Seeking Alpha·2d ago
Sphere Entertainment Co. (SPHR) Q3 2026 Earnings Call TranscriptSphere Entertainment Co. (SPHR) Q3 2026 Earnings Call Transcript
Sphere Entertainment is transitioning from a capital-intensive construction phase to an operational focus, evidenced by a significant reduction in total debt from $1.5 billion in 2024Q3 to $938.4 million in 2026Q3.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stabilized at 37.7% in 2026Q3, though gross margins remain volatile, fluctuating between a low of 34.3% and a peak of 58.6% over the last four quarters.
Sphere's Las Vegas venue offers unique, immersive shows and concerts, driving strong revenue growth and attracting high demand.
Q1 2026 results show significant revenue growth (US$386.41M vs. US$280.57M YoY) and narrowing net losses (US$1.59M vs. US$81.95M), signaling operational progress.
The Sphere segment surged 69% in revenue and generated US$74M in adjusted operating income, highlighting its high-growth potential.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | -$4.84-191.6% vs -$1.66 | $274M+1.7% vs $270M |
Q3 2026 Jul 30, 2026 | -$1.07+29.1% vs -$1.51 | $314M+2.0% vs $307M |
Q2 2026 May 5, 2026 | $0.01+103.2% vs -$0.31 | $386M+4.9% vs $368M |
Q1 2026 Feb 12, 2026 | $1.23+1125.0% vs -$0.12 | $394M+6.0% vs $372M |
Sphere Entertainment Co. (SPHR) Q3 2026 Earnings Call Transcript
Sphere Entertainment (SPHR) came out with a quarterly loss of $0.98 per share versus the Zacks Consensus Estimate of a loss of $1.79. This compares to a loss of $1.37 per share a year ago.
Although the revenue and EPS for Sphere Entertainment (SPHR) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (“Sphere Entertainment” or the “Company”) today reported financial results for the third quarter ended September 30, 2026. Recent highlights for the Company's Sphere segment include: In late September, the Company debuted enhanced and expanded 4D effects for The Wizard of Oz at Sphere, and announced that the production had exceeded half a billion dollars in ticket sales with over four million tickets sold since its debut in August.
Benchmark SPHR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Sphere Entertainment Co. (SPHR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $120.02 | $4.32B | 162.19 | 18.81% | 2.74% | 1.44% | — | |
| $175.25 | $40.78B | -730.21 | 8.83% | 0.51% | 9% | — | |
| $77.06 | $3.65B | -72.02 | -66.73% | 6.24% | 5.95% | — | |
| $8.30 | $12.55B | 12.38 | 37.63% | 4.72% | 26.21% | 4.94% | |
| $59.51 | $4.55B | 18.14 | 12.07% | 38.83% | 12.78% | 6.39% | |
| $116.75 | $202.74B | 17.04 | 3.35% | 8.7% | 7.47% | 0.85% |
Sphere Entertainment Co. (SPHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Sphere Entertainment Co. (SPHR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 12, 2026·SEC
May 5, 2026·SEC
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Sphere Entertainment Co. (SPHR) stock FAQ — growth, dividends, profitability & financials explained
Sphere Entertainment Co. (SPHR) reported $1.36B in revenue over the trailing twelve months. Revenue was $1.22B in fiscal year 2026. That is 9% more than the $1.12B of fiscal year 2015.
Sphere Entertainment Co. (SPHR) grew revenue by 18.8% in fiscal year 2026, compared with the prior fiscal year.
No. Sphere Entertainment Co. (SPHR) reported a net loss of $70.3M over the trailing twelve months.
Sphere Entertainment Co. (SPHR) had a return on equity (ROE) of 1.4% in fiscal year 2026. That is below the market's typical 10-15%.
Sphere Entertainment Co. (SPHR) generated $359.1M in free cash flow over the trailing twelve months.
