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Share-based compensation expense

Sphere Entertainment·Business Segments·2 segments·Rolls up to Compensation and benefits

Breakdown

Segments

MSG NetworksView metric

SphereView metric

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Sphere	$12.34M	$13.18M	$1.72M	$19.95M	$17.95M	$12.41M	$9.96M	$13.14M
MSG Networks	$984K	$2.39M	$0	$1.64M	$897K	-$3.88M	$0	$767K
Total	—	—	—	—	—	—	—	—