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Sphere Entertainment SPHR Sphere — Overhead expenses

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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:CostOfGoodsAndServicesSoldOverhead.

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
Rights fee expense50,64650,646
Network programming and production costs19,77519,775
Other direct operating expenses (a)4,8004,800
Overhead expenses(b)106,59615,107121,703
Other segment expenses(c)85,0262,83487,860
Operating (loss) income$(24,883)$32,085$7,202
Other income (expense):
Loss on extinguishment of debt(2,071)

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's sphere — overhead expenses?
Sphere Entertainment (SPHR) reported sphere — overhead expenses of $106.6M in Q1 2026.
How has Sphere Entertainment's sphere — overhead expenses changed year-over-year?
Sphere Entertainment's sphere — overhead expenses increased by 10.6% year-over-year, from $96.4M to $106.6M.
What is the long-term trend for Sphere Entertainment's sphere — overhead expenses?
Over 2 years (2023 to 2025), Sphere Entertainment's sphere — overhead expenses has grown at a 9.4% compound annual growth rate (CAGR), from $325.66M to $389.59M.
What does sphere — overhead expenses mean?
Reflects the fixed administrative and general costs required to support the segment's infrastructure, such as management salaries, office facilities, and corporate support. These costs are generally independent of specific event volume or production output. Managing these expenses is vital for achieving long-term profitability and operational leverage.

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