Sphere Entertainment/$SPHR
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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: Sphere 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
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 2,200
- Headquarters
- New York, United States
SPHR Metrics
BasicAdvanced
$4.6B
-
-$3.53
1.70
-
Price and volume
Market cap
$4.6B
Beta
1.7
52-week high
$181.63
52-week low
$73.03
Average daily volume
1M
Financial strength
Current ratio
1.173
Quick ratio
1.044
Long term debt to equity
0.419
Total debt to equity
0.455
Interest coverage (TTM)
-2.57%
Profitability
EBITDA (TTM)
250.269
Gross margin (TTM)
54.65%
Net profit margin (TTM)
-9.29%
Operating margin (TTM)
-6.20%
Effective tax rate (TTM)
52.61%
Revenue per employee (TTM)
$620,000
Management effectiveness
Return on assets (TTM)
-1.37%
Return on equity (TTM)
-5.84%
Valuation
Price to revenue (TTM)
3.327
Price to book
2.32
Price to tangible book (TTM)
2.44
Price to free cash flow (TTM)
20.277
Free cash flow yield (TTM)
4.93%
Free cash flow per share (TTM)
6.236
Growth
Revenue change (TTM)
20.68%
Earnings per share change (TTM)
-29.74%
What the Analysts think about SPHR
Analyst ratings (Buy, Hold, Sell) for Sphere Entertainment stock.
Analyst projections of the future price of Sphere Entertainment stock.
Bulls say / Bears say
The Las Vegas Sphere is showing real commercial traction: second-quarter Sphere revenue rose 29% and adjusted operating income rose 60%, while The Wizard of Oz had passed $400 million in ticket sales by mid-June. That gives the company evidence that its immersive shows can attract large audiences and generate meaningful segment income. (Sphere Entertainment Co.)
Sphere Abu Dhabi offers a route to expand the brand beyond Las Vegas, with the local tourism department funding the $1.7 billion construction phase. That leaves Sphere Entertainment able to pursue an international venue without funding the build itself. (Music Business Worldwide)
A strong residency pipeline and new experiences could lift venue use: Metallica sold out 24 planned shows, and The Rocky Horror Picture Show is slated for 2027. The company has also extended its Formula 1 Las Vegas Grand Prix partnership through 2030. (Sphere Entertainment Co., Sphere Entertainment Co.)
MSG Networks is shrinking quickly: second-quarter revenue fell 18%, subscribers dropped about 16.5%, and adjusted operating income fell to $11 million from $36.5 million. Continued subscriber losses could further weaken this legacy business. (Sphere Entertainment Co.)
The company still struggles to convert growth into stronger overall results: second-quarter revenue rose 11%, but the operating loss widened 22% and adjusted operating income fell 17%. Higher operating and administrative costs offset the improvement at Sphere. (Sphere Entertainment Co.)
Sphere’s latest revenue growth leaned heavily on The Wizard of Oz, whose higher per-show revenue drove most of the increase in Sphere Experience sales. Meanwhile, event revenue fell $11.7 million and costs for Sphere Experiences rose $19.7 million, leaving the business exposed if demand for the hit show cools or the event calendar softens. (Sphere Entertainment Co.)
Data summarised monthly by Lightyear AI. Last updated on 20 Oct 2026.
SPHR Financial Performance
Revenues and expenses
SPHR Earnings Performance
Company profitability
Upcoming events
No upcoming events
SPHR News
AllArticlesVideos
Funds containing SPHR
AllUSDEURGBP
Fund name | Fund size | $SPHR weighting |
|---|---|---|
iShares S&P Small Cap 600£ISP6 | $2.5B | 0.19% |
iShares S&P SmallCap 600$IDP6 | $2.5B | 0.19% |
SPDR Russell 2000 US Small Cap€R2US | $5B | 0.12% |
SPDR Russell 2000 US Small Cap£R2SC | $5B | 0.12% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $2.7B | 0.05% |
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.
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