Sphere Entertainment SPHR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues from contracts with customers by Business | ||||||
| MSG Networks | $120.45M-2.1% | $120.09M-22.9% | $88.42M-12.3% | $107.09M-12.3% | $123.03M-18.5% | |
| Sphere | $265.97M+68.8% | $274.19M+465% | $174.09M+37.0% | $175.59M+16.1% | $157.55M-7.5% | |
| Revenues from subleases by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $439K-12.9% | $440K-39.1% | $439K-42.8% | $439K-46.1% | $504K-30.3% | |
| Operating Income (Loss) by Business | ||||||
| MSG Networks | $32.09M+112% | $35.43M+132% | -$45.28M-707% | $33.29M+0.4% | $15.15M-64.8% | |
| Sphere | -$24.88M+73.5% | -$6.51M+96.1% | -$84.43M+32.5% | -$83.45M+20.2% | -$93.76M-12.3% | |
| Adjusted Operating Income (Loss) by Business | ||||||
| MSG Networks | $35.69M+56.4% | $38.63M-16.8% | $19.3M+19.8% | $36.52M+17.3% | $22.82M-53.1% | |
| Sphere | $74.29M+465% | $89.4M+1,185% | $17.07M+165% | $24.95M+556% | $13.15M+1.8% | |
| Other segment expenses by Business | ||||||
| MSG Networks | $2.83M+27.4% | $3.12M-94.7% | $68.46M+3,152% | $2.2M-10.0% | $2.22M+14.5% | |
| Sphere | $85.03M+0.8% | $83.95M-33.4% | $87.09M+2.8% | $86.3M+0.6% | $84.37M+2.1% | |
| Impairment And Other Gain (Loss), Net by Business | ||||||
| MSG Networks | $0— | $0+100% | -$65.4M— | $0— | $0— | |
| Sphere | -$79K+84.8% | -$162K— | -$57K+98.6% | -$3.64M+36.5% | -$521K+99.5% | |
| Merger, debt work-out, and acquisition related costs, net of insurance recoveries by Business | ||||||
| MSG Networks | $0-100% | —— | —— | —— | $3.8M+232% | |
| Sphere | $87K-91.2% | —— | —— | —— | $988K+436% | |
| Other direct operating expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $4.8M-40.3% | $6.37M+2,250% | $7.12M+1.5% | $6.58M+49.1% | $8.04M+34.1% | |
| Interest Payments by Business | ||||||
| LV Sphere | $4.81M-23.2% | $6.3M— | $6.32M-7.3% | $6.32M— | $6.26M-7.2% | |
| MSG Networks | $3.38M-81.8% | $4.04M— | $5.17M-68.9% | $17.63M— | $18.56M+10.7% | |
| Share-based compensation expense by Business | ||||||
| MSG Networks | $767K-53.3% | $0— | -$3.88M-262% | $897K-8.8% | $1.64M-52.4% | |
| Sphere | $13.14M-34.1% | $9.96M+477% | $12.41M-5.8% | $17.95M+45.5% | $19.95M+50.3% | |
| Loan Principal Repayments by Business | ||||||
| LV Sphere | $0— | —— | —— | —— | $0— | |
| MSG Networks | $15.47M-38.1% | —— | —— | —— | $25M— | |
| Acquisitions by Business | ||||||
| MSG Networks | $0— | —— | —— | —— | —— | |
| Sphere | $0— | —— | —— | —— | —— | |
| Goodwill by Business | ||||||
| MSG Networks | $297.91M-18.0% | $297.91M-18.0% | $297.91M-29.8% | $363.31M-14.4% | $363.31M-14.4% | |
| Sphere | $46.86M0.0% | $46.86M0.0% | $46.86M+2.7% | $46.86M+2.7% | $46.86M+45.1% | |
| D&A by Business | ||||||
| MSG Networks | $2.09M-5.9% | $2.11M+17.7% | $2.11M+1.5% | $2.2M-0.7% | $2.22M+2.9% | |
| Sphere | $82.27M+0.3% | $82.06M+675% | $82M+2.7% | $81.71M+2.0% | $82.01M+5.5% | |
| Event-related expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $94.43M+51.1% | -$491.19M-68.3% | $71.61M+29.2% | $69.77M+9.9% | $62.5M+211% | |
| Restructuring Charges by Business | ||||||
| MSG Networks | $741K— | $1.01M— | $952K+3,073% | $0-100% | $0+100% | |
| Sphere | $2.67M+45.2% | $1.73M-54.4% | $5.04M+471% | $947K+1,176% | $1.84M-62.3% | |
| Rights fee expense by Business | ||||||
| MSG Networks | $50.65M-24.6% | -$358.79M-7.1% | $47.87M-26.9% | $39.3M-39.5% | $67.15M+196% | |
| Sphere | $0— | $0— | $0— | $0— | $0— | |
| Other Commitment by Business | ||||||
| MSG Networks | $755.86M— | $810.14M— | $861.69M— | $916.52M-68.6% | —— | |
| Sphere | $28.23M— | $38.63M— | $41.09M— | $59.33M-9.4% | —— | |
| Amortization for capitalized cloud computing arrangement costs by Business | ||||||
| MSG Networks | $0— | $0-100% | $0-100% | $0-100% | $0-100% | |
| Sphere | $917K-41.9% | $1.58M0.0% | $1.58M— | $1.58M— | $1.58M— | |
| Network programming and production costs by Business | ||||||
| MSG Networks | $19.78M-4.2% | -$113.93M-30.5% | $10.38M-11.9% | $15.66M-6.4% | $20.64M+193% | |
| Sphere | $0— | $0— | $0— | $0— | $0— | |
| Impairments by Business | ||||||
| MSG Networks | $0— | $61.2M0.0% | $65.4M0.0% | —— | —— | |
| Sphere | $0— | $0— | $0— | —— | —— | |
| Total revenues from contracts with customers by Product | ||||||
| Food, beverage, and merchandise revenues | $33.72M+69.5% | $27.61M+334% | $25.02M+49.0% | $27.88M+11.2% | $19.89M+7.7% | |
| Media networks revenues | $120.45M-2.1% | $120.09M-22.9% | $88.42M-12.3% | $107.09M-12.3% | $123.03M-18.5% | |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | $27.07M+12.0% | $32.16M+146% | $17.19M+29.7% | $22.62M+11.1% | $24.17M-40.3% | |
| Ticketing and venue license fee revenues | $198.3M+84.8% | $211.02M+665% | $124.65M+35.3% | $124.64M+18.7% | $107.33M-3.0% |
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.