Sphere Entertainment Co.SPHREarnings & Financial Report
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.
Revenue
$313.4M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-173.2M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-55.3%
YoY Growth
97.2%
EPS
$-4.91
Sphere Entertainment Co. Q4 FY2023 Financial Summary
Sphere Entertainment Co. reported revenue of $313.4M (up 97.2% YoY) for Q4 FY2023, with a net profit of $-173.2M (-55.3% margin).
Key Financial Metrics
| Total Revenue | $313.4M |
|---|---|
| Net Profit | $-173.2M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2023 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2023 | $720.5M |
Sphere Entertainment Co. Quarterly Revenue & Net Profit History
Sphere Entertainment Co. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $393.8M | — | $64.7M | 16.4% |
| Q3 FY2025 | $262.1M | +15.4% | $-101.2M | -38.6% |
| Q2 FY2025 | $282.2M | +3.5% | $151.8M | 53.8% |
| Q1 FY2025 | $280.1M | -12.6% | $-82.0M | -29.3% |
| Q3 FY2024 | $227.1M | +93.7% | $-105.3M | -46.4% |
| Q2 FY2024 | $272.6M | +112.3% | $-46.6M | -17.1% |
| Q1 FY2024 | $320.6M | +98.6% | $-47.2M | -14.7% |
| Q4 FY2023 | $313.4M | +97.2% | $-173.2M | -55.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $313.4M | $320.6M | $272.6M | $227.1M | $280.1M | $282.2M | $262.1M | $393.8M |
| YoY Growth | 97.2% | 98.6% | 112.3% | 93.7% | -12.6% | 3.5% | 15.4% | N/A |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.88B | $4.87B | N/A | $4.59B | $4.45B | $4.20B | $4.14B | $4.21B |
| Liabilities | $2.42B | $2.43B | N/A | $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 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $46.4M | $101.0M | $-72.4M | $34.1M | $6.3M | $-59.1M | $115.8M | $180.2M |