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Sphere Entertainment SPHR Sphere — Revenues from subleases

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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:SubleaseIncome.

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 sphere — revenues from subleases?
Sphere Entertainment (SPHR) reported sphere — revenues from subleases of $439K in Q1 2026.
How has Sphere Entertainment's sphere — revenues from subleases changed year-over-year?
Sphere Entertainment's sphere — revenues from subleases decreased by 12.9% year-over-year, from $504K to $439K.
What does sphere — revenues from subleases mean?
Refers to income generated by leasing out property or assets that the company itself leases from a third party. This provides insight into the company's ability to monetize underutilized space or secondary assets within its operational portfolio.

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