Sphere Entertainment SPHR Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues from contracts with customers by Business | ||||||
| MSG Networks | $436.05M-0.6% | $438.63M-7.5% | $474.29M-2.6% | $486.71M-3.0% | $501.79M-5.3% | |
| Sphere | $889.83M+13.9% | $781.41M+40.6% | $555.73M+9.2% | $508.71M+5.0% | $484.34M-2.6% | |
| Revenues from subleases by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $1.76M-3.6% | $1.82M-13.4% | $2.11M-13.5% | $2.43M-13.3% | $2.81M-7.2% | |
| Operating Income (Loss) by Business | ||||||
| MSG Networks | $55.53M+43.9% | $38.59M+136% | -$108.14M-95.2% | -$55.39M+0.2% | -$55.53M-101% | |
| Sphere | -$199.28M+25.7% | -$268.16M+37.5% | -$428.92M+8.7% | -$469.57M+4.3% | -$490.65M-2.1% | |
| Adjusted Operating Income (Loss) by Business | ||||||
| MSG Networks | $130.13M+11.0% | $117.26M-6.2% | $125.07M+2.6% | $121.87M+4.6% | $116.48M-18.1% | |
| Sphere | $205.71M+42.3% | $144.56M+208% | $46.92M+1,218% | $3.56M+113% | -$26.86M+0.9% | |
| Other segment expenses by Business | ||||||
| MSG Networks | $76.61M+0.8% | $76M-42.4% | $132.01M+101% | $65.66M-0.4% | $65.9M+0.4% | |
| Sphere | $342.37M+0.2% | $341.71M-11.0% | $383.84M+0.6% | $381.5M+0.1% | $380.97M+0.5% | |
| Impairment And Other Gain (Loss), Net by Business | ||||||
| MSG Networks | -$65.4M0.0% | -$65.4M+48.3% | -$126.6M-107% | -$61.2M0.0% | -$61.2M0.0% | |
| Sphere | -$3.94M+10.1% | -$4.38M-3.8% | -$4.22M+48.5% | -$8.2M+20.4% | -$10.29M+91.8% | |
| Other direct operating expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $24.87M-11.5% | $28.11M+27.7% | $22.01M+0.5% | $21.91M+11.0% | $19.74M+11.5% | |
| Interest Payments by Business | ||||||
| LV Sphere | $23.74M-5.8% | $25.19M— | —— | —— | —— | |
| MSG Networks | $30.22M-33.4% | $45.4M— | —— | —— | —— | |
| Share-based compensation expense by Business | ||||||
| MSG Networks | -$2.21M-65.3% | -$1.34M0.0% | -$1.34M-127% | $4.93M-1.7% | $5.01M-26.5% | |
| Sphere | $53.46M-11.3% | $60.27M+15.8% | $52.04M-1.5% | $52.81M+11.9% | $47.2M+16.5% | |
| Goodwill by Business | ||||||
| MSG Networks | $1.26B-4.9% | $1.32B-4.7% | $1.39B-8.4% | $1.51B-3.9% | $1.58B-3.7% | |
| Sphere | $187.46M0.0% | $187.46M0.0% | $187.46M+0.7% | $186.24M+0.7% | $185.02M+8.5% | |
| D&A by Business | ||||||
| MSG Networks | $8.51M-1.5% | $8.64M+3.8% | $8.32M+0.4% | $8.29M-0.2% | $8.31M+0.8% | |
| Sphere | $328.04M+0.1% | $327.77M+27.9% | $256.29M+0.8% | $254.13M+0.6% | $252.55M+1.7% | |
| Event-related expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | -$255.39M+11.1% | -$287.31M-227% | -$87.96M+15.5% | -$104.14M+5.7% | -$110.45M+51.8% | |
| Restructuring Charges by Business | ||||||
| MSG Networks | $2.7M+37.8% | $1.96M— | —— | —— | —— | |
| Sphere | $10.39M+8.7% | $9.56M-17.8% | $11.62M+55.7% | $7.47M+16.1% | $6.43M-32.1% | |
| Rights fee expense by Business | ||||||
| MSG Networks | -$220.97M-8.1% | -$204.47M-13.1% | -$180.8M-10.8% | -$163.21M-18.6% | -$137.6M+49.9% | |
| Sphere | $0— | $0— | $0— | $0— | $0— | |
| Other Commitment by Business | ||||||
| MSG Networks | $3.34B— | —— | —— | —— | —— | |
| Sphere | $167.27M— | —— | —— | —— | —— | |
| Amortization for capitalized cloud computing arrangement costs by Business | ||||||
| MSG Networks | $0— | $0-100% | $87K-20.2% | $109K-16.2% | $130K-14.5% | |
| Sphere | $5.65M-10.5% | $6.32M0.0% | $6.32M+33.3% | $4.74M+50.0% | $3.16M+100% | |
| Network programming and production costs by Business | ||||||
| MSG Networks | -$68.11M-1.3% | -$67.24M-65.6% | -$40.59M-3.6% | -$39.18M-2.8% | -$38.11M+52.8% | |
| Sphere | $0— | $0— | $0— | $0— | $0— | |
| Total revenues from contracts with customers by Product | ||||||
| Food, beverage, and merchandise revenues | $114.23M+13.8% | $100.4M+26.8% | $79.15M+11.6% | $70.93M+4.1% | $68.12M+2.1% | |
| Media networks revenues | $436.05M-0.6% | $438.63M-7.5% | $474.29M-2.6% | $486.71M-3.0% | $501.79M-5.3% | |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | $99.04M+3.0% | $96.15M+24.8% | $77.04M+5.4% | $73.1M+3.2% | $70.84M-18.7% | |
| Ticketing and venue license fee revenues | $658.61M+16.0% | $567.64M+47.7% | $384.22M+9.3% | $351.67M+5.9% | $332M-1.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Sphere Entertainment break its business down?
- Sphere Entertainment (SPHR) reports total revenues from contracts with customers by business across 2 parts — MSG Networks and Sphere. Each is extracted from the segment footnotes and tracked over time.
- Where does Sphere Entertainment's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Sphere Entertainment's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.