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Sphere Entertainment SPHR MSG Networks — Total revenues from contracts with customers

Other segment segments

Sphere
$265.97M

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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$5.63B+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — total revenues from contracts with customers?
Sphere Entertainment (SPHR) reported MSG networks — total revenues from contracts with customers of $120.45M in Q1 2026.
How has Sphere Entertainment's MSG networks — total revenues from contracts with customers changed year-over-year?
Sphere Entertainment's MSG networks — total revenues from contracts with customers decreased by 2.1% year-over-year, from $123.03M to $120.45M.
What is the long-term trend for Sphere Entertainment's MSG networks — total revenues from contracts with customers?
Over 4 years (2021 to 2025), Sphere Entertainment's MSG networks — total revenues from contracts with customers has grown at a -9.3% compound annual growth rate (CAGR), from $647.51M to $438.63M.
What does MSG networks — total revenues from contracts with customers mean?
Represents the total gross revenue generated by the segment through contractual agreements with customers for the delivery of media and entertainment services. This figure serves as a primary indicator of the segment's market demand and top-line performance. It excludes non-operating income and reflects the core business activity of the reporting unit.