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Sphere Entertainment SPHR MSG Networks — Goodwill

Other segment segments

Sphere
$46.86M

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Other financials

Income statement

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Revenue$386.4M+37.7%
Operating income$7.2M+109%
Net income$4.5M+105%
EPS (diluted)-$0.04+98.2%

Balance sheet

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Cash & equivalents$630.2M+31.8%
Total debt$938.4M-35.8%
Total equity$2.2B+4.9%
Total assets$4.2B-5.1%

Cash flow

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Operating cash flow$136.2M+2,046%
CapEx$4.9M-72.1%
Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.63B+256%

Profitability

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Operating margin-28.1%-4.3pp
Net margin9%+5.2pp
FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp
Debt / equity0.4×-0.3×
Current ratio1.2×+0.7×

Where this comes from

Reported directly by Sphere Entertainment in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Sphere Entertainment’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sphere Entertainment's MSG networks — goodwill?
Sphere Entertainment (SPHR) reported MSG networks — goodwill of $297.91M in Q1 2026.
How has Sphere Entertainment's MSG networks — goodwill changed year-over-year?
Sphere Entertainment's MSG networks — goodwill decreased by 18.0% year-over-year, from $363.31M to $297.91M.
What is the long-term trend for Sphere Entertainment's MSG networks — goodwill?
Over 2 years (2023 to 2025), Sphere Entertainment's MSG networks — goodwill has grown at a -11.8% compound annual growth rate (CAGR), from $1.7B to $1.32B.
What does MSG networks — goodwill mean?
Reflects the intangible asset value recorded when the segment acquires another business for a price exceeding the fair market value of its identifiable net assets. It represents the premium paid for brand reputation, customer loyalty, and synergies. Changes in this balance are critical for assessing long-term investment value and potential future impairment risks.