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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

Nov 3, 2026 (in a month)
Revenue estimate$284.3M
EPS estimate-$1.54

Financials

Q1 2026

Income statement

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Revenue$386.4M+37.7%
Operating income$7.2M+109%
Net income$4.5M+105%
EPS (diluted)-$0.04+98.2%

Balance sheet

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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

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Operating cash flow$136.2M+2,046%
CapEx$4.9M-72.1%
Free cash flow$131.4M+1,279%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.17B+256%
Enterprise value$4.48B+108%
P/E34.8×—
P/S3.1×+2.0×

Profitability

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Net margin9%+5.2pp
FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp
Debt / equity0.4×-0.3×
Current ratio1.2×+0.7×

Segments

By product

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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%

FAQ

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.