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Sphere Entertainment SPHR MSG Networks — Operating Income (Loss)

Other segment segments

Sphere
-$24.88M+73.5%

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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:OperatingIncomeLoss.

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 — operating income (loss)?
Sphere Entertainment (SPHR) reported MSG networks — operating income (loss) of $32.09M in Q1 2026.
How has Sphere Entertainment's MSG networks — operating income (loss) changed year-over-year?
Sphere Entertainment's MSG networks — operating income (loss) increased by 111.7% year-over-year, from $15.15M to $32.09M.
What is the long-term trend for Sphere Entertainment's MSG networks — operating income (loss)?
Over 4 years (2021 to 2025), Sphere Entertainment's MSG networks — operating income (loss) has grown at a -38.8% compound annual growth rate (CAGR), from $275.68M to $38.59M.
What does MSG networks — operating income (loss) mean?
Measures the profitability of the segment by subtracting operating expenses from total segment revenues. It serves as the primary indicator of the segment's core business health and operational efficiency before interest and taxes.