complexities of its ambitious Las Vegas venue while working to address investor concerns about its path to profitability.
Industry experts suggest that implementing efficient audio production workflows could help Sphere optimize its operational costs while maintaining high-quality content production.
The executive changes come as the company celebrates a milestone with The Wizard of Oz at Sphere surpassing 500,000 ticket sales and generating over $65 million in revenue.
Some industry experts suggest that Sphere Entertainment could strengthen its financial position by pursuing sync deals for its original productions, potentially creating additional revenue streams through licensing its unique visual and audio content.
