Sphere Entertainment SPHR Operating margin

Operating margin at other companies

NetflixNFLX

29.7%+0.2pp

Live Nation EntertainmentLYV

4.6%—

Madison Square Garden EntertainmentMSGE

15.2%—

Nexstar Media Group, Inc.NXST

17.8%-4.5pp

Madison Square Garden SportsMSGS

8.4%—

PSK

Paramount Skydance CorporationPSKY

4.3%—

FAQ

What is Sphere Entertainment's operating margin?

Sphere Entertainment (SPHR) reported operating margin of -28.1% in Q3 2025.

How has Sphere Entertainment's operating margin changed year-over-year?

Sphere Entertainment's operating margin increased by 17.8% year-over-year, from -34.2% to -28.1%.

What is the long-term trend for Sphere Entertainment's operating margin?

Over 4 years (2020 to 2024), Sphere Entertainment's operating margin has grown at a -5.2% compound annual growth rate (CAGR), from -31.4% to -25.4%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.