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. While the company has achieved a positive ope...
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 9/24/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Nov 4, 2025 | -$1.37+15.4% vs -$1.62 | $386M+4.9% vs $368M |
Sphere Entertainment Co. (NYSE: [url="]SPHR[/url]) and Lyft (Nasdaq: [url="]LYFT[/url]) announced today a multi-year marketing partnership, naming Lyft as an of
Sphere Entertainment Co. is rated a soft Buy due to strong growth, unique assets, and expansion plans. SPHR's Las Vegas Sphere venue drove a 47.8% YoY revenue surge, fueled by the success of The Wizard of Oz at Sphere. Forward valuation appears attractive, with projected 2026 EBITDA of $470.5 million and adjusted operating cash flow of $519.1 million.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Sphere Entertainment Co. (NYSE:SPHR), calling it “amazing.”
Sphere Entertainment Co. (NYSE: [url="]SPHR[/url]) announced today that The Wizard of Oz at Sphere will debut a series of new and expanded 4D effects beginning
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 |
|---|---|---|---|---|---|---|---|
| $135.89 | $4.89B | 183.64 | 18.81% | 2.74% | 1.44% | — | |
| $169.03 | $39.34B | -704.29 | 8.83% | 0.51% | 9% | — | |
| $78.49 | $3.71B | -73.36 | -66.73% | 6.24% | 5.95% | — | |
| $8.75 | $13.23B | 12.81 | 37.63% | 4.72% | 26.21% | — | |
| $56.92 | $4.35B | 17.35 | 12.07% | 36.04% | 11.34% | — | |
| $103.49 | $179.71B | 15.11 | 3.35% | 8.7% | 7.47% | — |
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 for fiscal year 2026. This represents a 22% increase from $1.12B in 2015.
Sphere Entertainment Co. (SPHR) grew revenue by 18.8% over the past year. This is strong growth.
Sphere Entertainment Co. (SPHR) reported a net loss of $70.3M for fiscal year 2026.
Sphere Entertainment Co. (SPHR) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.
Sphere Entertainment Co. (SPHR) generated $359.1M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
