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-13.1% | $438.63M-17.2% | $474.29M-8.9% | $486.71M-8.1% | $501.79M-10.5% | |
| Sphere | $889.83M+83.7% | $781.41M+57.2% | $555.73M-9.9% | $508.71M+2.3% | $484.34M— | |
| Revenues from subleases by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $1.76M-37.5% | $1.82M-39.8% | $2.11M-31.4% | $2.43M-19.6% | $2.81M+3.8% | |
| Operating Income (Loss) by Business | ||||||
| MSG Networks | $55.53M+200% | $38.59M+240% | -$108.14M-192% | -$55.39M-140% | -$55.53M-143% | |
| Sphere | -$199.28M+59.4% | -$268.16M+44.2% | -$428.92M+15.4% | -$469.57M+2.3% | -$490.65M-30.5% | |
| Adjusted Operating Income (Loss) by Business | ||||||
| MSG Networks | $130.13M+11.7% | $117.26M-17.6% | $125.07M-6.1% | $121.87M-14.3% | $116.48M-27.3% | |
| Sphere | $205.71M+866% | $144.56M+633% | $46.92M+1,083% | $3.56M+106% | -$26.86M+86.7% | |
| Other segment expenses by Business | ||||||
| MSG Networks | $76.61M+16.2% | $76M+15.8% | $132.01M+1,307% | $65.66M+546% | $65.9M+521% | |
| Sphere | $342.37M-10.1% | $341.71M-9.9% | $383.84M+45.8% | $381.5M+102% | $380.97M+236% | |
| Impairment And Other Gain (Loss), Net by Business | ||||||
| MSG Networks | -$65.4M-6.9% | -$65.4M-6.9% | -$126.6M— | -$61.2M— | -$61.2M— | |
| Sphere | -$3.94M+61.7% | -$4.38M+96.5% | -$4.22M+98.3% | -$8.2M— | -$10.29M— | |
| Other direct operating expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | $24.87M+26.0% | $28.11M+58.8% | $22.01M+17.0% | $21.91M+66.2% | $19.74M+94.4% | |
| Interest Payments by Business | ||||||
| LV Sphere | $23.74M— | $25.19M— | —— | —— | —— | |
| MSG Networks | $30.22M— | $45.4M— | —— | —— | —— | |
| Share-based compensation expense by Business | ||||||
| MSG Networks | -$2.21M-144% | -$1.34M-120% | -$1.34M-117% | $4.93M-22.2% | $5.01M-45.7% | |
| Sphere | $53.46M+13.3% | $60.27M+48.8% | $52.04M+4.6% | $52.81M+30.4% | $47.2M+15.1% | |
| Goodwill by Business | ||||||
| MSG Networks | $1.26B-20.2% | $1.32B-19.2% | $1.39B-18.3% | $1.51B-10.8% | $1.58B-7.2% | |
| Sphere | $187.46M+1.3% | $187.46M+10.0% | $187.46M+20.3% | $186.24M+30.7% | $185.02M+43.2% | |
| D&A by Business | ||||||
| MSG Networks | $8.51M+2.4% | $8.64M+4.8% | $8.32M-1.4% | $8.29M+0.6% | $8.31M+16.4% | |
| Sphere | $328.04M+29.9% | $327.77M+32.0% | $256.29M-18.8% | $254.13M+2.4% | $252.55M— | |
| Event-related expenses by Business | ||||||
| MSG Networks | $0— | $0— | $0— | $0— | $0— | |
| Sphere | -$255.39M-131% | -$287.31M-25.3% | -$87.96M— | -$104.14M— | -$110.45M— | |
| Restructuring Charges by Business | ||||||
| MSG Networks | $2.7M— | $1.96M— | —— | —— | —— | |
| Sphere | $10.39M+61.6% | $9.56M+0.9% | $11.62M+66.8% | $7.47M-21.2% | $6.43M-32.8% | |
| Rights fee expense by Business | ||||||
| MSG Networks | -$220.97M-60.6% | -$204.47M+25.5% | -$180.8M-2,932% | -$163.21M-18.2% | -$137.6M+49.0% | |
| 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 | $0-100% | $0-100% | $87K0.0% | $109K+25.3% | $130K-7.1% | |
| Sphere | $5.65M+79.0% | $6.32M+300% | $6.32M— | $4.74M— | $3.16M+2,626% | |
| Network programming and production costs by Business | ||||||
| MSG Networks | -$68.11M-78.7% | -$67.24M+16.8% | -$40.59M-267% | -$39.18M+2.9% | -$38.11M+48.9% | |
| Sphere | $0— | $0— | $0— | $0— | $0— | |
| Total revenues from contracts with customers by Product | ||||||
| Food, beverage, and merchandise revenues | $114.23M+67.7% | $100.4M+50.5% | $79.15M-3.7% | $70.93M+6.3% | $68.12M— | |
| Media networks revenues | $436.05M-13.1% | $438.63M-17.2% | $474.29M-8.9% | $486.71M-8.1% | $501.79M-10.5% | |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | $99.04M+39.8% | $96.15M+10.3% | $77.04M-21.0% | $73.1M-16.1% | $70.84M— | |
| Ticketing and venue license fee revenues | $658.61M+98.4% | $567.64M+69.3% | $384.22M-10.6% | $351.67M+3.4% | $332M— |
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.