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

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$30.8M

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$5.54B+262%
Enterprise value$5.85B+168%
P/E46.2×
P/S4.2×+2.6×

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 source filing: Sphere Entertainment’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 5:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030740
Line itemCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitmentsCommitments
Event-related commitments$$12,312$$15,000$$$$$$27,312
Letter of credit916916
Total Sphere Commitments$$13,228$$15,000$$$$$$28,228
MSG Networks
Broadcast rights$$150,596$$208,334$$201,493$$113,008$$26,262$$13,131$$712,824
Purchase commitments21,24417,1494,08555943,037
Total MSG Networks Commitments$$171,840$$225,483$$205,578$$113,567$$26,262$$13,131$$755,861
Total Commitments$$185,068$$240,483$$205,578$$113,567$$26,262$$13,131$$784,089

Item 1. Financial Statements

FAQ

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.

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