Sphere Entertainment Co. SPHR

141.13 2.69 1.94% as of 25 Sep
Market cap
$5.0B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 25.23%

Capital & Financial Ratios

Market Cap 4,970.00
Revenue 1,356.85
Net Income (70.32)
Free Cash Flow 359.07
Net Debt 232.62
Current Ratio 1.22
Debt/Equity 0.35
P/E ratio 0.00
P/S ratio 3.76
P/B ratio 2.29
Past 5Y EPS Growth (50.11%)
This Y EPS Growth (417.97%)
Next Y EPS Growth 10.85%
Next 5Y EPS Growth (1.47%)
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2019 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 429 573 521 552
Receivables 139 238 196 165
Inventory — — — —
Other 28 — — —
624 866 810 784
2023 2024 2025 Q'26
Payables 516 417 25 14
ST’ Debt 139 858 77 62
Other 548 — — —
692 1,374 743 640
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (3.21%) 25.99%
Cash Flow 9.71% (4.61%) 19.85%
Earnings 17.09% (28.74%) 0.00%
Book Value 0.00% 0.48% (4.74%)

Revenue

Sep Dec Mar Jun Year
’26 — — 386 314 —
’25 228 394 281 283 1,220
’24 118 314 321 273 1,027
’23 123 160 162 129 574
’22 295 516 353 (553) 610
’21 171 169 214 94 648
’20 178 394 182 9 1,436
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Sep Dec Mar Jun Year
’26 — — 136 (34) —
’25 34 180 6 (59) 243
’24 (95) 46 101 (72) (20)
’23 (81) 136 138 16 154
’22 7 126 106 35 141
’21 (191) (7) (114) 55 (59)
’20 — — 134 (38) 308
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Sep Dec Mar Jun Year
’26 — — 131 (48) —
’25 16 165 (11) (25) 240
’24 (285) (19) 82 (87) (309)
’23 (372) (155) (686) (17) (703)
’22 (140) (61) (442) (221) (664)
’21 147 (123) (460) (90) (550)
’20 — — (192) (164) (149)
in millions of $ · fiscal quarters ending in the months shown

EPS

Sep Dec Mar Jun Year
’26 — — (0.04) (1.07) —
’25 (2.95) 1.23 (2.27) 3.39 0.74
’24 1.89 (4.91) (1.33) (1.31) (5.68)
’23 (1.30) 1.95 (1.64) 15.24 14.48
’22 (2.55) 0.07 (0.51) (3.00) (5.55)
’21 (1.18) (1.77) (3.66) (4.87) (4.89)
’20 (2.36) 3.39 (5.36) 5.26 4.29
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 27.10 27.83 18.00 19.91 29.70 23.89

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 49.25 56.08 39.06 43.93 51.83 97.20
High Price
— — — 11,300 7,600 5,800 10,900 1,100 3,100 3,300
Employees
— 0 0 0 0 0 0 1 0 0
Revenue/Emp
— 989 989 1,049 1,436 648 610 574 1,027 1,220
Revenue
— 35.77% 35.77% 36.06% 44.95% 59.40% 47.50% 40.36% 46.65% 51.64%
Gross Margin
— (29) (424) (410) 252 44 (168) 275 (360) 57
EBT
— (2.93%) 0.00% 0.00% 17.51% 6.72% (27.49%) 48.00% (35.08%) 4.69%
EBT Margin
— 0 0 0 150 (167) (190) 506 0 33
Net Income
— 98 112 54 115 128 133 108 280 374
Depreciation
— 0.00 41.22 43.72 41.19 19.00 17.81 16.56 29.09 33.83
Revenue/Sh
— (4.52) 0.08 (0.85) 4.30 (4.89) (5.55) 14.59 (5.68) 0.93
Earnings/Sh
— 4.01 0.00 0.00 8.84 (1.72) 4.13 4.43 (0.56) 6.75
Cash Flow/Sh
— 0.00 0.00 0.00 (13.12) (14.41) (23.51) (24.73) (8.21) (0.10)
Capex/Sh
— 4.01 0.00 0.00 (4.28) (16.13) (19.38) (20.30) (8.76) 6.65
Free CF/Sh
— 0.00 0.00 0.00 82.27 63.98 57.67 74.57 0.00 61.92
Book Value/Sh
— 24 24 24 35 34 34 35 35 36
Shares
— 0.00 0.00 0.00 36.76 0.00 0.00 1.90 0.00 130.25
PE Ratio
— 0.00 0.00 0.00 1.09 2.04 1.36 1.65 1.20 2.81
PS Ratio
— 0.35 0.35 0.35 0.29 0.61 0.42 0.37 0.51 1.54
PB Ratio
— 0.00 0.00 0.00 (0.49) 2.33 2.74 3.10 1.99 3.08
EV/Sales
— 0.31 0.31 0.31 1.02 (2.87) (1.93) (1.45) (6.59) 15.65
EV/FCF
— 96 142 78 308 (59) 141 154 (20) 243
Op' Cash Flow
— (42) (187) (208) (457) (491) (805) (857) (290) (4)
Capex
— 96 (45) (130) (149) (550) (664) (703) (309) 240
FCF
— — 873 80 917 1,143 258 (68) (611) 67
Working Cap'
— — 49 74 52 1,728 996 1,257 1,363 845
Total Debt
— — (1,152) (1,127) (1,210) 188 235 828 847 323
Net Debt
— — 2,586 142 2,868 2,180 1,975 2,584 2,201 2,233
Sh' Equity
— 0.00% (0.50%) 10.70% 9.53% (3.28%) (3.60%) 9.58% 0.00% 0.77%
ROA
— 0.00% (18.47%) (180.22%) 8.86% 1.70% (4.69%) (5.00%) 0.00% (5.61%)
ROIC
— 0.00% 0.00% 13.32% 12.07% (5.87%) (9.36%) 22.06% 0.00% 1.51%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Sphere Entertainment Co. (SPHR) key facts

  • Sphere Entertainment Co. (SPHR) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024.
  • As of September 25, 2026, SPHR traded at $141.13, a market capitalization of $5.0 billion.
  • Return on equity was 1.51% and debt-to-equity 0.35.

Source: company filings (standardised) and stockrow calculations.

Sphere Entertainment Co. (SPHR) Latest News

News by impact score

Fine-tune

25 Sep

3

Sphere Entertainment Co. announced enhanced and expanded 4D effects for The Wizard of Oz at Sphere, including animatronic Winged Monkeys, themed scents, scented apples, pyrotechnics, and a 'Glinda Glitter.' The upgrade follows the show's Las Vegas debut on August 28, 2025 and coincides with more than $500 million in ticket sales and over 4 million tickets sold. Tickets remain on sale through early 2027 at thesphere.com. The release underscores Sphere’s immersive entertainment strategy, with additional Sphere venues previously announced in Abu Dhabi and National Harbor and the company’s network assets via MSG Networks. Enhanced 4D effects and a major ticket-sales milestone could moderately bolster demand and investor sentiment, though no earnings data or broader strategic shifts are disclosed.

23 Sep

4

Sphere Entertainment Co. (NYSE: SPHR) and Disguise sign a multi-year technology partnership to develop video playback and immersive-media capabilities for Sphere's venues. Disguise has supplied media servers and software for the Las Vegas Sphere since its 2023 opening, supporting live residencies and corporate events. The expanded deal will advance next-generation Disguise technology for Sphere’s existing venues and future projects, with Sphere becoming the first partner to bring Disguise’s new technology to market. The arrangement aims to support future iterations of immersive productions and Sphere’s plan to roll out more venues worldwide, including Abu Dhabi and National Harbor, where the partnership will underpin technology development for expansion. Advances in immersive tech and expansion plans could materially affect Sphere's future capabilities and international growth.

4

Sphere Entertainment Co. (NYSE: SPHR) and Disguise announced a multi-year partnership to co-develop next-generation technologies for Sphere's immersive venue. Disguise has supported Sphere since 2023, providing media servers and software to process, synchronize and playback content in real time for live residencies and events. The expanded collaboration will accelerate video playback capabilities and support Sphere's global growth, with Sphere becoming the first partner to bring Disguise's next-gen technology to market. The move reinforces Sphere's leadership in immersive entertainment and underpins plans for new venues in Abu Dhabi and National Harbor, alongside its MSG Networks business. Expands technical moat and scalability for global expansion through next-gen Disguise technology.

22 Sep

3

Sphere Entertainment delivered the standout Q2 in the leisure-facilities subgroup, reporting revenue of $313.6 million, up 11% year over year and beating consensus on revenue by 1.8% as well as on EPS estimates and adjusted operating income. The Las Vegas Sphere venue was the driving force behind the beat, and SPHR shares rose about 1.8% to roughly $142.70 after the print. Across nine tracked consumer discretionary leisure names, the group posted a 1.4% revenue beat on average but issued next-quarter revenue guidance about 0.8% below estimates. Sphere was cited as the best performer; Live Nation posted $7.67 billion in revenue (up 9.4%) but its stock fell about 7.4% since results. Xponential Fitness posted weaker results (revenue down 13.4%), with weak full-year guidance, while Dave & Buster’s and Callaway Golf delivered mixed results. Near-term sentiment improves on a revenue and EPS beat, but softer next-quarter guidance caps upside.

2 Sep

4

Sphere Entertainment Co. (SPHR) pursues innovative approaches to transform entertainment offerings and strengthen market position. Innovative approaches indicate major strategic moves likely to significantly alter SPHR's trajectory and investor sentiment.

31 Aug

3

Sphere Entertainment Co. introduces new and expanded 4D effects to The Wizard of Oz at Sphere. Expanded 4D effects may increase attendance and revenue at the Sphere venue.

12 Aug

4

Sphere Entertainment stock surges after reporting blowout earnings fueled by rising concert volumes. Blowout earnings and spiking concert volumes indicate strong revenue growth and positive market momentum for the company.

6 Aug

3

Sphere Entertainment Co.'s The Wizard of Oz at Sphere marks its one-year anniversary, advancing immersive storytelling at the Las Vegas venue. Anniversary of flagship attraction signals sustained engagement that moderately supports venue revenue and brand visibility.

31 Jul

3 transcript

Sphere Entertainment Co. (SPHR) Q2 earnings call highlighted financial results, operational updates and outlook for the company. Q2 earnings call provides financial and operational updates that may moderately influence near-term investor sentiment and stock performance.

3

Live Nation reaches a 2026 inflection point that tests demand against execution, with implications for venue operators including Sphere Entertainment. Live Nation execution at the 2026 point directly shapes concert volume and revenue at Sphere venues.

30 Jul

4

Sphere Entertainment Co (SPHR) reported strong Sphere revenue growth during its Q2 2026 earnings call. Strong Sphere revenue growth indicates major positive shift in financial performance and market positioning.

4

Sphere Entertainment Co. reported financial results for its second quarter ended 2026. Quarterly earnings results provide key financial metrics that directly influence investor sentiment and stock valuation.

3

Sphere Entertainment (SPHR) stock could be 16% undervalued after its earnings report. Post-earnings valuation suggests possible 16% undervaluation that may sway SPHR investor sentiment.

3

Sphere Entertainment Co. reported Q2 CY2026 sales above estimates, triggering a sharp rise in its stock price. Q2 sales beat and ensuing stock surge point to moderately noticeable short-term effects on performance and sentiment.

3

Sphere Entertainment Co. reported a Q2 loss while beating revenue estimates. Quarterly earnings updates with mixed loss and beat results typically drive moderate short-term stock moves without major strategic shifts.

3

Sphere Entertainment Co. (SPHR) Q2 earnings results are compared to estimates with analysis of key metrics. Q2 earnings metrics comparison can moderately influence SPHR financial performance outlook and investor sentiment.

3

Sphere Entertainment Co. stock rises after reporting Q2 revenue above expectations. Q2 revenue beat produces short-term stock gain without evidence of major strategic or competitive shifts.

29 Jul

4

DAZN will serve as the exclusive direct-to-consumer streaming home for the YES Network and MSG Networks. Major distribution deal expands MSG Networks reach via DAZN streaming platform.

28 Jul

4

Sphere Entertainment Co. reports strong performance driven by immersive experiences at its Sphere venue. Immersive Sphere venue experiences directly enhance operational results and market positioning for Sphere Entertainment.

26 Jun

3

Sphere Entertainment reported Q1 earnings and was compared against peer leisure facilities stocks in the consumer discretionary sector. Q1 earnings release and peer comparison can moderately shift near-term investor views on SPHR financial standing.

18 Jun

4

New York Knicks championship ends Dolan discount on Sphere Entertainment Co. (SPHR) stock valuation and future performance. Knicks title removes long-standing valuation discount and lifts SPHR market trajectory.

16 Jun

4

Sphere Entertainment Co.'s The Wizard of Oz at Sphere has surpassed $400 million in ticket sales from over 3 million tickets sold. Strong ticket sales exceeding $400 million demonstrate sustained revenue generation and positive market reception for Sphere's core venue operations.

25 May

4

Sphere Entertainment (SPHR) investment narrative shifts with new targets and projects. New targets and projects represent major strategic moves likely to alter company trajectory and investor sentiment.

14 May

4

Yas Island will host Sphere Abu Dhabi, a new Sphere Entertainment Co. (SPHR) venue designed as a global icon for immersive entertainment. Sphere Abu Dhabi launch signifies major international expansion enhancing SPHR's global footprint and long-term growth prospects.

11 May

4

Sphere Entertainment Co. (SPHR) reports Q1 revenue jump and receives analyst target upgrades, prompting a valuation check. Q1 revenue surge and analyst target hikes signal improved financial health and heightened investor optimism, significantly influencing stock performance.

10 May

4

Sphere Entertainment Co. (SPHR) reports its first profitable quarter alongside plans for venue expansion, potentially shifting the investment case for the stock. First profitable quarter combined with venue expansion signals major financial milestone and growth strategy likely to boost investor sentiment and trajectory.

5 May

4

Sphere Entertainment Co. (SPHR) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial performance and boosts investor sentiment.

4

Sphere Entertainment Co. (SPHR) delivered a showstopping Q1 performance. Outstanding Q1 results indicate strong financial health, likely driving significant positive shifts in stock price and investor sentiment.

4

Sphere Entertainment (NYSE:SPHR) reported strong Q1 CY2026 earnings, surpassing expectations and driving a sharp stock price increase. Strong Q1 earnings surprise enhances financial performance outlook and boosts investor sentiment significantly.

3

Sphere Entertainment Co. (SPHR) reported first quarter 2026 results. Quarterly financial results disclosure provides key insights into performance, influencing investor sentiment and short-term trajectory.

stockrow.com/SPHR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com