Sphere is highest-grossing arena in the world, report says

Sphere has hit its stride.

The venue is now the highest-grossing arena in the world, the Wall Street Journal reported citing data from Pollstar. Last year, Sphere grossed $379 million on 1.7 million tickets sold.

Sphere Entertainment was profitable last year earning a net income of $33.4 million; it had a net loss of $325 million the prior year, WSJ reported.

Sphere has found the winning recipe, securing bands and performers with broad appeal and decades of hits and charging up to $200 for a ticket to see the classic “Wizard of Oz.”

“We’re still scratching the surface,” Josephine Vaccarello, executive vice president of live for Sphere Entertainment and MSG Entertainment, told the WSJ. “Every act that comes in there — and I love this — everyone tries to one-up the last act.”