Sphere Entertainment Co. (SPHR) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
SPHR Revenue Growth
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 May 8, 2026, Sphere Entertainment Co. (SPHR) generated trailing twelve-month (TTM) revenue of $1.33 billion, reflecting explosive growth of +37.7% year-over-year. The most recent quarter (Q3 2026) recorded $386.4 million in revenue, down 2.0% 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 (+12.6% YoY), MSGE (+18.9% YoY), and AEG (-10.9% YoY), SPHR has outperformed the peer group in terms of revenue growth. Compare SPHR vs LYV →
SPHR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPHRCurrent | $1.3B | +37.7% | -6.5% | -21.7% | |
 LYV | $25.2B | +12.6% | +68.4% | 5.9% | |
 MSGE | $943M | +18.9% | +10.0% | 13.0% | |
 AEG | $19.5B | -10.9% | -20.4% | 3.4% | |
 EPR | $718M | +7.9% | +12.1% | 52.5% | |
 DIS | $94.4B | +3.4% | +7.6% | 14.6% |
SPHR Historical Revenue Data (2015–2025)
| 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% | $479.1M | 46.7% | $-341,241,000 | -33.2% |
| 2023 | $573.8M | -5.9% | $231.6M | 40.4% | $-273,042,000 | -47.6% |
| 2022 | $610.1M | -5.8% | $289.8M | 47.5% | $-165,737,000 | -27.2% |
| 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% |
See SPHR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SPHR Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SPHR vs NFLX
Side-by-side business, growth, and profitability comparison vs Netflix, Inc..
Start ComparisonSPHR — Frequently Asked Questions
Quick answers to the most common questions about buying SPHR stock.
Is SPHR's revenue growth accelerating or slowing?
SPHR revenue is accelerating at +37.7% year-over-year, exceeding the 5-year CAGR of -6.5%. TTM revenue reached $1.3B. 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 +37.7% 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.