What is Sphere Entertainment's market cap?

Sphere Entertainment (SPHR) has a market capitalization of $5.0B and trades on NYSE.

What is Sphere Entertainment's revenue and profitability?

Sphere Entertainment generated $1.3B in trailing twelve-month revenue with net income of $119.8M, representing a net margin of 9.0%, with free cash flow of $333.5M. These figures are based on the Q1 2026 filing.

Who are Sphere Entertainment's competitors?

Sphere Entertainment's key competitors include Live Nation Entertainment, The Walt Disney Company, Netflix, and others. These companies compete in similar markets and product categories.

Who does Sphere Entertainment partner with?

Sphere Entertainment's notable partners include Department of Culture and Tourism – Abu Dhabi, Delta Air Lines, YES Network, and others.

What subsidiaries does Sphere Entertainment have?

Sphere Entertainment's subsidiaries include MSG Networks Inc., Sphere Studios, Sphere Entertainment Group, LLC.

Where is Sphere Entertainment headquartered?

Sphere Entertainment is headquartered in United States of America and employs approximately 1,100 people. It has been publicly traded since 2020.

Sphere Entertainment

SPHR

Sphere Entertainment Co. is a premier live entertainment and media company specializing in immersive experiences and regional sports broadcasting.

Market cap

$5.01B+225%

Revenue$1.3B+34.4%

Net income$119.8M+145%

Free cash flow$333.5M+188%

EPS (diluted)$2.16+129%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$386.4MBeat by $73.0M EPS$0.01Beat by $0.32

Read the full report

Next report

Jul 30, 2026 (Tomorrow)

Revenue estimate$308.0M

EPS estimate-$1.44

Financials

Q1 2026

Income statement

See full

Revenue$386.4M+37.7%

Operating income$7.2M+109%

Net income$4.5M+105%

EPS (diluted)-$0.04+98.2%

Balance sheet

See full

Cash & equivalents$630.2M+31.8%

Total debt$938.4M-35.8%

Total equity$2.2B+4.9%

Total assets$4.2B-5.1%

Cash flow

See full

Operating cash flow$136.2M+2,046%

CapEx$4.9M-72.1%

Free cash flow$131.4M+1,279%

Valuation & ratios

Valuation

See full

Market cap$5.01B+225%

Enterprise value$5.32B+139%

P/E41.8×—

P/S3.8×+2.2×

Profitability

See full

Net margin9%+5.2pp

FCF margin25.2%+15.7pp

Returns & leverage

See full

Return on equity5.5%+3.2pp

Debt / equity0.4×-0.3×

Current ratio1.2×+0.7×

Segments

By product

See full

Ticketing and venue license fee revenues$198.3M+84.8%

Media networks revenues$120.4M-2.1%

Food, beverage, and merchandise revenues$33.7M+69.5%

Sponsorship, signage, Exosphere advertising, and suite license revenues$27.1M+12.0%

By segment

See full

Sphere$266.0M—

MSG Networks$120.4M-2.1%

Competitors

By market cap

Netflix$293.14B-41.3%

Walt Disney$167.83B-22.4%

Live Nation Entertainment$41.7B+17.7%

Madison Square Garden Sports$9.6B+96.9%

Sphere Entertainment$5.0B+218%

Madison Square Garden Entertainment$3.7B+94.0%

Sinclair, Inc.$973.5M-5.3%

Gray Television$408.9M-17.5%

By revenue growth

Sphere Entertainment+34.4%

Netflix+16.0%

Live Nation Entertainment+12.6%

Madison Square Garden Entertainment+4.5%

Walt Disney+4.0%

Madison Square Garden Sports+1.6%

Gray Television-14.5%

By net margin

Netflix28.22%+3.6pp

Walt Disney14.67%+1.7pp

Madison Square Garden Entertainment13.5%-4.7pp

Sphere Entertainment9.04%+36.0pp

Live Nation Entertainment3.66%-2.7pp

Madison Square Garden Sports-2.07%-2.5pp

Gray Television-3.12%-10.8pp

Profile

Sphere Entertainment Co. is a premier live entertainment and media company specializing in immersive experiences and regional sports broadcasting. The company operates the Sphere, a next-generation entertainment medium utilizing advanced LED, audio, and 4D technologies, alongside a portfolio of regional sports and entertainment networks. Its value proposition centers on redefining storytelling through proprietary technology and delivering exclusive live sports content to the New York market.

Competitive position

A pioneer in large-scale immersive entertainment technology with a dominant regional sports media position in the New York metropolitan area.

GeographiesUnited States, United Arab Emirates

Customer segmentsB2C Consumers, B2B Advertisers, Professional Sports Teams

Business modelVenue Operator, Content Production, Subscription Streaming, Advertising-supported Media, Franchising

SuppliersLED and technology component providers, Professional sports leagues (NBA, NHL, NFL), Creative talent and filmmakers, Real estate lessors

CustomersGeneral public/ticket buyers, Global brands and advertisers, Multichannel video programming distributors (MVPDs), Streaming subscribers

CountryUnited States of America

Listed2020

Employees1.1K

CEOJames Lawrence Dolan

SectorCommunication Services

IndustryEntertainment

Websitesphereentertainmentco.com

FilingsSEC EDGAR

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Questions, answered.

What is Sphere Entertainment's market cap?: Sphere Entertainment (SPHR) has a market capitalization of $5.0B and trades on NYSE.
What is Sphere Entertainment's revenue and profitability?: Sphere Entertainment generated $1.3B in trailing twelve-month revenue with net income of $119.8M, representing a net margin of 9.0%, with free cash flow of $333.5M. These figures are based on the Q1 2026 filing.
Who are Sphere Entertainment's competitors?: Sphere Entertainment's key competitors include Live Nation Entertainment, The Walt Disney Company, Netflix, and others. These companies compete in similar markets and product categories.
Who does Sphere Entertainment partner with?: Sphere Entertainment's notable partners include Department of Culture and Tourism – Abu Dhabi, Delta Air Lines, YES Network, and others.
What subsidiaries does Sphere Entertainment have?: Sphere Entertainment's subsidiaries include MSG Networks Inc., Sphere Studios, Sphere Entertainment Group, LLC.
Where is Sphere Entertainment headquartered?: Sphere Entertainment is headquartered in United States of America and employs approximately 1,100 people. It has been publicly traded since 2020.