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Sphere Entertainment Co. logo

Sphere Entertainment Co.

SPHR

NYSECommunication ServicesEntertainment

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$158.36

+$2.13 · +1.36%

Aug 21, 4:00 PM ET

SPHR company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

59

Neutral

Sentiment

53

Mixed

Risk resilience

54

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Sphere Entertainment Co. is a prominent player in the entertainment sector, specializing in orchestrating, staging, and hosting a diverse array of live events. This encompasses musical concerts, family-oriented productions, and unique special occasions, alongside a variety of athletic competitions. Its sports programming includes professional boxing, collegiate basketball and hockey, professional bull riding, mixed martial arts, esports tournaments, and wrestling matches. These events are primarily hosted across its esteemed venues such as The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City, as well as The Chicago Theatre. Furthermore, Sphere Entertainment manages a substantial network of 70 entertainment, dining, and nightlife establishments, which are distributed across 20 global markets on five continents under renowned brands like Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia. The company also oversees the creation and operation of a leading music festival in New England. A highlight of its offerings is the iconic Radio City Rockettes, who are central to the celebrated Christmas Spectacular held annually at Radio City Music Hall. Previously known as Madison Square Garden Entertainment Corp., the organization adopted its current name, Sphere Entertainment Co., in April 2023. Established in 2006, the company maintains its headquarters in New York, New York.

Industry
Entertainment
Sector
Communication Services
Headquarters
US
CEO
James Lawrence Dolan
Listed since
Apr 9, 2020
Employees
2,200

Market position

Day range

Current $158.36

52-week range

Current $158.36

Open
$157.49
Previous close
$156.23
Volume
392.65K
0.54× average
Average volume
728.83K
Average daily volume
Market cap
5.7B USD
Beta
1.63
Market reference 1
50-day average
$154.06
+2.79% above average
200-day average
$120.06
+31.91% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.68B USD
P/E (TTM)
-69.15×
P/B (TTM)
2.56×
P/S (TTM)
4.2×
EV / EBITDA
14.39×
Earnings yield
0.54%
Free cash flow yield
3.06%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.23%
Operating margin
-5.65%
Net margin
-5.18%
Return on equity
1.50%
Return on assets
0.75%
Return on invested capital
-2.30%

Financial health

Debt / equity
0.43×
Current ratio
1.07×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends101%47%-7%-61%Gross margin, FY2022: 47.50%Gross margin, FY2023: 40.36%Gross margin, FY2024: 46.65%Gross margin, FY2025: 21.67%Gross margin, FY2026: 51.64%Operating margin, FY2022: -27.17%Operating margin, FY2023: -47.58%Operating margin, FY2024: -33.23%Operating margin, FY2025: -21.72%Operating margin, FY2026: -12.15%Net margin, FY2022: -31.87%Net margin, FY2023: 87.62%Net margin, FY2024: -19.54%Net margin, FY2025: -19.54%Net margin, FY2026: 2.74%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 47.50%. Gross margin FY2023 40.36%. Gross margin FY2024 46.65%. Gross margin FY2025 21.67%. Gross margin FY2026 51.64%. Operating margin FY2022 -27.17%. Operating margin FY2023 -47.58%. Operating margin FY2024 -33.23%. Operating margin FY2025 -21.72%. Operating margin FY2026 -12.15%. Net margin FY2022 -31.87%. Net margin FY2023 87.62%. Net margin FY2024 -19.54%. Net margin FY2025 -19.54%. Net margin FY2026 2.74%.

Income trends

Revenue

1.22B USD+18.81%

Operating income

−148.26M USD+33.51%

Net income

33.41M USD+234.05M USD
Income trends across reported periods1.38B USD751.66M USD127.14M USD−497.37M USDRevenue, FY2022: 610.06M USDRevenue, FY2023: 573.83M USDRevenue, FY2024: 1.03B USDRevenue, FY2025: 1.03B USDRevenue, FY2026: 1.22B USDOperating income, FY2022: −165.74M USDOperating income, FY2023: −273.04M USDOperating income, FY2024: −341.24M USDOperating income, FY2025: −223M USDOperating income, FY2026: −148.26M USDNet income, FY2022: −194.4M USDNet income, FY2023: 502.77M USDNet income, FY2024: −200.65M USDNet income, FY2025: −200.65M USDNet income, FY2026: 33.41M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 610.06M USD. Revenue FY2023 573.83M USD. Revenue FY2024 1.03B USD. Revenue FY2025 1.03B USD. Revenue FY2026 1.22B USD. Operating income FY2022 −165.74M USD. Operating income FY2023 −273.04M USD. Operating income FY2024 −341.24M USD. Operating income FY2025 −223M USD. Operating income FY2026 −148.26M USD. Net income FY2022 −194.4M USD. Net income FY2023 502.77M USD. Net income FY2024 −200.65M USD. Net income FY2025 −200.65M USD. Net income FY2026 33.41M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue1.22B USD1.03B USD1.03B USD573.83M USD610.06M USD
Cost of goods sold589.98M USD804.32M USD547.82M USD342.21M USD320.28M USD
Gross profit630.07M USD222.57M USD479.07M USD231.62M USD289.78M USD
Selling, general, and administrative441.92M USD380.78M USD432.85M USD452.14M USD419.79M USD
Operating expenses778.33M USD445.57M USD820.31M USD504.66M USD455.51M USD
Interest income13.5M USD25.69M USD25.69M USD11.59M USD3.22M USD
Interest expense70.55M USD79.87M USD79.87M USD—20.42M USD
Depreciation and amortization336.41M USD256.49M USD256.49M USD103.38M USD124.63M USD
Operating income−148.26M USD−223M USD−341.24M USD−273.04M USD−165.74M USD
Net income33.41M USD−200.65M USD−200.65M USD502.77M USD−194.4M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+27.89%
11 comparable reports
Latest EPS result
-1.07
Estimate -1.51 · Beat by 29.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.61-0.22-2.04-3.87Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual -3.49, estimate -2.15, surprise -62.33%, Miss. Q2 2025, reported May 8, 2025: actual -2.27, estimate -2.48, surprise +8.47%, Beat. Q3 2025, reported Aug 11, 2025: actual -2.71, estimate -1.57, surprise -72.61%, Miss. Q4 2025, reported Nov 4, 2025: actual -1.37, estimate -1.62, surprise +15.43%, Beat. Q1 2026, reported Feb 12, 2026: actual 1.23, estimate -0.12, surprise +1125.00%, Beat. Q2 2026, reported May 5, 2026: actual 0.01, estimate -0.31, surprise +103.23%, Beat. Q3 2026, reported Jul 30, 2026: actual -1.07, estimate -1.51, surprise +29.14%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate -1.47, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates410.05M355.62M301.18M246.74MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 282.68M USD, estimate 281.09M USD, surprise +0.57%, Beat. Q2 2025, reported May 8, 2025: actual 262.51M USD, estimate 265.87M USD, surprise -1.26%, Miss. Q3 2025, reported Aug 11, 2025: actual 394.28M USD, estimate 375.82M USD, surprise +4.91%, Beat. Q4 2025, reported Nov 4, 2025: actual 386.4M USD, estimate 368.24M USD, surprise +4.93%, Beat. Q1 2026, reported Feb 12, 2026: actual 394.28M USD, estimate 372M USD, surprise +5.99%, Beat. Q2 2026, reported May 5, 2026: actual 386.41M USD, estimate 368.24M USD, surprise +4.94%, Beat. Q3 2026, reported Jul 30, 2026: actual 313.6M USD, estimate 307.43M USD, surprise +2.01%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 284.26M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$186

17.45% upside
Past 12 months12-month forecastHigh $193Average $186Low $170

SPHR news

gurufocus.com

John Rogers Trims Sphere Entertainment Co (SPHR) -- Stock Still 106% Overvalued on GF Value

On June 30, 2026, John Rogers (Trades, Portfolio), through Ariel Investment, LLC, executed a significant reduction in the firm's position in Sphere Entertainmen

Read source
benzinga.com

This Sphere Entertainment Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Read source
seekingalpha.com

Sphere Entertainment: The Venue Is Becoming A Scalable Content Platform

Sphere Entertainment Co. is evolving from a high-cost venue into a scalable, content-driven network with multiple monetization streams. SPHR's operational model, proven by The Wizard of Oz, enables high venue…

Read source
defenseworld.net

California State Teachers Retirement System Acquires 5,785 Shares of Sphere Entertainment Co. $SPHR

California State Teachers Retirement System increased its holdings in shares of Sphere Entertainment Co. (NYSE: SPHR) by 23.6% in the first quarter, according to the company in its most recent Form 13F filing with the…

Read source
gurufocus.com

The Wizard of Oz at Sphere Celebrates One Year of Redefining Immersive Storytelling

Sphere Entertainment Co. (NYSE: [url="]SPHR[/url]) today announced a celebration marking the first anniversary of The Wizard of Oz at Sphere, the groundbreaking

Read source
businesswire.com

The Wizard of Oz at Sphere Celebrates One Year of Redefining Immersive Storytelling

LAS VEGAS--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) today announced a celebration marking the first anniversary of The Wizard of Oz at Sphere, the groundbreaking immersive experience that has welcomed more…

Read source

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ETFs holding SPHR

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
280.99M
Weight
0.25%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
118.84M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
111.41M
Weight
0.14%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
85.76M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
49.51M
Weight
0.11%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
44.41M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
42.72M
Weight
0.51%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.9+0.61%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
40.67M
Weight
0.28%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%

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