What does MSG networks — revenues from subleases mean?

Captures income derived from subleasing real estate or infrastructure assets held by the segment to third parties. This metric highlights the segment's ability to monetize underutilized physical assets. It provides insight into secondary revenue streams outside of core media operations.

Sphere Entertainment SPHR MSG Networks — Revenues from subleases

Similar metrics at other companies

CHE

CHESublease Income

$31K-13.9%

OWLNet lease — Revenue

$65.38M+39.6%

OVVUsa Operations — Sublease Rental Revenues

$0—

MDLNSublease Income

$3M+20.0%

OVVCanadian Operations — Sublease Rental Revenues

$0—

OVVSublease Rental Revenues

$18M0.0%

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:SubleaseIncome.

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 — revenues from subleases?: Sphere Entertainment (SPHR) reported MSG networks — revenues from subleases of $0 in Q1 2026.
What does MSG networks — revenues from subleases mean?: Captures income derived from subleasing real estate or infrastructure assets held by the segment to third parties. This metric highlights the segment's ability to monetize underutilized physical assets. It provides insight into secondary revenue streams outside of core media operations.