Sphere Entertainment/$SPHR

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About Sphere Entertainment

Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.

Ticker

$SPHR

Primary listing

NYSE

Employees

2,135

SPHR Metrics

BasicAdvanced
$2.3B
-
-$8.25
1.73
-

What the Analysts think about SPHR

Analyst ratings (Buy, Hold, Sell) for Sphere Entertainment stock.

Bulls say / Bears say

Sphere’s Sphere segment delivered $36.0 million of positive adjusted operating income in Q1 2025, marking a strong turnaround and showing the venue’s ability to reach breakeven even amid broader market challenges (Sphere Entertainment Co.).
In Q2 2025, total revenues rose 3% year-over-year to $282.7 million and adjusted operating income surged 140% to $61.5 million, fueled by increased ticket sales and corporate events, reflecting robust demand for the Las Vegas Sphere experience (Sphere Entertainment Co.).
Sphere’s upcoming AI-powered immersive production of “The Wizard of Oz” at the Las Vegas Sphere, in partnership with Warner Bros Discovery and Google DeepMind, positions the company at the cutting edge of experiential entertainment and could justify premium pricing and boost attendance (Reuters).
MSG Networks segment revenue fell 19% year-over-year to $100.8 million in Q1 2025, as an 11.5% subscriber decline highlights ongoing cord-cutting challenges and shows the DTC MSG+ streaming service is struggling to make up for losses in traditional distribution (PR Newswire).
Sphere Entertainment’s MSG Networks subsidiary signaled it may seek bankruptcy protection or face foreclosure if it cannot refinance its $804 million in debt due October 11, revealing a significant capital structure risk that could hinder overall cash flows (Investopedia).
MSG Networks’ forbearance agreement with lenders has been pushed out several times (most recently to April 4, 2025), pointing to continued liquidity strains from its $1.52 billion debt load and ongoing reliance on lender relief to avoid default (Investing.com).
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2025.

SPHR Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

SPHR Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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