What does MSG networks — purchase commitment, to be paid, 2028 mean?

Indicates the contractual purchase obligations for the MSG Networks segment due for payment in the specified future year. This metric helps in modeling the long-term cost profile of the segment's programming and distribution rights. It allows stakeholders to evaluate the impact of multi-year contracts on future profitability.

Sphere Entertainment (SPHR) MSG Networks — Purchase commitment, to be paid, 2028

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Other segment segments

Sphere

$0—

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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$5.54B+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:PurchaseObligationDueInSecondYear.

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 item	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments	Commitments
Event-related commitments	$	$12,312	$	$15,000	$	—	$	—	$	—	$	—	$	$27,312
Letter of credit	916		—		—		—		—		—		916
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 commitments	21,244		17,149		4,085		559		—		—		43,037
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, 2028?: Sphere Entertainment (SPHR) reported MSG networks — purchase commitment, to be paid, 2028 of $4.09M in Q1 2026.
What does MSG networks — purchase commitment, to be paid, 2028 mean?: Indicates the contractual purchase obligations for the MSG Networks segment due for payment in the specified future year. This metric helps in modeling the long-term cost profile of the segment's programming and distribution rights. It allows stakeholders to evaluate the impact of multi-year contracts on future profitability.