When did Sphere Entertainment report Q1 2025 earnings?

Sphere Entertainment (SPHR) reported Q1 2025 earnings on May 8, 2025 before market open.

What were Sphere Entertainment's Q1 2025 revenue and EPS?

Sphere Entertainment reported revenue of $227.9M and eps of $-2.27 for Q1 2025.

Did Sphere Entertainment beat estimates in Q1 2025?

Revenue missed the consensus estimate of $295.6M by $67.7M. EPS beat the consensus estimate of $-2.48 by $0.21.

How did Sphere Entertainment's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 29.1% from $321.3M a year earlier and eps declined 70.7% from $-1.33.

Where can I find Sphere Entertainment's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0001795250-25-000029) directly on SEC EDGAR. The filing index links above go to sec.gov.

Sphere Entertainment SPHR Q1 2025 earnings

Reported May 8, 2025 · Before market open

Revenue$227.9MMiss by $67.7M

EPS-$2.27Beat by $0.21

Revenue estimate$295.6M

EPS estimate-$2.48

Next report

Jul 30, 2026 (Tomorrow)

Revenue estimate$308.0M

EPS estimate-$1.44

Financials

Q1 2025

Income statement

See full

Revenue$280.6M-12.7%

Operating income-$78.6M-94.6%

Net income-$82.0M-73.5%

EPS (diluted)-$2.27-70.7%

Balance sheet

See full

Cash & equivalents$478.2M-31.1%

Total debt$1.5B-5.1%

Total equity$2.1B-12.3%

Total assets$4.4B-8.7%

Cash flow

See full

Operating cash flow$6.3M-93.7%

CapEx$17.5M-10.1%

Free cash flow-$11.1M-114%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$1.17B-32.4%

Enterprise value$2.16B-16.4%

P/S1.2×-0.8×

Profitability

See full

Operating margin-30.3%-5.3pp

Net margin-27%-70.3pp

FCF margin-38.2%—

Returns & leverage

See full

Return on equity-11.6%-28.7pp

Debt / equity0.7×+0.1×

Current ratio0.5×-0.1×

Segments

By product

See full

Media networks revenues$123.0M-18.5%

Ticketing and venue license fee revenues$107.3M-3.0%

Sponsorship, signage, Exosphere advertising, and suite license revenues$24.2M-40.3%

Food, beverage, and merchandise revenues$19.9M+7.7%

By segment

See full

MSG Networks$123.0M-18.5%

Versus estimates

Revenue

Q1 2026$386.4MBeat by $73.0M Q4 2025$394.3MBeat by $22.3M Q3 2025$262.5MMiss by $115.1M Q2 2025$297.7MBeat by $40.7M

Q1 2025$227.9MMiss by $67.7M

Q4 2024$273.4MMiss by $30.0M

Diluted EPS

Q1 2026$0.01Beat by $0.32 Q4 2025$1.23Beat by $1.35 Q3 2025-$1.37Beat by $0.25 Q2 2025-$2.71Miss by $1.14

Q1 2025-$2.27Beat by $0.21

Q4 2024-$3.49Miss by $1.34

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Questions, answered.

When did Sphere Entertainment report Q1 2025 earnings?: Sphere Entertainment (SPHR) reported Q1 2025 earnings on May 8, 2025 before market open.
What were Sphere Entertainment's Q1 2025 revenue and EPS?: Sphere Entertainment reported revenue of $227.9M and eps of $-2.27 for Q1 2025.
Did Sphere Entertainment beat estimates in Q1 2025?: Revenue missed the consensus estimate of $295.6M by $67.7M. EPS beat the consensus estimate of $-2.48 by $0.21.
How did Sphere Entertainment's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 29.1% from $321.3M a year earlier and eps declined 70.7% from $-1.33.
Where can I find Sphere Entertainment's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0001795250-25-000029) directly on SEC EDGAR. The filing index links above go to sec.gov.