Sphere Entertainment Co. (SPHR) 10-Year Financial Performance & Capital Metrics

SPHR • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

AboutSphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.Show more

Revenue $1.03B
EBITDA $33M +139.5%
Net Income -$201M
EPS (Diluted) -5.68
Gross Margin 21.67% -53.5%
EBITDA Margin 3.26% +139.5%
Operating Margin -21.72% +34.7%
Net Margin -19.54%
ROE -8.31% -3.5%
ROIC -4.96% +30.8%
Debt/Equity 0.63
Interest Coverage -2.79 +34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 94 (top 6%)
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 6.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-6.49%

3Y18.96%

TTM7.07%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM19.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM6.01%

ROCE

10Y Avg-2.38%

5Y Avg-4.71%

3Y Avg-7.19%

Latest-6.53%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Sales/Revenue+	1.12B	711.02M	988.99M	1.05B	1.44B	647.51M	610.05M	573.83M	1.03B	1.03B
Revenue Growth %	-	-0.36%	0.39%	0.06%	0.37%	-0.55%	-0.06%	-0.06%	0.79%	0%
Cost of Goods Sold+	737.86M	517.08M	635.22M	670.64M	790.5M	262.86M	320.28M	342.21M	542.1M	804.32M
COGS % of Revenue	0.66%	0.73%	0.64%	0.64%	0.55%	0.41%	0.52%	0.6%	0.53%	0.78%
Gross Profit+	377.45M	193.94M	353.77M	378.27M	645.52M	384.65M	289.78M	231.62M	479.06M	222.57M
Gross Margin %	0.34%	0.27%	0.36%	0.36%	0.45%	0.59%	0.48%	0.4%	0.47%	0.22%
Gross Profit Growth %	-	-0.49%	0.82%	0.07%	0.71%	-0.4%	-0.25%	-0.2%	1.07%	-0.54%
Operating Expenses+	459.2M	292.35M	385.05M	423.87M	545.27M	320.14M	455.51M	504.66M	820.31M	820.31M
OpEx % of Revenue	0.41%	0.41%	0.39%	0.4%	0.38%	0.49%	0.75%	0.88%	0.8%	0.8%
Selling, General & Admin	333.6M	194.28M	273M	314.52M	433.21M	295.47M	419.79M	452.14M	380.78M	380.78M
SG&A % of Revenue	0.3%	0.27%	0.28%	0.3%	0.3%	0.46%	0.69%	0.79%	0.37%	0.37%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-1.72M	-3.1M	-3.13M	112.06M	24.67M	35.72M	52.52M	439.52M	439.52M
Operating Income+	-58.63M	-98.41M	-31.28M	-45.6M	235.21M	64.51M	-165.74M	-273.04M	-341.24M	-223M
Operating Margin %	-0.05%	-0.14%	-0.03%	-0.04%	0.16%	0.1%	-0.27%	-0.48%	-0.33%	-0.22%
Operating Income Growth %	-	-0.68%	0.68%	-0.46%	6.16%	-0.73%	-3.57%	-0.65%	-0.25%	0.35%
EBITDA+	43.85M	-337K	80.78M	63.75M	340.11M	186.51M	-14.44M	-142.86M	-84.75M	33.49M
EBITDA Margin %	0.04%	-0%	0.08%	0.06%	0.24%	0.29%	-0.02%	-0.25%	-0.08%	0.03%
EBITDA Growth %	-	-1.01%	240.69%	-0.21%	4.34%	-0.45%	-1.08%	-8.9%	0.41%	1.4%
D&A (Non-Cash Add-back)	102.48M	98.07M	112.06M	109.34M	104.9M	122M	151.3M	130.19M	256.49M	256.49M
EBIT	-58.63M	-118.5M	-16.79M	-14.43M	288.07M	-140.37M	-167.68M	275.43M	-280.36M	-280.36M
Net Interest Income+	0	9.83M	9.2M	24.58M	-17.1M	-17.05M	3.58M	11.59M	-54.18M	-54.18M
Interest Income	4.75M	11.76M	21.35M	30.16M	22.23M	3.17M	3.58M	11.59M	25.69M	25.69M
Interest Expense	0	1.93M	12.15M	5.59M	36.56M	20.22M	0	0	79.87M	79.87M
Other Income/Expense	-18.36M	-22.02M	2.34M	15.9M	16.29M	-20.98M	-1.94M	548.47M	-18.98M	-137.22M
Pretax Income+	-76.99M	-120.42M	-28.94M	-20.02M	251.5M	43.53M	-167.68M	275.43M	-360.23M	-360.23M
Pretax Margin %	-0.07%	-0.17%	-0.03%	-0.02%	0.18%	0.07%	-0.27%	0.48%	-0.35%	-0.35%
Income Tax+	297K	-7.81M	-30.83M	443K	101.69M	38.91M	-29.83M	103.4M	-135.59M	-135.59M
Effective Tax Rate %	1%	0.9%	-0.24%	0.41%	0.72%	-3.4%	1.16%	1.83%	0.56%	0.56%
Net Income+	-77.29M	-108.55M	6.9M	-8.22M	181.73M	-148.15M	-194.4M	502.77M	-200.65M	-200.65M
Net Margin %	-0.07%	-0.15%	0.01%	-0.01%	0.13%	-0.23%	-0.32%	0.88%	-0.2%	-0.2%
Net Income Growth %	-	-0.4%	1.06%	-2.19%	23.11%	-1.82%	-0.31%	3.59%	-1.4%	0%
Net Income (Continuing)	-77.29M	-112.61M	1.89M	-20.46M	149.81M	4.62M	-137.85M	172.03M	-224.63M	-224.63M
Discontinued Operations	0	0	0	0	0	-152.77M	-52.3M	333.65M	23.98M	23.98M
Minority Interest	0	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0
EPS (Diluted)+	-3.12	-4.57	0.29	-0.34	0.80	-4.35	-5.67	14.39	-5.68	-5.68
EPS Growth %	-	-0.46%	1.06%	-2.17%	3.35%	-6.44%	-0.3%	3.54%	-1.39%	0%
EPS (Basic)	-3.12	-4.57	0.29	-0.34	0.80	-4.35	-5.67	14.51	-5.68	-5.68
Diluted Shares Outstanding	24.75M	23.77M	23.99M	23.99M	24.02M	34.08M	34.26M	34.93M	35.3M	35.86M
Basic Shares Outstanding	24.75M	23.77M	23.99M	23.99M	24M	34.08M	34.26M	34.65M	35.3M	35.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.24%	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Total Current Assets+	1.6B	1.45B	1.35B	1.35B	1.43B	1.87B	1.22B	623.91M	865.7M	865.7M
Cash & Short-Term Investments	1.44B	1.24B	1.23B	1.19B	1.24B	1.52B	747.31M	131.97M	559.76M	559.76M
Cash Only	1.44B	1.24B	1.23B	1.08B	906.55M	1.52B	747.31M	131.97M	559.76M	559.76M
Short-Term Investments	0	0	0	108.42M	337.19M	0	0	0	0	0
Accounts Receivable	76M	102.08M	82.42M	87.92M	61.03M	196.59M	126.36M	160.17M	241.47M	180.35M
Days Sales Outstanding	24.87	52.4	30.42	30.59	15.51	110.82	75.6	101.88	85.83	64.11
Inventory	0	0	18.38M	34.08M	79.88M	101.44M	339.11M	327.12M	11.89M	12.58M
Days Inventory Outstanding	-	-	10.56	18.55	36.88	140.85	386.46	348.91	8.01	5.71
Other Current Assets	56.51M	86.17M	33.61M	44.29M	-20.28M	-12.54M	-9.28M	-18.79M	21.71M	80.62M
Total Non-Current Assets+	1.94B	2.26B	1.93B	1.97B	2.31B	3.42B	4.3B	4.35B	3.92B	3.92B
Property, Plant & Equipment	1.16B	1.16B	1.23B	1.35B	1.88B	2.44B	2.22B	3.39B	3.26B	3.13B
Fixed Asset Turnover	0.96x	0.61x	0.81x	0.78x	0.76x	0.27x	0.27x	0.17x	0.31x	0.33x
Goodwill	277.17M	380.09M	165.56M	165.56M	74.31M	502.19M	456.81M	456.81M	470.15M	410.17M
Intangible Assets	182.58M	423.82M	297.95M	279.81M	214.23M	262.07M	21.02M	17.91M	31.94M	28.38M
Long-Term Investments	263.55M	242.29M	209.95M	84.56M	52.62M	49.22M	40.3M	394.52M	30.73M	36.82M
Other Non-Current Assets	56.2M	57.55M	-14.15M	37.02M	-13.71M	-77.78M	1.33B	-5.17M	124.49M	317.18M
Total Assets+	3.54B	3.71B	3.29B	3.32B	3.73B	5.29B	5.52B	4.97B	4.79B	4.79B
Asset Turnover	0.31x	0.19x	0.30x	0.32x	0.38x	0.12x	0.11x	0.12x	0.21x	0.21x
Asset Growth %	-	0.05%	-0.11%	0.01%	0.13%	0.42%	0.04%	-0.1%	-0.04%	0%
Total Current Liabilities+	614.82M	762.04M	483.86M	474.05M	509.97M	729.87M	961.1M	692.14M	1.37B	1.37B
Accounts Payable	13.94M	24.08M	28.29M	23.97M	17.26M	26.64M	2.01M	39.65M	18.88M	33.61M
Days Payables Outstanding	6.89	17	16.25	13.05	7.97	37	2.3	42.29	12.71	15.25
Short-Term Debt	0	0	4.37M	6.04M	5.43M	53.97M	66M	82.5M	849.44M	849.44M
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	347.69M	407.76M	151.12M	155.83M	157.33M	0	607.56M	118.22M	320.65M	245.87M
Current Ratio	2.61x	1.90x	2.80x	2.84x	2.80x	2.57x	1.27x	0.90x	0.63x	0.63x
Quick Ratio	2.61x	1.90x	2.76x	2.77x	2.64x	2.43x	0.92x	0.43x	0.62x	0.62x
Cash Conversion Cycle	-	-	24.73	36.09	44.43	214.67	459.77	408.49	81.13	54.56
Total Non-Current Liabilities+	0	450.22M	237.61M	188.25M	334.8M	2.24B	2.4B	1.7B	998.66M	998.66M
Long-Term Debt	0	105.43M	101.33M	48.56M	28.13M	1.65B	929.53M	1.12B	522.74M	522.74M
Capital Lease Obligations	0	0	0	0	174.22M	233.56M	84.42M	110.26M	128.02M	128.02M
Deferred Tax Liabilities	0	0	23.34M	22.97M	12.45M	200.32M	144.39M	379.55M	225.17M	225.17M
Other Non-Current Liabilities	0	344.79M	72.89M	82.5M	78.28M	157.26M	1.24B	88.81M	122.74M	122.74M
Total Liabilities	614.82M	1.21B	721.47M	662.29M	844.77M	2.97B	3.36B	2.39B	2.37B	2.37B
Total Debt+	0	105.43M	105.7M	54.6M	261.16M	2.01B	1.09B	1.32B	1.52B	1.52B
Net Debt	-1.44B	-1.13B	-1.12B	-1.03B	-645.39M	494.59M	339.19M	1.19B	958.99M	958.99M
Debt / Equity	-	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x
Debt / EBITDA	-	-	1.31x	0.86x	0.77x	10.79x	-	-	-	45.34x
Net Debt / EBITDA	-32.94x	-	-13.86x	-16.12x	-1.90x	2.65x	-	-	-	28.63x
Interest Coverage	-	-51.09x	-2.57x	-8.16x	6.43x	3.19x	-	-	-4.27x	-2.79x
Total Equity+	2.59B	2.5B	2.57B	2.65B	2.89B	2.32B	2.16B	2.58B	2.42B	2.42B
Equity Growth %	-	-0.03%	0.03%	0.03%	0.09%	-0.2%	-0.07%	0.2%	-0.07%	0%
Book Value per Share	104.48	105.21	106.96	110.60	120.28	68.03	63.04	73.97	68.43	67.36
Total Shareholders' Equity	2.59B	2.41B	2.48B	2.57B	2.86B	2.17B	1.96B	2.58B	2.42B	2.42B
Common Stock	249K	249K	2.53B	2.62B	240K	340K	342K	347K	354K	354K
Retained Earnings	-75.69M	-148.41M	-46.92M	0	142.3M	-96.34M	-290.74M	212.04M	11.39M	11.39M
Treasury Stock	-101.88M	-242.08M	0	0	0	0	0	0	0	0
Accumulated OCI	-42.61M	-34.12M	-46.92M	-46.92M	-51.86M	-30.27M	-48.35M	-4.94M	-6.57M	-6.57M
Minority Interest	0	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Cash from Operations+	125.78M	96.31M	144.38M	101.4M	308.12M	-58.69M	141.34M	153.59M	-19.66M	-19.66M
Operating CF Margin %	0.11%	0.14%	0.15%	0.1%	0.21%	-0.09%	0.23%	0.27%	-0.02%	-0.02%
Operating CF Growth %	-	-0.23%	0.5%	-0.3%	2.04%	-1.19%	3.41%	0.09%	-1.13%	0%
Net Income	-77.29M	-112.61M	1.89M	-20.46M	149.81M	-166.52M	-190.15M	505.68M	-200.65M	-462.47M
Depreciation & Amortization	102.48M	98.07M	112.06M	109.34M	112.06M	122M	124.63M	103.38M	256.49M	365.43M
Stock-Based Compensation	24.48M	22.18M	27.29M	35.4M	61.42M	70.58M	77.14M	62.66M	48.01M	68.19M
Deferred Taxes	0	-7.81M	-31.27M	-371K	8.7M	-71.36M	-31.27M	123.47M	-132.54M	0
Other Non-Cash Items	76.12M	71.88M	6.38M	579K	-11.48M	-16.42M	124.49M	-742.18M	168.54M	168.7M
Working Capital Changes	0	24.61M	28.04M	-23.09M	-12.39M	3.02M	36.5M	100.6M	-159.51M	-159.51M
Change in Receivables	0	-16.39M	-4.07M	-345K	17.97M	-18.63M	-30.75M	7.1M	-115.1M	-115.1M
Change in Inventory	0	35.95M	6.63M	-26.45M	-31.95M	20.41M	42.61M	-117.28M	0	0
Change in Payables	0	2.02M	5.31M	-4.31M	-6.23M	-5.27M	6.62M	117.28M	-28.06M	-28.06M
Cash from Investing+	-115.69M	-260.06M	-169.62M	-237.74M	-394.53M	-123.18M	-804.16M	-653.92M	-45.18M	-45.18M
Capital Expenditures	0	-41.83M	-187.36M	-193.68M	-457.3M	-456.01M	-756.72M	-1.06B	-264.7M	-97.88M
CapEx % of Revenue	-	0.06%	0.19%	0.18%	0.32%	0.7%	1.24%	1.85%	0.26%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-115.69M	-37.36M	35.1M	-130.16M	62.59M	-484.57M	-48.51M	-1.18B	228.94M	55.22M
Cash from Financing+	1.42B	-38.63M	15.36M	-8.62M	-113.87M	592.68M	-30.39M	85.54M	209.73M	209.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.77M	-2.26M	-121.51M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.42B	-38.63M	16.04M	47.72M	135.91M	3.91M	-35.58M	-4.12M	-17.57M	11.55M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	125.78M	54.48M	-42.98M	-92.28M	-149.18M	-514.7M	-615.38M	-905.39M	-309.41M	-309.41M
FCF Margin %	0.11%	0.08%	-0.04%	-0.09%	-0.1%	-0.79%	-1.01%	-1.58%	-0.3%	-0.3%
FCF Growth %	-	-0.57%	-1.79%	-1.15%	-0.62%	-2.45%	-0.2%	-0.47%	0.66%	0%
FCF per Share	5.08	2.29	-1.79	-3.85	-6.21	-15.10	-17.96	-25.92	-8.76	-8.63
FCF Conversion (FCF/Net Income)	-1.63x	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x
Interest Paid	0	0	0	0	0	0	0	0	0	106.06M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.99%	-4.27%	0.27%	-0.31%	6.56%	-5.69%	-8.68%	21.2%	-8.03%	-8.31%
Return on Invested Capital (ROIC)	-3.85%	-5.88%	-1.67%	-2.23%	9.12%	1.91%	-4.68%	-6.53%	-7.16%	-4.96%
Gross Margin	33.84%	27.28%	35.77%	36.06%	44.95%	59.4%	47.5%	40.36%	46.65%	21.67%
Net Margin	-6.93%	-15.27%	0.7%	-0.78%	12.66%	-22.88%	-31.87%	87.62%	-19.54%	-19.54%
Debt / Equity	-	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x
Interest Coverage	-	-51.09x	-2.57x	-8.16x	6.43x	3.19x	-	-	-4.27x	-2.79x
FCF Conversion	-1.63x	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x
Revenue Growth	-	-36.25%	39.09%	6.06%	36.91%	-54.91%	-5.78%	-5.94%	78.95%	0%

Revenue by Segment

	2023
Media Networks Revenue	529.73M
Media Networks Revenue Growth	-
Ticketing And Venue License Fee Revenues	340.26M
Ticketing And Venue License Fee Revenues Growth	-
Food, Beverage And Merchandise Revenues	66.7M
Food, Beverage And Merchandise Revenues Growth	-

Frequently Asked Questions

Growth & Financials

Sphere Entertainment Co. (SPHR) reported $1.10B in revenue for fiscal year 2024. This represents a 1% decrease from $1.12B in 2015.

Sphere Entertainment Co. (SPHR) grew revenue by 0.0% over the past year. Growth has been modest.

Sphere Entertainment Co. (SPHR) reported a net loss of $161.4M for fiscal year 2024.

Dividend & Returns

Sphere Entertainment Co. (SPHR) has a return on equity (ROE) of -8.3%. Negative ROE indicates the company is unprofitable.

Sphere Entertainment Co. (SPHR) had negative free cash flow of $44.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Sphere Entertainment Co. (SPHR) 10-Year Financial Performance & Capital Metrics

SPHR • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

Revenue $1.03B
EBITDA $33M +139.5%
Net Income -$201M
EPS (Diluted) -5.68
Gross Margin 21.67% -53.5%
EBITDA Margin 3.26% +139.5%
Operating Margin -21.72% +34.7%
Net Margin -19.54%
ROE -8.31% -3.5%
ROIC -4.96% +30.8%
Debt/Equity 0.63
Interest Coverage -2.79 +34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 94 (top 6%)
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 6.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-6.49%

3Y18.96%

TTM7.07%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM19.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM6.01%

ROCE

10Y Avg-2.38%

5Y Avg-4.71%

3Y Avg-7.19%

Latest-6.53%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Sales/Revenue+	1.12B	711.02M	988.99M	1.05B	1.44B	647.51M	610.05M	573.83M	1.03B	1.03B
Revenue Growth %	-	-0.36%	0.39%	0.06%	0.37%	-0.55%	-0.06%	-0.06%	0.79%	0%
Cost of Goods Sold+	737.86M	517.08M	635.22M	670.64M	790.5M	262.86M	320.28M	342.21M	542.1M	804.32M
COGS % of Revenue	0.66%	0.73%	0.64%	0.64%	0.55%	0.41%	0.52%	0.6%	0.53%	0.78%
Gross Profit+	377.45M	193.94M	353.77M	378.27M	645.52M	384.65M	289.78M	231.62M	479.06M	222.57M
Gross Margin %	0.34%	0.27%	0.36%	0.36%	0.45%	0.59%	0.48%	0.4%	0.47%	0.22%
Gross Profit Growth %	-	-0.49%	0.82%	0.07%	0.71%	-0.4%	-0.25%	-0.2%	1.07%	-0.54%
Operating Expenses+	459.2M	292.35M	385.05M	423.87M	545.27M	320.14M	455.51M	504.66M	820.31M	820.31M
OpEx % of Revenue	0.41%	0.41%	0.39%	0.4%	0.38%	0.49%	0.75%	0.88%	0.8%	0.8%
Selling, General & Admin	333.6M	194.28M	273M	314.52M	433.21M	295.47M	419.79M	452.14M	380.78M	380.78M
SG&A % of Revenue	0.3%	0.27%	0.28%	0.3%	0.3%	0.46%	0.69%	0.79%	0.37%	0.37%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-1.72M	-3.1M	-3.13M	112.06M	24.67M	35.72M	52.52M	439.52M	439.52M
Operating Income+	-58.63M	-98.41M	-31.28M	-45.6M	235.21M	64.51M	-165.74M	-273.04M	-341.24M	-223M
Operating Margin %	-0.05%	-0.14%	-0.03%	-0.04%	0.16%	0.1%	-0.27%	-0.48%	-0.33%	-0.22%
Operating Income Growth %	-	-0.68%	0.68%	-0.46%	6.16%	-0.73%	-3.57%	-0.65%	-0.25%	0.35%
EBITDA+	43.85M	-337K	80.78M	63.75M	340.11M	186.51M	-14.44M	-142.86M	-84.75M	33.49M
EBITDA Margin %	0.04%	-0%	0.08%	0.06%	0.24%	0.29%	-0.02%	-0.25%	-0.08%	0.03%
EBITDA Growth %	-	-1.01%	240.69%	-0.21%	4.34%	-0.45%	-1.08%	-8.9%	0.41%	1.4%
D&A (Non-Cash Add-back)	102.48M	98.07M	112.06M	109.34M	104.9M	122M	151.3M	130.19M	256.49M	256.49M
EBIT	-58.63M	-118.5M	-16.79M	-14.43M	288.07M	-140.37M	-167.68M	275.43M	-280.36M	-280.36M
Net Interest Income+	0	9.83M	9.2M	24.58M	-17.1M	-17.05M	3.58M	11.59M	-54.18M	-54.18M
Interest Income	4.75M	11.76M	21.35M	30.16M	22.23M	3.17M	3.58M	11.59M	25.69M	25.69M
Interest Expense	0	1.93M	12.15M	5.59M	36.56M	20.22M	0	0	79.87M	79.87M
Other Income/Expense	-18.36M	-22.02M	2.34M	15.9M	16.29M	-20.98M	-1.94M	548.47M	-18.98M	-137.22M
Pretax Income+	-76.99M	-120.42M	-28.94M	-20.02M	251.5M	43.53M	-167.68M	275.43M	-360.23M	-360.23M
Pretax Margin %	-0.07%	-0.17%	-0.03%	-0.02%	0.18%	0.07%	-0.27%	0.48%	-0.35%	-0.35%
Income Tax+	297K	-7.81M	-30.83M	443K	101.69M	38.91M	-29.83M	103.4M	-135.59M	-135.59M
Effective Tax Rate %	1%	0.9%	-0.24%	0.41%	0.72%	-3.4%	1.16%	1.83%	0.56%	0.56%
Net Income+	-77.29M	-108.55M	6.9M	-8.22M	181.73M	-148.15M	-194.4M	502.77M	-200.65M	-200.65M
Net Margin %	-0.07%	-0.15%	0.01%	-0.01%	0.13%	-0.23%	-0.32%	0.88%	-0.2%	-0.2%
Net Income Growth %	-	-0.4%	1.06%	-2.19%	23.11%	-1.82%	-0.31%	3.59%	-1.4%	0%
Net Income (Continuing)	-77.29M	-112.61M	1.89M	-20.46M	149.81M	4.62M	-137.85M	172.03M	-224.63M	-224.63M
Discontinued Operations	0	0	0	0	0	-152.77M	-52.3M	333.65M	23.98M	23.98M
Minority Interest	0	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0
EPS (Diluted)+	-3.12	-4.57	0.29	-0.34	0.80	-4.35	-5.67	14.39	-5.68	-5.68
EPS Growth %	-	-0.46%	1.06%	-2.17%	3.35%	-6.44%	-0.3%	3.54%	-1.39%	0%
EPS (Basic)	-3.12	-4.57	0.29	-0.34	0.80	-4.35	-5.67	14.51	-5.68	-5.68
Diluted Shares Outstanding	24.75M	23.77M	23.99M	23.99M	24.02M	34.08M	34.26M	34.93M	35.3M	35.86M
Basic Shares Outstanding	24.75M	23.77M	23.99M	23.99M	24M	34.08M	34.26M	34.65M	35.3M	35.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.24%	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Total Current Assets+	1.6B	1.45B	1.35B	1.35B	1.43B	1.87B	1.22B	623.91M	865.7M	865.7M
Cash & Short-Term Investments	1.44B	1.24B	1.23B	1.19B	1.24B	1.52B	747.31M	131.97M	559.76M	559.76M
Cash Only	1.44B	1.24B	1.23B	1.08B	906.55M	1.52B	747.31M	131.97M	559.76M	559.76M
Short-Term Investments	0	0	0	108.42M	337.19M	0	0	0	0	0
Accounts Receivable	76M	102.08M	82.42M	87.92M	61.03M	196.59M	126.36M	160.17M	241.47M	180.35M
Days Sales Outstanding	24.87	52.4	30.42	30.59	15.51	110.82	75.6	101.88	85.83	64.11
Inventory	0	0	18.38M	34.08M	79.88M	101.44M	339.11M	327.12M	11.89M	12.58M
Days Inventory Outstanding	-	-	10.56	18.55	36.88	140.85	386.46	348.91	8.01	5.71
Other Current Assets	56.51M	86.17M	33.61M	44.29M	-20.28M	-12.54M	-9.28M	-18.79M	21.71M	80.62M
Total Non-Current Assets+	1.94B	2.26B	1.93B	1.97B	2.31B	3.42B	4.3B	4.35B	3.92B	3.92B
Property, Plant & Equipment	1.16B	1.16B	1.23B	1.35B	1.88B	2.44B	2.22B	3.39B	3.26B	3.13B
Fixed Asset Turnover	0.96x	0.61x	0.81x	0.78x	0.76x	0.27x	0.27x	0.17x	0.31x	0.33x
Goodwill	277.17M	380.09M	165.56M	165.56M	74.31M	502.19M	456.81M	456.81M	470.15M	410.17M
Intangible Assets	182.58M	423.82M	297.95M	279.81M	214.23M	262.07M	21.02M	17.91M	31.94M	28.38M
Long-Term Investments	263.55M	242.29M	209.95M	84.56M	52.62M	49.22M	40.3M	394.52M	30.73M	36.82M
Other Non-Current Assets	56.2M	57.55M	-14.15M	37.02M	-13.71M	-77.78M	1.33B	-5.17M	124.49M	317.18M
Total Assets+	3.54B	3.71B	3.29B	3.32B	3.73B	5.29B	5.52B	4.97B	4.79B	4.79B
Asset Turnover	0.31x	0.19x	0.30x	0.32x	0.38x	0.12x	0.11x	0.12x	0.21x	0.21x
Asset Growth %	-	0.05%	-0.11%	0.01%	0.13%	0.42%	0.04%	-0.1%	-0.04%	0%
Total Current Liabilities+	614.82M	762.04M	483.86M	474.05M	509.97M	729.87M	961.1M	692.14M	1.37B	1.37B
Accounts Payable	13.94M	24.08M	28.29M	23.97M	17.26M	26.64M	2.01M	39.65M	18.88M	33.61M
Days Payables Outstanding	6.89	17	16.25	13.05	7.97	37	2.3	42.29	12.71	15.25
Short-Term Debt	0	0	4.37M	6.04M	5.43M	53.97M	66M	82.5M	849.44M	849.44M
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	347.69M	407.76M	151.12M	155.83M	157.33M	0	607.56M	118.22M	320.65M	245.87M
Current Ratio	2.61x	1.90x	2.80x	2.84x	2.80x	2.57x	1.27x	0.90x	0.63x	0.63x
Quick Ratio	2.61x	1.90x	2.76x	2.77x	2.64x	2.43x	0.92x	0.43x	0.62x	0.62x
Cash Conversion Cycle	-	-	24.73	36.09	44.43	214.67	459.77	408.49	81.13	54.56
Total Non-Current Liabilities+	0	450.22M	237.61M	188.25M	334.8M	2.24B	2.4B	1.7B	998.66M	998.66M
Long-Term Debt	0	105.43M	101.33M	48.56M	28.13M	1.65B	929.53M	1.12B	522.74M	522.74M
Capital Lease Obligations	0	0	0	0	174.22M	233.56M	84.42M	110.26M	128.02M	128.02M
Deferred Tax Liabilities	0	0	23.34M	22.97M	12.45M	200.32M	144.39M	379.55M	225.17M	225.17M
Other Non-Current Liabilities	0	344.79M	72.89M	82.5M	78.28M	157.26M	1.24B	88.81M	122.74M	122.74M
Total Liabilities	614.82M	1.21B	721.47M	662.29M	844.77M	2.97B	3.36B	2.39B	2.37B	2.37B
Total Debt+	0	105.43M	105.7M	54.6M	261.16M	2.01B	1.09B	1.32B	1.52B	1.52B
Net Debt	-1.44B	-1.13B	-1.12B	-1.03B	-645.39M	494.59M	339.19M	1.19B	958.99M	958.99M
Debt / Equity	-	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x
Debt / EBITDA	-	-	1.31x	0.86x	0.77x	10.79x	-	-	-	45.34x
Net Debt / EBITDA	-32.94x	-	-13.86x	-16.12x	-1.90x	2.65x	-	-	-	28.63x
Interest Coverage	-	-51.09x	-2.57x	-8.16x	6.43x	3.19x	-	-	-4.27x	-2.79x
Total Equity+	2.59B	2.5B	2.57B	2.65B	2.89B	2.32B	2.16B	2.58B	2.42B	2.42B
Equity Growth %	-	-0.03%	0.03%	0.03%	0.09%	-0.2%	-0.07%	0.2%	-0.07%	0%
Book Value per Share	104.48	105.21	106.96	110.60	120.28	68.03	63.04	73.97	68.43	67.36
Total Shareholders' Equity	2.59B	2.41B	2.48B	2.57B	2.86B	2.17B	1.96B	2.58B	2.42B	2.42B
Common Stock	249K	249K	2.53B	2.62B	240K	340K	342K	347K	354K	354K
Retained Earnings	-75.69M	-148.41M	-46.92M	0	142.3M	-96.34M	-290.74M	212.04M	11.39M	11.39M
Treasury Stock	-101.88M	-242.08M	0	0	0	0	0	0	0	0
Accumulated OCI	-42.61M	-34.12M	-46.92M	-46.92M	-51.86M	-30.27M	-48.35M	-4.94M	-6.57M	-6.57M
Minority Interest	0	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Dec 2024
Cash from Operations+	125.78M	96.31M	144.38M	101.4M	308.12M	-58.69M	141.34M	153.59M	-19.66M	-19.66M
Operating CF Margin %	0.11%	0.14%	0.15%	0.1%	0.21%	-0.09%	0.23%	0.27%	-0.02%	-0.02%
Operating CF Growth %	-	-0.23%	0.5%	-0.3%	2.04%	-1.19%	3.41%	0.09%	-1.13%	0%
Net Income	-77.29M	-112.61M	1.89M	-20.46M	149.81M	-166.52M	-190.15M	505.68M	-200.65M	-462.47M
Depreciation & Amortization	102.48M	98.07M	112.06M	109.34M	112.06M	122M	124.63M	103.38M	256.49M	365.43M
Stock-Based Compensation	24.48M	22.18M	27.29M	35.4M	61.42M	70.58M	77.14M	62.66M	48.01M	68.19M
Deferred Taxes	0	-7.81M	-31.27M	-371K	8.7M	-71.36M	-31.27M	123.47M	-132.54M	0
Other Non-Cash Items	76.12M	71.88M	6.38M	579K	-11.48M	-16.42M	124.49M	-742.18M	168.54M	168.7M
Working Capital Changes	0	24.61M	28.04M	-23.09M	-12.39M	3.02M	36.5M	100.6M	-159.51M	-159.51M
Change in Receivables	0	-16.39M	-4.07M	-345K	17.97M	-18.63M	-30.75M	7.1M	-115.1M	-115.1M
Change in Inventory	0	35.95M	6.63M	-26.45M	-31.95M	20.41M	42.61M	-117.28M	0	0
Change in Payables	0	2.02M	5.31M	-4.31M	-6.23M	-5.27M	6.62M	117.28M	-28.06M	-28.06M
Cash from Investing+	-115.69M	-260.06M	-169.62M	-237.74M	-394.53M	-123.18M	-804.16M	-653.92M	-45.18M	-45.18M
Capital Expenditures	0	-41.83M	-187.36M	-193.68M	-457.3M	-456.01M	-756.72M	-1.06B	-264.7M	-97.88M
CapEx % of Revenue	-	0.06%	0.19%	0.18%	0.32%	0.7%	1.24%	1.85%	0.26%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-115.69M	-37.36M	35.1M	-130.16M	62.59M	-484.57M	-48.51M	-1.18B	228.94M	55.22M
Cash from Financing+	1.42B	-38.63M	15.36M	-8.62M	-113.87M	592.68M	-30.39M	85.54M	209.73M	209.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.77M	-2.26M	-121.51M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.42B	-38.63M	16.04M	47.72M	135.91M	3.91M	-35.58M	-4.12M	-17.57M	11.55M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	125.78M	54.48M	-42.98M	-92.28M	-149.18M	-514.7M	-615.38M	-905.39M	-309.41M	-309.41M
FCF Margin %	0.11%	0.08%	-0.04%	-0.09%	-0.1%	-0.79%	-1.01%	-1.58%	-0.3%	-0.3%
FCF Growth %	-	-0.57%	-1.79%	-1.15%	-0.62%	-2.45%	-0.2%	-0.47%	0.66%	0%
FCF per Share	5.08	2.29	-1.79	-3.85	-6.21	-15.10	-17.96	-25.92	-8.76	-8.63
FCF Conversion (FCF/Net Income)	-1.63x	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x
Interest Paid	0	0	0	0	0	0	0	0	0	106.06M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.99%	-4.27%	0.27%	-0.31%	6.56%	-5.69%	-8.68%	21.2%	-8.03%	-8.31%
Return on Invested Capital (ROIC)	-3.85%	-5.88%	-1.67%	-2.23%	9.12%	1.91%	-4.68%	-6.53%	-7.16%	-4.96%
Gross Margin	33.84%	27.28%	35.77%	36.06%	44.95%	59.4%	47.5%	40.36%	46.65%	21.67%
Net Margin	-6.93%	-15.27%	0.7%	-0.78%	12.66%	-22.88%	-31.87%	87.62%	-19.54%	-19.54%
Debt / Equity	-	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x
Interest Coverage	-	-51.09x	-2.57x	-8.16x	6.43x	3.19x	-	-	-4.27x	-2.79x
FCF Conversion	-1.63x	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x
Revenue Growth	-	-36.25%	39.09%	6.06%	36.91%	-54.91%	-5.78%	-5.94%	78.95%	0%

Revenue by Segment

	2023
Media Networks Revenue	529.73M
Media Networks Revenue Growth	-
Ticketing And Venue License Fee Revenues	340.26M
Ticketing And Venue License Fee Revenues Growth	-
Food, Beverage And Merchandise Revenues	66.7M
Food, Beverage And Merchandise Revenues Growth	-

Frequently Asked Questions

Growth & Financials

Sphere Entertainment Co. (SPHR) reported $1.10B in revenue for fiscal year 2024. This represents a 1% decrease from $1.12B in 2015.

Sphere Entertainment Co. (SPHR) grew revenue by 0.0% over the past year. Growth has been modest.

Sphere Entertainment Co. (SPHR) reported a net loss of $161.4M for fiscal year 2024.

Dividend & Returns

Sphere Entertainment Co. (SPHR) has a return on equity (ROE) of -8.3%. Negative ROE indicates the company is unprofitable.

Sphere Entertainment Co. (SPHR) had negative free cash flow of $44.0M in fiscal year 2024, likely due to heavy capital investments.