What does MSG networks — other direct operating expenses mean?

Encompasses miscellaneous direct costs required to maintain segment operations that are not categorized under specific programming or production line items. Tracking these helps identify hidden operational overheads that impact segment margins.

Sphere Entertainment SPHR MSG Networks — Other direct operating expenses

Other segment segments

Sphere

$4.8M-40.3%

Similar metrics at other companies

ZIONNSB — Other direct expenses

$4M-20.0%

VIAVNetwork and Service Enablement — Other

$31.6M+26.9%

MGMMGM Digital — Other segment items

$53.25M+19.7%

VIAVNetwork and Service Enablement — Other segment items

$31.6M+26.9%

WBDGlobal Linear Networks — Other segment expenses

$493M-10.2%

GNTXOther — Operating Expenses

$16.7M+118%

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:OtherCostAndExpenseOperating.

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 — other direct operating expenses?: Sphere Entertainment (SPHR) reported MSG networks — other direct operating expenses of $0 in Q1 2026.
What does MSG networks — other direct operating expenses mean?: Encompasses miscellaneous direct costs required to maintain segment operations that are not categorized under specific programming or production line items. Tracking these helps identify hidden operational overheads that impact segment margins.