Sphere Entertainment Co. (SPHR)
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.
Sector: Services-Amusement & Recreation Services
Industry: Entertainment
Sphere Entertainment Co.
NYSE:SPHRCommunication Services · Entertainment
-2.39%$108.94
AH Close$108.94+0.00%vs close
AH Close$108.94+0.00%vs close
Mkt Cap$3.91B
Float30.9M
O/S35.91M
Inst Own-
SI22.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.22B
Net Income$33.41M
Total Assets$4.43B
Free Cash Flow$191M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$961.46M
Total Equity$2.23B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SPHR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.43B
Liabilities$2.2B
Accounts Receivable$206.93M
Accounts Payable$24.59M
Inventory$14.45M
PP&E (Net)$2.8B
Goodwill$344.77M
Intangible Assets$21.82M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 | 2016-06-30 |
| Revenue | $1.22B | $1.03B | $1.03B | $573.83M | $610.05M | $647.51M | $1.44B | $1.05B | $988.99M | $711.02M | $1.12B |
| YoY Growth | 18.8% | 0.0% | 79.0% | -5.9% | -5.8% | -54.9% | 36.9% | 6.1% | 39.1% | -36.2% | - |
| Cost of Revenue | $589.98M | $804.32M | $547.82M | $342.21M | $320.28M | $262.86M | $790.5M | $670.64M | $635.22M | $517.08M | $737.86M |
| Gross Profit | $630.07M | $222.57M | $479.06M | $231.62M | $289.78M | $384.65M | $645.52M | $378.27M | $353.77M | $193.94M | $377.45M |
| Gross Margin | 51.6% | 21.7% | 46.7% | 40.4% | 47.5% | 59.4% | 45.0% | 36.1% | 35.8% | 27.3% | 33.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $441.92M | $380.78M | $432.85M | $452.14M | $419.79M | $301.89M | $433.21M | $314.52M | $273M | $194.28M | $333.6M |
| Other | $336.41M | $64.79M | $387.45M | $52.52M | $35.72M | $18.25M | -$22.9M | $109.34M | $112.06M | $98.07M | $0 |
| Total Operating Expenses | $778.33M | $445.57M | $820.31M | $504.66M | $455.51M | $320.14M | $410.31M | $423.87M | $385.05M | $292.35M | $459.2M |
| Operating Income (EBIT) | -$148.26M | -$223M | -$341.24M | -$273.04M | -$165.74M | $64.51M | $235.21M | -$45.6M | -$31.28M | -$98.41M | -$58.63M |
| Operating Margin | -12.2% | -21.7% | -33.2% | -47.6% | -27.2% | 10.0% | 16.4% | -4.3% | -3.2% | -13.8% | -5.3% |
| Interest Expense | $70.55M | $79.87M | $79.87M | $0 | $20.42M | $20.22M | $36.56M | $5.59M | $12.15M | $1.93M | $0 |
| Interest Income | $13.5M | $25.69M | $25.69M | $11.59M | $3.22M | $3.17M | $22.23M | $30.16M | $21.35M | $11.76M | $4.75M |
| Other Income (Expense) | $205.48M | -$137.22M | -$18.98M | $548.47M | -$1.94M | -$20.98M | $16.29M | $25.58M | $2.34M | -$22.02M | -$18.36M |
| Income Before Tax (EBT) | $57.22M | -$360.23M | -$360.23M | $275.43M | -$167.68M | $43.53M | $251.5M | -$20.02M | -$28.94M | -$120.42M | -$76.99M |
| Income Tax Expense | $23.81M | -$135.59M | -$135.59M | $103.4M | -$29.83M | $38.91M | $101.69M | $443K | -$30.83M | -$7.81M | $297K |
| Net Income | $33.41M | -$200.65M | -$200.65M | $502.77M | -$194.4M | -$148.15M | $181.73M | -$8.22M | $6.9M | -$108.55M | -$77.29M |
| Net Income Margin | 2.7% | -19.5% | -19.5% | 87.6% | -31.9% | -22.9% | 12.7% | -0.8% | 0.7% | -15.3% | -6.9% |
| Supplementary Data | |||||||||||
| EPS | 0.93 | -5.68 | -5.68 | 14.51 | -5.77 | -0.12 | 0.72 | -0.34 | 0.29 | -4.57 | -3.12 |
| Diluted EPS | 0.74 | -5.68 | -5.68 | 14.40 | -5.77 | -0.13 | 0.72 | -0.34 | 0.29 | -4.57 | -3.12 |
| Weighted Average OS | 36.07M | 35.85M | 35.30M | 34.65M | 34.26M | 24.20M | 24.00M | 23.99M | 23.99M | 23.77M | 24.75M |
| EBITDA | $464.17M | $81.47M | -$23.86M | $378.81M | -$43.05M | $185.75M | $400.13M | $94.91M | $95.27M | -$20.43M | $43.85M |
| EBITDA Margin | 38.0% | 7.9% | -2.3% | 66.0% | -7.1% | 28.7% | 27.9% | 9.0% | 9.6% | -2.9% | 3.9% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 | 2016-06-30 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $521.26M | $559.76M | $559.76M | $131.97M | $747.31M | $1.52B | $906.55M | $1.08B | $1.23B | $1.24B | $1.44B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $337.19M | $108.42M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $521.26M | $559.76M | $559.76M | $131.97M | $747.31M | $1.52B | $1.24B | $1.19B | $1.23B | $1.24B | $1.44B |
| Accounts Receivable | $206.93M | $180.35M | $241.47M | $160.17M | $126.36M | $216.53M | $84.1M | $89.64M | $82.42M | $102.08M | $76M |
| Inventory | $14.45M | $12.58M | $11.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $11.36M | $80.62M | $21.71M | $308.33M | $329.83M | $22.98M | $36.53M | $42.57M | $33.61M | $86.17M | $56.51M |
| Total Current Assets | $792.55M | $865.7M | $865.7M | $623.91M | $1.22B | $1.87B | $1.43B | $1.35B | $1.35B | $1.45B | $1.6B |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $2.8B | $3.13B | $3.26B | $3.39B | $2.22B | $2.44B | $1.88B | $1.35B | $1.23B | $1.16B | $1.16B |
| Goodwill | $344.77M | $410.17M | $470.15M | $456.81M | $456.81M | $502.19M | $74.31M | $165.56M | $165.56M | $380.09M | $277.17M |
| Intangible Assets | $21.82M | $28.38M | $31.94M | $17.91M | $21.02M | $262.07M | $214.23M | $279.81M | $297.95M | $423.82M | $182.58M |
| Long-Term Investments | $38.73M | $36.82M | $30.73M | $395.61M | $40.3M | $49.22M | $52.62M | $84.56M | $209.95M | $242.29M | $263.55M |
| Deferred Tax Assets | $221.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $210.03M | $317.18M | $124.49M | $86.71M | $1.56B | $166.78M | $85.1M | $89.96M | $35.96M | $57.55M | $56.2M |
| Total Long-Term Assets | $3.64B | $3.92B | $3.92B | $4.35B | $4.3B | $3.42B | $2.31B | $1.97B | $1.93B | $2.26B | $1.94B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.43B | $4.79B | $4.79B | $4.97B | $5.52B | $5.29B | $3.73B | $3.32B | $3.29B | $3.71B | $3.54B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $24.59M | $14.78M | $18.88M | $39.65M | $2.01M | $26.64M | $17.26M | $23.97M | $28.29M | $24.08M | $13.94M |
| Short-Term Debt | $80.19M | $849.44M | $849.44M | $82.5M | $66M | $53.97M | $5.43M | $6.04M | $4.37M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $11.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $192.81M | $80.4M | $80.4M | $27.34M | $4.32M | $209.65M | $189.31M | $186.88M | $216.34M | $0 | $0 |
| Other Current Liabilities | $382.24M | $264.7M | $0 | $0 | $607.56M | $0 | $68.84M | $82.41M | $70.22M | $407.76M | $347.69M |
| Total Current Liabilities | $743.37M | $1.37B | $1.37B | $692.14M | $961.1M | $729.87M | $509.97M | $474.05M | $483.86M | $762.04M | $614.82M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $767.44M | $522.74M | $522.74M | $1.12B | $929.53M | $1.65B | $28.13M | $48.56M | $101.33M | $105.43M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $393.24M | $225.17M | $225.17M | $379.55M | $144.39M | $200.32M | $12.45M | $22.97M | $23.34M | $0 | $0 |
| Other Long-Term Liabilities | $179.92M | $122.74M | $122.74M | $88.81M | $1.24B | $157.26M | $120M | $116.72M | $112.93M | $344.79M | $0 |
| Total Long-Term Liabilities | $1.45B | $998.66M | $998.66M | $1.7B | $2.4B | $2.24B | $334.8M | $188.25M | $237.61M | $450.22M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.2B | $2.37B | $2.37B | $2.39B | $3.36B | $2.97B | $844.77M | $662.29M | $721.47M | $1.21B | $614.82M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $366K | $354K | $354K | $347K | $342K | $340K | $240K | $2.62B | $2.53B | $249K | $249K |
| Retained Earnings | -$186.44M | $11.39M | $11.39M | $212.04M | -$290.74M | -$96.34M | $142.3M | $0 | -$46.92M | -$148.41M | -$75.69M |
| Comprehensive Income & Other | -$782K | -$6.57M | -$6.57M | -$4.94M | -$48.35M | -$30.27M | -$51.86M | -$46.92M | -$46.92M | -$34.12M | -$42.61M |
| Other Stockholders' Equity | $2.42B | $2.4B | $2.4B | $2.37B | $2.25B | $2.26B | $2.71B | -$46.92M | $0 | $2.56B | $2.66B |
| Total Equity | $2.23B | $2.42B | $2.42B | $2.58B | $1.96B | $2.17B | $2.86B | $2.57B | $2.48B | $2.41B | $2.59B |
| Minority Interest | $0 | $0 | $0 | $0 | $196.35M | $149.74M | $32.8M | $81.42M | $88.19M | $92.33M | $0 |
| Total Liabilities and Equity | $4.43B | $4.79B | $4.79B | $4.97B | $5.33B | $5.14B | $3.7B | $3.23B | $3.2B | $3.62B | $3.2B |
| Supplementary Data | |||||||||||
| Total Debt | $961.46M | $1.52B | $1.52B | $1.32B | $1.09B | $2.01B | $261.16M | $54.6M | $105.7M | $105.43M | $0 |
| Net Debt | $440.19M | $958.99M | $958.99M | $1.19B | $339.19M | $494.59M | -$645.39M | -$1.03B | -$1.12B | -$1.13B | -$1.44B |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 | 2016-06-30 |
| Operating Activities | |||||||||||
| Net Income | $33.41M | -$462.47M | -$200.65M | $505.68M | -$190.15M | -$166.52M | $149.81M | -$20.46M | $1.89M | -$112.61M | -$77.29M |
| Depreciation & Amortization | $336.41M | $361.83M | $256.49M | $103.38M | $124.63M | $122M | $112.06M | $109.34M | $112.06M | $98.07M | $102.48M |
| Deferred Income Tax | $20.92M | $0 | -$132.54M | $123.47M | -$31.27M | -$71.36M | $8.7M | -$371K | -$31.27M | -$7.81M | $0 |
| Stock-Based Compensation | $59.01M | $68.19M | $48.01M | $62.66M | $77.14M | $70.58M | $61.42M | $35.4M | $27.29M | $22.18M | $24.48M |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$17.13M | -$115.1M | -$115.1M | $7.1M | -$30.75M | -$10.04M | -$251K | $4.04M | -$1.92M | -$13.32M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$9.01M | -$28.06M | -$28.06M | $117.28M | $78.44M | -$5.27M | -$6.23M | -$4.31M | $5.31M | $2.02M | $0 |
| Other Working Capital | $68.38M | -$16.36M | -$16.36M | $3.03M | $15.48M | $18.33M | -$5.91M | -$22.82M | $24.65M | $35.92M | $0 |
| Total Working Capital Change | $42.24M | -$159.51M | -$159.51M | $127.41M | $63.17M | $3.02M | -$12.39M | -$23.09M | $28.04M | $24.61M | $0 |
| Other Non-Cash Items | -$248.64M | $172.3M | $168.54M | -$769M | $97.82M | -$16.42M | -$11.48M | $579K | $6.38M | $71.88M | $76.12M |
| Net Cash from Operating | $243.35M | -$19.66M | -$19.66M | $153.59M | $141.34M | -$58.69M | $308.12M | $101.4M | $144.38M | $96.31M | $125.78M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$52.35M | -$97.88M | -$289.75M | -$1.18B | -$805.22M | -$456.01M | -$457.3M | -$193.68M | -$187.36M | -$41.83M | $0 |
| Acquisitions | $48.76M | -$2.52M | $246.35M | $516.73M | $1.06M | $197K | $227.47M | $73.04M | -$17.36M | -$199.48M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$443.15M | -$112.69M | $0 | -$23.22M | $0 |
| Sales of Investments | $0 | $0 | $0 | $4.37M | $0 | $361.19M | $215.86M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$311K | $55.22M | -$1.78M | $0 | $0 | -$28.56M | $62.59M | -$4.41M | $35.1M | $4.47M | -$115.69M |
| Net Cash from Investing | -$3.9M | -$45.18M | -$45.18M | -$653.92M | -$804.16M | -$123.18M | -$394.53M | -$237.74M | -$169.62M | -$260.06M | -$115.69M |
| Financing Activities | |||||||||||
| Debt Repaid | $165.27M | -$232.79M | -$232.79M | -$227.79M | -$24.1M | -$583.75M | -$58.75M | $69.86M | $688K | - | - |
| Common Stock Issuance | $6.49M | $0 | $8.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$50.02M | -$34.6M | $0 | $0 | $0 | $0 | -$293.53M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$121.51M | -$2.26M | -$1.77M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$24.54M | $11.55M | -$31.88M | -$20.74M | -$52.24M | -$4.29M | $135.91M | $46.24M | $16.04M | -$38.63M | $1.42B |
| Net Cash from Financing | -$233.34M | $209.73M | $209.73M | $85.54M | -$30.39M | $592.68M | -$113.87M | -$8.62M | $15.36M | -$38.63M | $1.42B |
| Forex Effect | -$469K | -$771K | -$771K | -$2.11M | -$750K | $8.03M | $2.93M | $4.67M | $331K | $0 | $0 |
| Net Change in Cash | $5.63M | $144.12M | $144.12M | -$416.9M | -$693.97M | $418.83M | -$197.35M | -$140.29M | -$9.55M | -$202.37M | $1.43B |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $243.35M | -$19.66M | -$19.66M | $153.59M | $141.34M | -$58.69M | $308.12M | $101.4M | $144.38M | $96.31M | $125.78M |
| Capital Expenditure | -$52.35M | -$289.75M | -$289.75M | -$1.18B | -$805.22M | -$456.01M | -$457.3M | -$193.68M | -$187.36M | -$41.83M | $0 |
| Free Cash Flow | $191M | -$309.41M | -$309.41M | -$1.02B | -$663.88M | -$514.7M | -$149.18M | -$92.28M | -$42.98M | $54.48M | $125.78M |
| Cash at Beginning | $515.63M | $429.11M | $429.11M | $846.01M | $1.54B | $1.12B | $1.32B | $1.23B | $1.24B | $1.44B | $14.21M |
| Cash at End | $521.26M | $573.23M | $573.23M | $429.11M | $846.01M | $1.54B | $1.12B | $1.09B | $1.23B | $1.24B | $1.44B |