Sphere Entertainment Co. (SPHR) Stock Analysis
Communication Services · Entertainment · NYSE
Sphere Entertainment Co. (SPHR) posted $1.22B in revenue for fiscal 2025 (up 18.8% year over year), at a 2.7% net margin, and has compounded revenue about -3.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Sphere Entertainment Co.
Sphere Entertainment Co. has grown revenue from $988.99M to $1.22B over the last 8 fiscal years, compounding about -3.2% a year. The most recent year was up 18.8%, so growth is actually accelerating.
Net margin sits at 2.7%, up 22.2 points year over year. It carries about $692.69M of total debt.
Synthesised from Sphere Entertainment Co.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Sphere Entertainment Co. revenue & earnings — last 8 fiscal years
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $988.99M | $1.05B | $1.44B | $180.40M | $1.72B | $573.83M | $1.03B | $1.22B |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | $6.90M | $-8.22M | $181.73M | $-412.08M | $-194.40M | $502.77M | $-200.65M | $33.41M |
| Net margin | 0.7% | -0.8% | 12.7% | -228.4% | -11.3% | 87.6% | -19.5% | 2.7% |
Source: Sphere Entertainment Co. SEC filings (10-K).
Sphere Entertainment Co.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 8 years of Sphere Entertainment Co. financials — interactive
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Sphere Entertainment Co. financial history by metric
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About Sphere Entertainment Co.
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.
Sphere Entertainment Co. — frequently asked questions
What is Sphere Entertainment Co.'s revenue?
Sphere Entertainment Co. (SPHR) reported revenue of $1.22B for fiscal year 2025, up 18.8% from the prior year, according to its SEC filings.
Is Sphere Entertainment Co. profitable?
Yes. SPHR earned net income of $33.41M in fiscal 2025, a net margin of 2.7%.
What is SPHR's P/E ratio?
Sphere Entertainment Co. trades at a price-to-earnings ratio of about 47.9 based on the latest data in our nightly-refreshed cache.
How fast is Sphere Entertainment Co. growing?
SPHR's revenue grew at roughly -3.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Sphere Entertainment Co. have?
As of fiscal year 2025, SPHR carried roughly $692.69M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Sphere Entertainment Co.'s market cap?
Sphere Entertainment Co. (SPHR) has a market capitalization of about $5.09B, based on the latest data in our nightly-refreshed cache.
When does Sphere Entertainment Co.'s fiscal year end?
SPHR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Sphere Entertainment Co.'s official SEC filings (10-K and 10-Q), covering 8 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.