stockrowSphere 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.
- Revenue
- +11.0%
- EPS
- −125.6%
- Free cash flow
- −92.9%
- Total debt
- −12.3%
Quarter to June 2026, against a year earlier
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Sphere Entertainment Co. (SPHR) Gross margin
Sphere Entertainment Co.'s gross margin over the twelve months to 30 June 2026 was 54.2%, up 2.6 percentage points from fiscal 2025 (51.6%). Over the past ten years it has ranged from 14.5% (fiscal 2017) to 59.4% (fiscal 2021); the current reading is higher than 90% of that period. That is above the Entertainment industry median of 45.1% and in line with the Communication Services sector median of 53.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 51.6% | 4.99 |
| FY2024 | 46.7% | 6.29 |
| FY2023 | 40.4% | (7.14) |
| FY2022 | 47.5% | (11.90) |
| FY2021 | 59.4% | 14.45 |
| FY2020 | 45.0% | 8.89 |
| FY2019 | 36.1% | 0.29 |
| FY2018 | 35.8% | 0.00 |
| FY2017 | 35.8% | 21.28 |
| FY2017 | 14.5% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 51.8% | (4.26) |
| Mar 2026 | 56.1% | (2.47) |
| Dec 2025 | 58.6% | 10.75 |
| Sep 2025 | 47.8% | (5.72) |
| 23 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| LION Lionsgate Studios Corp. compare | 100.0% |
| MANU Manchester United Ltd. compare | 100.0% |
| AMC AMC Entertainment Holdings, Inc. compare | 67.1% |
| VSNT Versant Media Group, Inc. compare | 56.8% |
| SPHR Sphere Entertainment Co. | 54.2% |
| MSGE Madison Square Garden Entertainment Corp. compare | 45.1% |
| CNK Cinemark Holdings Inc compare | 39.5% |
| BATRA Atlanta Braves Holdings, Inc. compare | 24.9% |
| BATRK Atlanta Braves Holdings, Inc. compare | 13.3% |
| Entertainment industry median | 45.1% |
| Communication Services sector median | 53.5% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SPHR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- The full statement