When did Sphere Entertainment report Q2 2025 earnings?

Sphere Entertainment (SPHR) reported Q2 2025 earnings on August 11, 2025 before market open.

What were Sphere Entertainment's Q2 2025 revenue and EPS?

Sphere Entertainment reported revenue of $297.7M and eps of $-2.71 for Q2 2025.

Did Sphere Entertainment beat estimates in Q2 2025?

Revenue beat the consensus estimate of $257.0M by $40.7M. EPS missed the consensus estimate of $-1.57 by $1.14.

How did Sphere Entertainment's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 5.2% from $314.2M a year earlier and eps declined 35.5% from $-2.00.

Where can I find Sphere Entertainment's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001628280-25-039390) directly on SEC EDGAR. The filing index links above go to sec.gov.

Sphere Entertainment SPHR Q2 2025 earnings

Reported August 11, 2025 · Before market open

Revenue$297.7MBeat by $40.7M

EPS-$2.71Miss by $1.14

Revenue estimate$257.0M

EPS estimate-$1.57

Next report

Jul 30, 2026 (Tomorrow)

Revenue estimate$308.0M

EPS estimate-$1.44

Financials

Q2 2025

Income statement

See full

Revenue$282.7M+3.4%

Operating income-$50.2M+29.7%

Net income$151.8M+426%

EPS (diluted)$3.39+359%

Balance sheet

See full

Cash & equivalents$368.9M-35.6%

Total debt$1.0B-32.9%

Total equity$2.3B-4.2%

Total assets$4.2B-12.3%

Cash flow

See full

Operating cash flow-$59.1M—

CapEx$14.7M—

Free cash flow-$73.7M+79.7%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$1.47B+18.3%

Enterprise value$2.12B-3.1%

P/S1.5×+0.3×

Profitability

See full

Operating margin-27.9%-3.9pp

Net margin-6.8%-2.7pp

FCF margin-8.8%—

Returns & leverage

See full

Return on equity-2.9%-1.1pp

Debt / equity0.4×-0.2×

Current ratio1.1×+0.5×

Segments

By product

See full

Ticketing and venue license fee revenues$124.6M+18.7%

Media networks revenues$107.1M-12.3%

Food, beverage, and merchandise revenues$27.9M+11.2%

Sponsorship, signage, Exosphere advertising, and suite license revenues$22.6M+11.1%

By segment

See full

Sphere$175.6M+16.1%

MSG Networks$107.1M-12.3%

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 Q2 2025 earnings?: Sphere Entertainment (SPHR) reported Q2 2025 earnings on August 11, 2025 before market open.
What were Sphere Entertainment's Q2 2025 revenue and EPS?: Sphere Entertainment reported revenue of $297.7M and eps of $-2.71 for Q2 2025.
Did Sphere Entertainment beat estimates in Q2 2025?: Revenue beat the consensus estimate of $257.0M by $40.7M. EPS missed the consensus estimate of $-1.57 by $1.14.
How did Sphere Entertainment's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 5.2% from $314.2M a year earlier and eps declined 35.5% from $-2.00.
Where can I find Sphere Entertainment's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001628280-25-039390) directly on SEC EDGAR. The filing index links above go to sec.gov.