Sphere Entertainment Co.
SPHR Communication Services Entertainment
Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS fell 125.6%, free cash flow fell 92.9% and total debt fell 12.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Sphere Entertainment Co. (SPHR) EV/Sales
As of 16 October 2026, Sphere Entertainment Co. (SPHR) trades at a EV/Sales of 2.9×. Over the past ten years it has ranged from −24.3× (May 2023) to 29.7× (March 2023); the current reading is higher than 67% of that period. That is above the Entertainment industry median of 1.8× and above the Communication Services sector median of 1.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 3.1× | 54.95% |
| FY2024 | 2.0× | (35.91%) |
| FY2023 | 3.1× | 13.23% |
| FY2022 | 2.7× | 17.32% |
| FY2021 | 2.3× | — |
| FY2020 | −0.5× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2017 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 4.8× | 43.96% |
| Mar 2026 | 3.3× | 7.97% |
| Dec 2025 | 3.1× | 18.20% |
| Sep 2025 | 2.6× | 35.62% |
| 23 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| VSNT Versant Media Group, Inc. compare | 0.9× |
| AMC AMC Entertainment Holdings, Inc. compare | 1.0× |
| CNK Cinemark Holdings Inc compare | 1.8× |
| SPHR Sphere Entertainment Co. | 2.9× |
| MSGE Madison Square Garden Entertainment Corp. compare | 3.7× |
| BATRK Atlanta Braves Holdings, Inc. compare | 4.2× |
| MANU Manchester United Ltd. compare | 4.8× |
| BATRA Atlanta Braves Holdings, Inc. compare | 5.6× |
| IMAX IMAX Corporation compare | 6.4× |
| Entertainment industry median | 1.8× |
| Communication Services sector median | 1.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)