What does MSG networks — purchase commitment, to be paid, 2027 mean?

Represents the total value of legally binding purchase agreements for the MSG Networks segment scheduled for payment in the specified calendar year. This provides insight into the segment's medium-term cost structure and the predictability of its operational expenditures. Investors use this to forecast cash outflows and assess the sustainability of content-related investments.

Sphere Entertainment SPHR MSG Networks — Purchase commitment, to be paid, 2027

Similar metrics at other companies

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$4.55M-31.3%

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$0-100%

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$315M0.0%

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$0-100%

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:PurchaseObligationDueInNextTwelveMonths.

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 — purchase commitment, to be paid, 2027?: Sphere Entertainment (SPHR) reported MSG networks — purchase commitment, to be paid, 2027 of $17.15M in Q1 2026.
What does MSG networks — purchase commitment, to be paid, 2027 mean?: Represents the total value of legally binding purchase agreements for the MSG Networks segment scheduled for payment in the specified calendar year. This provides insight into the segment's medium-term cost structure and the predictability of its operational expenditures. Investors use this to forecast cash outflows and assess the sustainability of content-related investments.