How has Sphere Entertainment's sphere — event-related expenses changed year-over-year?

Sphere Entertainment's sphere — event-related expenses increased by 51.1% year-over-year, from $62.5M to $94.43M.

What does sphere — event-related expenses mean?

Includes all direct costs associated with the production, staging, and execution of live events and shows. Analyzing this metric relative to revenue helps determine the operational efficiency and profitability of the entertainment segment's core activities.

Sphere Entertainment (SPHR) Sphere — Event-related expenses

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Similar metrics at other companies

VENUEvent Center Expenses

$717.72K-0.9%

MSGSSingle Operating Segment — Marketing And Event-Related Expenses

$20.51M-4.5%

SUICatastrophic event-related charges, net

$300K-94.9%

CHDNRacing event-related services — Net revenue

$192M+11.3%

LFVNReportable — Events Expense

$347K-16.6%

MSGSEvent-related — Total revenues from contracts with customers

$162.64M-8.0%

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$5.54B+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

See full

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 sphr:EventRelatedExpenses.

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
Revenues	$265,965	$120,447	$386,412
Operating expenses:
Event-related expenses (a)	94,426	—	94,426
Rights fee expense	—	50,646	50,646
Network programming and production costs	—	19,775	19,775
Other direct operating expenses (a)	4,800	—	4,800
Overhead expenses(b)	106,596	15,107	121,703
Other segment expenses(c)	85,026	2,834	87,860

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's sphere — event-related expenses?: Sphere Entertainment (SPHR) reported sphere — event-related expenses of $94.43M in Q1 2026.
How has Sphere Entertainment's sphere — event-related expenses changed year-over-year?: Sphere Entertainment's sphere — event-related expenses increased by 51.1% year-over-year, from $62.5M to $94.43M.
What does sphere — event-related expenses mean?: Includes all direct costs associated with the production, staging, and execution of live events and shows. Analyzing this metric relative to revenue helps determine the operational efficiency and profitability of the entertainment segment's core activities.