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

Other segment segments

Sphere

$0—

Similar metrics at other companies

GHC

GHCTelevision Broadcasting — Long-term Purchase Commitment, Amount

$4.55M-31.3%

VSNTFuture minimum commitments for licensed content

$110M—

PSXPurchase commitments, Due in 2027

$315M0.0%

IMOPurchase commitments, Due in 2027

$0-100%

VSNT2028

$76M—

NJRNJNG — 2028

$161.26M-18.2%

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:PurchaseObligationDueInSecondYear.

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, 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.