Sphere Entertainment Co. (SPHR) Revenue History
Annual and quarterly revenue from 2015 to present
SPHR Revenue Over Time (2015–2025)
SPHR Revenue Growth History
4 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +0.0%
- FY2017 revenue growth
- -36.2%
- FY2018 revenue growth
- +39.1%
- FY2019 revenue growth
- +6.1%
- FY2020 revenue growth
- +36.9%
- FY2021 revenue growth
- -54.9%
- FY2022 revenue growth
- -5.8%
- FY2023 revenue growth
- -5.9%
- FY2024 revenue growth
- +79.0%
- FY2025 revenue growth
- +0.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $386.4M | +37.7% |
| Q2 2026 | $394.3M | +27.9% |
| Q1 2026 | $262.5M | +15.2% |
| Q4 2025 | $282.7M | +3.4% |
| Q3 2025 | $280.6M | -12.7% |
| Q2 2025 | $308.3M | -1.9% |
| Q1 2025 | $227.9M | +93.1% |
| Q4 2024 | $273.4M | +148.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
SPHR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
SPHR Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 23, 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.
Historical Growth Trajectory
SPHR's 5-year compound annual growth rate (CAGR) stands at -6.5%, indicating revenue contraction over this period. The 3-year CAGR of +19.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Sphere Entertainment Co.'s highest annual revenue of $1.44 billion was recorded in 2020.
Revenue by Segment
SPHR's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including LYV (+12.6% YoY), MSGE (+4.5% YoY), and AEG (-10.9% YoY) — SPHR has outperformed the peer group in 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 | +4.5% | +10.0% | 14.3% | |
 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% |
| 2015 | $1.12B | - | $377.5M | 33.8% | $-58,631,000 | -5.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SPHR — Frequently Asked Questions
Quick answers to the most common questions about buying SPHR stock.
Is SPHR's revenue growth accelerating or slowing?
SPHR revenue growth is accelerating. TTM revenue reached $1.3B, up +37.7% year-over-year — ahead of the 5-year CAGR of -6.5%. This indicates the business is expanding faster than its historical baseline.
What is SPHR's revenue history from 2015 to 2026?
Sphere Entertainment Co. (SPHR) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $1.3B, growing at +37.7% YoY. The 5-year CAGR is -6.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SPHR's long-term revenue growth rate (CAGR)?
Sphere Entertainment Co.'s 5-year revenue CAGR of -6.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +37.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SPHR.
Why does SPHR's quarterly revenue fluctuate?
SPHR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Sphere Entertainment Co.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is SPHR's revenue distributed by segment?
SPHR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SPHR's revenue compare to industry peers?
Sphere Entertainment Co. (SPHR) with TTM revenue of $1.3B and +37.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.