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Sphere Entertainment Co.

Sphere Entertainment Co.SPHREarnings & Financial Report

NYSE

Sphere Entertainment Co. is an American entertainment holding company based in New York City, and controlled by the family of Charles Dolan. It owns the Sphere event venue in Paradise, Nevada, in the Las Vegas Valley and New York-based regional sports network chain MSG Networks.

SPHR Q4 2025 Key Financial Metrics

Revenue

$393.8M

Gross Profit

N/A

Operating Profit

$28.9M

Net Profit

$64.7M

Gross Margin

N/A

Operating Margin

7.3%

Net Margin

16.4%

YoY Growth

N/A

EPS

$2.42

Financial Flow

Sphere Entertainment Co. Q4 2025 Financial Summary

Sphere Entertainment Co. reported revenue of $393.8M for Q4 2025, with a net profit of $64.7M (16.4% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$393.8M
Net Profit$64.7M
Gross MarginN/A
Operating Margin7.3%
Report PeriodQ4 2025

Sphere Entertainment Co. Annual Revenue by Year

Sphere Entertainment Co. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).

YearAnnual Revenue
2025$1.2B
2023$-5.5M
2022$1.9B

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q1 2025Q2 2025Q3 2025Q4 2025
Revenue$313.4M$320.6M$272.6M$227.1M$280.1M$282.2M$262.1M$393.8M
YoY Growth-48.5%-3.0%135.5%93.7%-12.6%3.5%15.4%N/A

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q1 2025Q2 2025Q3 2025Q4 2025
Assets$4.88B$4.87B$4.79B$4.59B$4.45B$4.20B$4.14B$4.21B
Liabilities$2.42B$2.43B$2.37B$2.28B$2.31B$1.89B$1.98B$1.98B
Equity$2.47B$2.44B$2.42B$2.31B$2.14B$2.31B$2.16B$2.23B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q1 2025Q2 2025Q3 2025Q4 2025
Operating CF$46.4M$101.0M$-72.4M$34.1M$6.3M$-59.1M$115.8M$180.2M