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Sphere Entertainment SPHR MSG Networks — Restructuring Charges
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Where this comes from
Reported directly by Sphere Entertainment in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCharges.
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 | Three Months Ended / Sphere | Three Months Ended / MSG Networks | Three Months Ended / Total |
|---|---|---|---|
| Adjustments: | |||
| Share-based compensation expense | 13,143 | 767 | 13,910 |
| Depreciation and amortization | 82,274 | 2,093 | 84,367 |
| Restructuring charges | 2,673 | 741 | 3,414 |
| Impairment and other losses, net | 79 | — | 79 |
| Merger, debt work-out, and acquisition related costs, net of insurance recoveries | 87 | — | 87 |
| Amortization for capitalized cloud computing arrangement costs | 917 | — | 917 |
| Adjusted operating income | $74,290 | $35,686 | $109,976 |
Item 1. Financial Statements
FAQ
- What is Sphere Entertainment's MSG networks — restructuring charges?
- Sphere Entertainment (SPHR) reported MSG networks — restructuring charges of $741K in Q1 2026.
- What does MSG networks — restructuring charges mean?
- Costs incurred by the MSG Networks segment related to organizational realignment, workforce reductions, or the consolidation of business operations. These charges are typically non-recurring and indicate management's efforts to improve operational efficiency or adapt to changing market conditions. High or frequent charges may signal underlying instability or a significant shift in business strategy.
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