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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$5.54B+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemThree Months Ended / SphereThree Months Ended / MSG NetworksThree Months Ended / Total
Ticketing and venue license fee revenues (a)$198,304$198,304
Sponsorship, signage, Exosphere advertising, and suite license revenues (b)27,06527,065
Food, beverage, and merchandise revenues (c)33,71833,718
Media networks revenues (b)120,447120,447
Other6,4396,439
Total revenues from contracts with customers265,526120,447385,973
Revenues from subleases439439
Total revenues$265,965$120,447$386,412

Item 1. Financial Statements

FAQ

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.

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