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Sphere Entertainment SPHR Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$386.4MBeat by $73.0M
EPS$0.01Beat by $0.32
Revenue estimate$313.4M
EPS estimate-$0.31

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

as of 07/28/26
See full
Market cap$5.01B+218%
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%

Versus estimates

Revenue

Q1 2026$386.4MBeat by $73.0M
Q4 2025$394.3MBeat by $22.3MQ3 2025$262.5MMiss by $115.1MQ2 2025$297.7MBeat by $40.7MQ1 2025$227.9MMiss by $67.7MQ4 2024$273.4MMiss by $30.0M

Diluted EPS

Q1 2026$0.01Beat by $0.32
Q4 2025$1.23Beat by $1.35Q3 2025-$1.37Beat by $0.25Q2 2025-$2.71Miss by $1.14Q1 2025-$2.27Beat by $0.21Q4 2024-$3.49Miss by $1.34

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Questions, answered.

When did Sphere Entertainment report Q1 2026 earnings?
Sphere Entertainment (SPHR) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Sphere Entertainment's Q1 2026 revenue and EPS?
Sphere Entertainment reported revenue of $386.4M and eps of $0.01 for Q1 2026.
Did Sphere Entertainment beat estimates in Q1 2026?
Revenue beat the consensus estimate of $313.4M by $73.0M. EPS beat the consensus estimate of $-0.31 by $0.32.
How did Sphere Entertainment's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 69.5% from $227.9M a year earlier.
Where can I find Sphere Entertainment's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-030130) and the 10-Q periodic report (0001628280-26-030740) directly on SEC EDGAR. The filing index links above go to sec.gov.