What is Sphere Entertainment's MSG networks — impairments?

Sphere Entertainment (SPHR) reported MSG networks — impairments of $0 in Q1 2026.

What does MSG networks — impairments mean?

Represents non-cash charges recognized when the carrying value of an asset or business unit exceeds its recoverable amount. This metric signals a decline in the expected future economic benefits of the segment's assets. High impairment levels often indicate strategic missteps or adverse shifts in the competitive landscape.

Sphere Entertainment SPHR MSG Networks — Impairments

Other segment segments

Sphere

$0—

Similar metrics at other companies

NEMNGM — Impairment Charges

$1M-84.0%

PSXM&S — Impairments

$0—

GPIAsset impairments

$2.5M+525%

FISCapital Market Solutions — Impairments

$0—

SNEXImpairment of intangible assets

$4.6M-71.6%

LYBOther — Impairments

$0—

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:GoodwillImpairmentLoss.

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 — impairments?: Sphere Entertainment (SPHR) reported MSG networks — impairments of $0 in Q1 2026.
What does MSG networks — impairments mean?: Represents non-cash charges recognized when the carrying value of an asset or business unit exceeds its recoverable amount. This metric signals a decline in the expected future economic benefits of the segment's assets. High impairment levels often indicate strategic missteps or adverse shifts in the competitive landscape.