Sphere Entertainment Co. (SPHR) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
SPHR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
SPHR Revenue Analysis (2015–2025)
As of February 28, 2026, Sphere Entertainment Co. (SPHR) generated trailing twelve-month (TTM) revenue of $1.06 billion, reflecting strong growth of +15.2% year-over-year. The most recent quarter (Q1 2026) recorded $262.5 million in revenue, down 11.8% sequentially.
Looking at the longer-term picture, SPHR's 5-year compound annual growth rate (CAGR) stands at -6.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.44 billion in 2020.
Revenue diversification analysis shows SPHR's business is primarily driven by Media Networks Revenue (57%), Ticketing And Venue License Fee Revenues (36%), and Food, Beverage And Merchandise Revenues (7%). With over half of revenue concentrated in Media Networks Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including LYV (+5.4% YoY), TKO (+26.6% YoY), and MSGE (+5.7% YoY), SPHR has underperformed the peer group in terms of revenue growth. Compare SPHR vs LYV →
Peer Comparison
Compare SPHR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPHRCurrent | $1.1B | +15.2% | -6.5% | -21.7% | |
| LYV | $25.2B | +5.4% | +68.4% | 5.0% | |
| TKO | $4.7B | +26.6% | +37.2% | 17.6% | |
| MSGE | $943M | +5.7% | +10.0% | 13.0% | |
| BATRA | $732M | +10.5% | +32.7% | 2.3% | |
| BATRK | $732M | +10.5% | +32.7% | 2.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.03B | +0.0% | $222.6M | 21.7% | $-223,000,000 | -21.7% |
| 2024 | $1.03B | +79.0% | $222.6M | 21.7% | $-223,000,000 | -21.7% |
| 2023 | $573.8M | -5.9% | $231.6M | 40.4% | $-273,042,000 | -47.6% |
| 2022 | $610.1M | -5.8% | $289.8M | 47.5% | $-104,061,000 | -17.1% |
| 2021 | $647.5M | -54.9% | $384.7M | 59.4% | $64.5M | 10.0% |
| 2020 | $1.44B | +36.9% | $645.5M | 45.0% | $235.2M | 16.4% |
| 2019 | $1.05B | +6.1% | $378.3M | 36.1% | $-45,597,000 | -4.3% |
| 2018 | $989.0M | +39.1% | $353.8M | 35.8% | $-31,282,000 | -3.2% |
| 2017 | $711.0M | -36.2% | $193.9M | 27.3% | $-98,406,000 | -13.8% |
| 2016 | $1.12B | - | $377.5M | 33.8% | $-58,631,000 | -5.3% |
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Start ComparisonFrequently Asked Questions
Is SPHR's revenue growth accelerating or slowing?
SPHR revenue is accelerating at +15.2% year-over-year, exceeding the 5-year CAGR of -6.5%. TTM revenue reached $1.1B. Growth momentum has increased versus prior periods.
What is SPHR's long-term revenue growth rate?
Sphere Entertainment Co.'s 5-year revenue CAGR of -6.5% reflects the sustained expansion pattern. Current YoY growth of +15.2% is above this long-term average.
How is SPHR's revenue distributed by segment?
SPHR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.