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Sphere Entertainment SPHR MSG Networks — Impairment And Other Gain (Loss), Net

Other segment segments

Sphere
-$79K+84.8%

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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$5.66B+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 sphr:ImpairmentAndOtherGainLossNet.

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 — impairment and other gain (loss), net?
Sphere Entertainment (SPHR) reported MSG networks — impairment and other gain (loss), net of $0 in Q1 2026.
What does MSG networks — impairment and other gain (loss), net mean?
Reflects the net impact of write-downs on the carrying value of assets within the MSG Networks segment, alongside other non-operating gains or losses. This metric captures significant adjustments to asset valuations, such as goodwill or broadcasting rights, that are no longer expected to generate projected economic benefits. It serves as a key indicator of asset quality and potential future performance risks.