Sphere Entertainment Co. SPHR R2K
Communication Services · Entertainment · United States
Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.
READ MORE ›$138.48
+267.32% 1Y
Market & Price
Market Cap
$4.96B
Current Price
$138.48
High / Low (52W)
$144.73 / $37.00
Beta
1.68
Valuation
Stock P/E
46.78
Industry PE
23.46
Forward P/E
-
PEG Ratio
-
Book Value
$62.91
Price to Book
2.20
P/S
3.74
EV/EBITDA
19.55
Dividend Yield
-
Profitability & Returns
ROCE
3.69%
ROE
5.46%
ROA
-0.97%
Profit Margin
8.58%
Op Margin
2.67%
EPS (Latest Qtr)
$-0.04
EPS (TTM)
$2.96
Balance Sheet & Liquidity
Debt/Equity
0.42
Quick Ratio
1.12
Current Ratio
1.22
Debt
$938.37M
Total Assets
$4.21B
Current Assets
$810.17M
Working Capital
$66.80M
Ownership
Promoter Holding
6.69%
Chg in Prom Hold
-
FII / Inst Holding
129.55%
Chg in FII Hold
0.01%
Financial Snapshot
Enterprise Value
$5.27B
Total Revenue (TTM)
$1.33B
EBITDA
$269.36M
Free Cash Flow
$420.42M
Operating Cash Flow
$373.24M
Shares Outstanding
28.93M
Gross Margin
55.14%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
25.99%
Profit 5Y
39.06%
Revenue (YoY)
37.70%
Earnings (YoY)
-
PROS
- Compounding revenue at 26.0% over 5 years.
- Profit CAGR of 39.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SPHR Sphere Entertainment Co. R2K | 138.48 | 46.78 | $4.96B | - | 3.69% | 5.46% | 25.99% | 39.06% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 380.34 | 28.99 | $4.61T | 0.23% | 32.40% | 38.88% | 12.51% | 30.14% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 632.51 | 22.99 | $1.61T | 0.33% | 26.87% | 32.93% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 86.02 | 27.75 | $362.21B | - | 30.26% | 48.49% | 12.64% | 34.71% |
| 5 | APP AppLovin Corporation NDXSPXAI | 613.09 | 53.17 | $205.96B | - | 70.20% | - | 24.84% | 609.87% |
| 6 | TMUS T-Mobile US, Inc. NDXSPX | 187.53 | 19.93 | $202.95B | 2.18% | 9.27% | 18.02% | 3.53% | 61.90% |
| 7 | VZ Verizon Communications Inc. SPX | 47.81 | 11.66 | $199.63B | 5.92% | 8.59% | 17.20% | 0.33% | -6.86% |
| 8 | DIS The Walt Disney Company SPX | 101.83 | 16.29 | $176.83B | 1.47% | 8.46% | 11.01% | 4.51% | 58.00% |
| 9 | T AT&T Inc. SPX | 24.80 | 8.16 | $172.32B | 4.48% | 9.23% | 18.37% | 1.34% | 119.18% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179.31M | 415.33M | 239.07M | 215.20M | 177.96M | 394.07M | 181.90M | 9.00M | 169.80M | 166.42M | 202.13M | - | 292.19M | 487.24M | 321.48M | - | 122.48M | 158.90M | 161.44M | - | 117.28M | 313.39M | 320.61M | 272.58M | - | 280.57M | 282.68M | 262.51M | 394.28M | 386.41M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 158.32M | 131.32M | 136.98M | 163.35M | 169.65M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 122.25M | 151.36M | 125.53M | 230.93M | 216.76M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 198.50M | 196.93M | 183.79M | 199.11M | 206.07M |
| Operating Income | -51.60M | 84.51M | -21.29M | -57.21M | -68.15M | 69.59M | -155.57M | 94.37M | -58.68M | -46.81M | -38.74M | -43.99M | -52.42M | -29.28M | -22.19M | -61.85M | -51.05M | -49.73M | -101.91M | -70.35M | -69.79M | -159.68M | -40.39M | -71.38M | - | -76.25M | -45.57M | -58.27M | 31.82M | 10.70M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.16M | 383.52M | -43.21M | 115.70M | 92.03M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.21M | 25.86M | 9.40M | 9.08M | 8.04M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -102.28M | 273.75M | -136.71M | 22.44M | -381.00K |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -20.32M | 121.94M | -35.51M | -42.30M | -4.84M |
| Net Income | -31.34M | 87.61M | -14.87M | -59.29M | -55.97M | 81.31M | -134.73M | 126.63M | -35.80M | -55.83M | -18.26M | -38.26M | -79.23M | 2.27M | -17.49M | -99.94M | -44.76M | 67.58M | -56.85M | 536.79M | 66.42M | -173.25M | -47.24M | -46.59M | - | -81.95M | 151.82M | -101.20M | 64.74M | 4.46M |
| Diluted EPS | -2.33 | 3.29 | -5.52 | 5.26 | - | - | - | - | -1.05 | -1.64 | -0.79 | -1.12 | -2.32 | 0.07 | -0.51 | -3.00 | -1.30 | 1.95 | -1.64 | - | 1.89 | -4.91 | -1.33 | -1.31 | - | -2.27 | 3.39 | -2.80 | 1.23 | -0.04 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 988.99M | 1.05B | 1.44B | - | 610.05M | 573.83M | 1.03B | 1.22B |
| Cost of Revenue | - | - | - | - | 320.28M | 342.21M | 547.82M | 589.98M |
| Gross Profit | - | - | - | - | 289.78M | 231.62M | 479.06M | 630.07M |
| Operating Expenses | - | - | - | - | 442.36M | 482.86M | 689.35M | 778.33M |
| Operating Income | -31.28M | -45.60M | 235.21M | - | -152.58M | -251.24M | -210.28M | -148.26M |
| EBITDA | - | - | - | - | -43.05M | 378.81M | -23.86M | 464.17M |
| Interest Expense | - | - | - | - | 0 | 0 | 79.87M | 70.55M |
| Pretax Income | - | - | - | - | -167.68M | 275.43M | -360.23M | 57.22M |
| Tax Provision | - | - | - | - | -29.83M | 103.40M | -135.59M | 23.81M |
| Net Income | 6.90M | -17.89M | 181.73M | - | -194.40M | 502.77M | -200.65M | 33.41M |
| Diluted EPS | - | -0.75 | 5.20 | - | -5.77 | 14.40 | -5.68 | 0.74 |
Compounded Sales Growth
| 5 Years: | 25.99% |
| 1 Year: | 37.70% |
Compounded Profit Growth
| 5 Years: | 39.06% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +267.32% |
| 6 Months: | +69.31% |
| 3 Months: | +16.36% |
| 1 Month: | -0.32% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.32B | 3.72B | - | 5.52B | 4.97B | 4.79B | 4.52B | 4.21B |
| Current Assets | - | - | - | - | - | 1.22B | 623.91M | 865.70M | - | 810.17M |
| Cash & Equivalents | 1.24B | 1.23B | 1.08B | 906.55M | - | 747.31M | 131.97M | 559.76M | - | 507.78M |
| Inventory | - | - | - | - | - | - | 0 | 11.89M | - | 14.45M |
| Receivables | - | - | - | - | - | 123.33M | 112.31M | 228.23M | - | 171.63M |
| Total Liabilities | - | - | 662.29M | 844.77M | - | 3.36B | 2.39B | 2.37B | 2.31B | 1.98B |
| Current Liabilities | - | - | 474.05M | 509.97M | - | 961.10M | 692.14M | 1.37B | 1.37B | 743.37M |
| Long Term Debt | - | - | 48.56M | 28.13M | - | 929.53M | 1.12B | 522.74M | 524.01M | 767.44M |
| Total Debt | - | - | - | - | - | 1.09B | 1.32B | 1.52B | - | 961.46M |
| Total Equity | - | - | 2.57B | 2.84B | - | 1.96B | 2.58B | 2.42B | 2.20B | 2.23B |
| Shares Outstanding | - | - | - | - | - | 34.23M | 34.68M | 35.36M | - | 36.55M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 144.38M | 91.72M | 308.12M | - | 141.34M | 153.59M | -19.66M | 243.35M |
| Investing Cash Flow | -169.62M | -228.06M | -394.53M | - | -804.16M | -653.92M | -45.18M | -3.90M |
| Financing Cash Flow | 15.36M | -8.62M | -113.87M | - | -30.39M | 85.54M | 209.73M | -233.34M |
| Capital Expenditure | -187.36M | -184.00M | -455.24M | - | -805.22M | -1.18B | -289.75M | -52.35M |
| Free Cash Flow | -42.98M | -92.28M | -147.12M | - | -663.88M | -1.02B | -309.41M | 191.00M |
| Net Change in Cash | - | - | - | - | -693.22M | -414.79M | 144.89M | 6.10M |
| Share Buybacks | - | - | 293.53M | 0 | 0 | 0 | 0 | 50.02M |
Ratios (Annual)
Figures in %.
| Metric | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 47.5% | 40.4% | 46.7% | 51.6% |
| Operating Margin % | -3.2% | -4.3% | 16.4% | - | -25.0% | -43.8% | -20.5% | -12.2% |
| Net Margin % | 0.7% | -1.7% | 12.7% | - | -31.9% | 87.6% | -19.5% | 2.7% |
| ROE % | - | -0.7% | 6.4% | - | -9.9% | 19.5% | -8.3% | 1.5% |
| ROCE % | - | -1.6% | 7.3% | - | -3.3% | -5.9% | -6.2% | -4.3% |
Shareholding Pattern
Insiders
6.69%
Institutions
129.55%
Public Float
138.84%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 13.51% | 3.91M | $541.17M |
| 2 | Jericho Capital Asset Management, LP | 9.01% | 2.61M | $360.83M |
| 3 | Ariel Investments, LLC | 8.51% | 2.46M | $340.98M |
| 4 | Morgan Stanley | 7.08% | 2.05M | $283.47M |
| 5 | Vanguard Portfolio Management LLC | 5.33% | 1.54M | $213.50M |
| 6 | Vanguard Capital Management LLC | 4.15% | 1.20M | $166.28M |
| 7 | State Street Corporation | 3.54% | 1.02M | $141.76M |
| 8 | Dimensional Fund Advisors LP | 3.10% | 897.59K | $124.30M |
| 9 | Gamco Investors, Inc ET AL | 2.75% | 794.75K | $110.06M |
| 10 | Geode Capital Management, LLC | 2.52% | 730.31K | $101.13M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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