Accessibility Menu
Sphere Entertainment logo

Sphere Entertainment(NYSE) SPHR

Market Cap$5.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)+251%
5 Year+281%
1 Year+233%
1 Month-15%
$143.50
-3.25%
-4.82Today
After hours$143.34-$0.16 (-0.11%)
Sphere Entertainment last closing stock price
MetricPriceDate
Last closeUSD 143.252026-07-31
Sphere Entertainment stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+5.13%USD 136.262026-07-24
1 month-15.3%USD 169.122026-07-01
3 month-1.02%USD 144.732026-05-01
Year to date+50.66%USD 95.082025-12-31
1 year+232.75%USD 43.052025-07-31
3 year+247.44%USD 41.232023-08-01
5 year+280.84%USD 37.612021-07-30
Since inception+250.55%USD 40.862020-04-09

Sphere Entertainment Financials at a Glance

Market Cap

$5.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.22B

Net Income (TTM)

-$70.32M

EPS (TTM)

-$2.53

P/E Ratio

-56.59

Dividend

$0.00

Beta (Volatility)

1.32 (Average)

Price

$143.50

Volume

32

Open

$149.66

Previous Close

$143.25

Daily Range

$141.59 - $150.69

52-Week Range

$37.89 - $174.60

Estimated Earnings Date

Nov 3, 2026

SPHR: Motley Fool Moneyball Superscore

66

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Sphere Entertainment

Sphere creates high-tech shows and live concerts for large audiences. The company also runs sports networks for New York area fans. It produces immersive digital content for its first venue in Vegas.

Beyond the Big Screen

  • Sphere Venue: Operates a venue in Las Vegas with an exterior LED screen; generated $266 million in quarterly revenue.
  • MSG Networks: Provides regional sports networks and streaming for professional teams; accounted for $120.4 million in quarterly revenue.
  • Sphere Studios: Develops multi-sensory content for the venues using a specialized high-dome production facility in Burbank.
  • Consumer Streaming: Delivers live sports through a direct-to-consumer product called MSG+ for fans without cable television.

Where Is Sphere Going?

  • Announced plans in January 2026 to develop a new venue in Maryland with the Peterson Companies.
  • Collaborated with the Department of Culture and Tourism - Abu Dhabi to bring the venue brand to the Middle East.
  • Refinanced existing debt in 2026 by securing a new $275 million loan facility from JPMorgan Chase Bank.
  • Opened its first venue on September 29, 2023, featuring the world's largest exterior LED screen.

Tech Meets the Stage

The company uses a massive interior 16K screen and proprietary audio systems to create fully immersive environments. Its in-house studio handles all digital production, allowing for seamless integration of 4D environmental effects and haptic seating.

Performance by the Numbers

  • Revenue reached $386.4 million for the quarter ended March 31, 2026, up 37.7% year-over-year.
  • Operating income was $7.2 million for the quarter ended March 31, 2026, improved from a $78.6 million loss.
  • Net income hit $4.46 million for the quarter ended March 31, 2026, improved from an $81.95 million loss.
  • Free cash flow was $131.4 million for the quarter ended March 31, 2026, up from a loss the prior year.

The Final Word

Sphere has evolved from a traditional arena operator into a specialized technology and media company. This transition combines consistent regional sports media income with a high-growth model for immersive global entertainment.

AI Generated • May 21, 2026

Industry

Entertainment

Employees

1,100

CEO

James Lawrence Dolan

Headquarters

New York City, NY 10121, US

SPHR Financials

Key Financial Metrics (TTM)

Gross Margin

51.64%

Operating Margin

-12.15%

Net Income Margin

-5.76%

Return on Equity

-3.17%

Return on Capital

-4.64%

Return on Assets

-1.59%

Earnings Yield

-1.77%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$5.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

35.79M

Volume

32

Avg. Volume

738.40K

Financials (TTM)

Gross Profit

$630.07M

Operating Income

-$148.26M

EBITDA

$464.17M

Operating Cash Flow

$398.64M

Capital Expenditure

-$39.57M

Free Cash Flow

$359.07M

Cash & ST Invst.

$521.26M

Total Debt

$961.46M

Sphere Entertainment Performance Analysis

Sphere Entertainment annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-06-30USD 610,055,000N/A
20232023-06-30USD 573,831,000-5.9%
20242024-06-30USD 1,026,889,00079.0%
20252025-12-31USD 1,220,045,00018.8%
Sphere Entertainment sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-09-30-7.1%
Q22025-12-3150.2%
Q32026-03-31-2.0%
Q42026-06-30-54.2%
Sphere Entertainment annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-06-30USD -5.67N/A
20232023-06-30USD 14.39N/A
20242024-06-30USD -5.68N/A
20252025-12-31USD 0.74N/A
Sphere Entertainment sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-09-30-182.6%
Q22025-12-31149.3%
Q32026-03-31-103.2%
Q42026-06-30-2309.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$176.84M

-37.4%

Gross Profit

$141.21M

-6.7%

Gross Margin

79.85%

N/A

Market Cap

$5.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$4.66M

N/A

Employees

1,100

N/A

Net Income

-$38.33M

-125.2%

EBITDA

$299.66M

-21.9%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$521.26M

+46.6%

Total Debt

$961.46M

-5.6%

Accounts Receivable

$206.93M

+19.7%

Inventory

$14.45M

+12.7%

Long Term Debt

$881.26M

-6.5%

Short Term Debt

$80.20M

+5.2%

Return on Assets

-1.59%

N/A

Return on Invested Capital

-4.02%

N/A

Free Cash Flow

-$48.13M

+34.7%

Operating Cash Flow

-$33.66M

+43.0%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
LIONLionsgate Studios Corp.
$13.28-0.75%
MSGEMadison Square Garden Entertainment Corp.
$77.26-2.03%
BATRAAtlanta Braves Holdings, Inc.
$54.41+0.09%
IACIAC InterActive Corp.
$41.57+0.29%

Trending Stocks

Symbol / CompanyPricePrice Chg
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x Shares
$7.31+0.01%
SQQQProShares Trust - ProShares UltraPro Short Qqq
$43.73-0.02%
TQQQProShares Trust - ProShares UltraPro Qqq
$64.62+0.02%
MUUDirexion Shares ETF Trust - Direxion Daily Mu Bull 2x Shares
$23.67-0.12%

Questions About SPHR

What is the current price of Sphere Entertainment?

Sphere Entertainment is trading at $143.25 per share.

What is the 52-week range for Sphere Entertainment?

Over the past 52 weeks, Sphere Entertainment has traded between $37.89 and $174.60.

How much debt does Sphere Entertainment have?

As of the most recent reporting period, Sphere Entertainment reported total debt of $913.31M.

How much cash does Sphere Entertainment have on hand?

Sphere Entertainment reported $552.02M in cash and cash equivalents in its most recent financial results.

What is Sphere Entertainment’s dividend yield?

Sphere Entertainment does not currently have a dividend yield.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.