Symbols / SPHR Stock $135.00 -0.84% Sphere Entertainment Co.

Communication Services • Entertainment • United States • NYQ
SPHR (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Entertainment
CEO Mr. James Lawrence Dolan
Exch · Country NYQ · United States
Market Cap 4.83B
Enterprise Value 5.18B
Income 113.77M
Sales 1.33B
FCF (ttm) 420.42M
Book/sh 62.91
Cash/sh 17.58
Employees 1,100
Insider 10d —
IPO Apr 09, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 45.61
Forward P/E -110.20
PEG —
P/S 3.64
P/B 2.15
P/C —
EV/EBITDA 19.21
EV/Sales 3.90
Quick Ratio 1.12
Current Ratio 1.22
Debt/Eq 41.74
LT Debt/Eq —
EPS (ttm) 2.96
EPS next Y -1.23
EPS Growth —
Revenue Growth 37.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-05
ROA -0.97%
ROE 5.46%
ROIC —
Gross Margin 55.14%
Oper. Margin 2.67%
Profit Margin 8.58%
Shs Outstand 28.93M
Shs Float 24.65M
Insider Own 6.69%
Instit Own 124.03%
Short Float 35.94%
Short Ratio 8.22
Short Interest 7.72M
52W High 149.00
vs 52W High -9.40%
52W Low 35.58
vs 52W Low 279.43%
Beta 1.68
Impl. Vol. 0.01%
Rel Volume 0.02
Avg Volume 820.24K
Volume 16.12K
Target (mean) $161.00
Tgt Median $158.50
Tgt Low $125.00
Tgt High $190.00
# Analysts 12
Recom Strong_buy
Prev Close $136.14
Price $135.00
Change -0.84%
About

Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$161.00
Mean price target
2. Current target
$135.96
Latest analyst target
3. DCF / Fair value
$261.62
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$135.96
Low
$125.00
High
$190.00
Mean
$161.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-06 main JP Morgan Overweight → Overweight $150
2026-05-06 main Guggenheim Buy → Buy $175
2026-05-06 main Citizens Market Outperform → Market Outperform $175
2026-05-06 main Susquehanna Positive → Positive $159
2026-05-06 up Benchmark Hold → Buy $155
2026-05-06 main BTIG Buy → Buy $190
2026-05-01 main Morgan Stanley Overweight → Overweight $158
2026-04-09 main B of A Securities Neutral → Neutral $132
2026-04-08 main Goldman Sachs Buy → Buy $140
2026-04-02 main Guggenheim Buy → Buy $160
2026-03-30 init Citizens — → Market Outperform $150
2026-02-17 up Benchmark Sell → Hold —
2026-02-13 main Guggenheim Buy → Buy $150
2026-02-13 main BTIG Buy → Buy $127
2026-01-22 main Guggenheim Buy → Buy $136
2026-01-22 up BTIG Neutral → Buy $110
2026-01-15 main JP Morgan Overweight → Overweight $110
2026-01-09 up Seaport Global Neutral → Buy $106
2025-12-19 main B of A Securities Neutral → Neutral $95
2025-12-18 up Morgan Stanley Equal-Weight → Overweight $105
News
RSS: Latest SPHR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 DOLAN RYAN THOMAS Director — 908 — —
2026-03-13 GRANVILLE-SMITH DAVID Officer — 6,704 — —
2026-03-13 KOESTER JENNIFER President — 17,254 — —
2026-03-13 LANGER ROBERT H. Chief Financial Officer — 10,648 — —
2026-02-17 DOLAN JAMES LAWRENCE Officer, Director and Beneficial Owner — 108,630 $67.33 $7,314,058
2025-09-15 DOLAN JAMES LAWRENCE Chief Executive Officer — 158,563 — —
2025-09-15 FRANCO LAURA General Counsel — 10,718 — —
2025-09-15 DOLAN RYAN THOMAS Director — 1,524 — —
2025-09-15 BRUNNER GREGORY Officer — 2,103 — —
2025-09-15 GRANVILLE-SMITH DAVID Officer — 58,921 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-06-30 2023-06-30 2022-06-30
Total Revenue
1,220.05
+18.81%
1,026.89
+78.95%
573.83
-5.94%
610.05
Operating Revenue
1,192.24
+17.34%
1,016.02
+78.89%
567.96
-6.03%
604.40
Cost Of Revenue
589.98
+7.69%
547.82
+60.08%
342.21
+6.85%
320.28
Reconciled Cost Of Revenue
589.98
+7.69%
547.82
+103.23%
269.55
+23.53%
218.21
Gross Profit
630.07
+31.52%
479.06
+106.83%
231.62
-20.07%
289.78
Operating Expense
778.33
+12.91%
689.35
+42.76%
482.86
+9.16%
442.36
Selling General And Administration
441.92
+2.09%
432.85
-4.27%
452.14
+7.71%
419.79
Total Expenses
1,368.31
+10.60%
1,237.17
+49.95%
825.07
+8.19%
762.63
Operating Income
-148.26
+29.49%
-210.28
+16.30%
-251.24
-64.66%
-152.58
Total Operating Income As Reported
-229.56
+32.73%
-341.24
-24.98%
-273.04
-64.74%
-165.74
EBITDA
464.17
+2045.15%
-23.86
-106.30%
378.81
+979.90%
-43.05
Normalized EBITDA
199.38
+214.10%
63.48
+143.16%
-147.07
-392.02%
-29.89
Reconciled Depreciation
336.41
+31.16%
256.49
+148.12%
103.38
-17.05%
124.63
EBIT
127.76
+145.57%
-280.36
-201.79%
275.43
+264.26%
-167.68
Total Unusual Items
264.79
+403.18%
-87.34
-116.61%
525.88
+4096.35%
-13.16
Total Unusual Items Excluding Goodwill
264.79
+403.18%
-87.34
-116.61%
525.88
+4096.35%
-13.16
Special Income Charges
264.79
+403.18%
-87.34
-116.67%
523.91
+4081.39%
-13.16
Other Special Charges
-346.09
-452.45%
-62.65
—
35.81
Impairment Of Capital Assets
—
—
—
-3.04
Restructuring And Mergern Acquisition
11.52
+21.44%
9.49
-66.03%
27.92
+108.33%
13.40
Write Off
69.78
-42.55%
121.47
+2084.85%
-6.12
-2397.96%
-0.24
Net Income
33.41
+116.65%
-200.65
-139.91%
502.77
+358.63%
-194.40
Pretax Income
57.22
+115.88%
-360.23
-230.79%
275.43
+264.26%
-167.68
Net Non Operating Interest Income Expense
-57.05
-5.29%
-54.18
-567.68%
11.59
+224.06%
3.58
Interest Expense Non Operating
70.55
-11.67%
79.87
0.00
0.00
Net Interest Income
-57.05
-5.29%
-54.18
-567.68%
11.59
+224.06%
3.58
Interest Expense
70.55
-11.67%
79.87
0.00
0.00
Interest Income Non Operating
13.50
-47.45%
25.69
+121.73%
11.59
+224.06%
3.58
Interest Income
13.50
-47.45%
25.69
+121.73%
11.59
+224.06%
3.58
Other Income Expense
262.53
+374.14%
-95.76
-118.59%
515.08
+2857.85%
-18.68
Other Non Operating Income Expenses
-1.67
+4.64%
-1.75
+33.18%
-2.61
-298.93%
-0.66
Gain On Sale Of Security
—
—
1.97
+103.95%
-49.84
Gain On Sale Of Business
—
-19.03
-103.49%
545.72
0.00
Tax Provision
23.81
+117.56%
-135.59
-231.13%
103.40
+446.64%
-29.83
Tax Rate For Calcs
0.00
-44.21%
0.00
+0.26%
0.00
+111.03%
0.00
Tax Effect Of Unusual Items
55.61
+269.14%
-32.88
-116.65%
197.43
+8533.61%
-2.34
Net Income Including Noncontrolling Interests
33.41
+116.65%
-200.65
-139.91%
502.77
+358.63%
-194.40
Net Income From Continuing Operation Net Minority Interest
33.41
+114.87%
-224.63
-230.58%
172.03
+224.79%
-137.85
Net Income From Continuing And Discontinued Operation
33.41
+116.65%
-200.65
-139.91%
502.77
+358.63%
-194.40
Net Income Continuous Operations
33.41
+114.87%
-224.63
-230.58%
172.03
+224.79%
-137.85
Net Income Discontinuous Operations
0.00
-100.00%
23.98
-92.75%
330.75
+684.92%
-56.55
Minority Interests
—
0.00
+100.00%
-2.91
+31.54%
-4.25
Normalized Income
-175.78
-3.30%
-170.17
-8.79%
-156.43
-23.14%
-127.03
Net Income Common Stockholders
33.41
+116.65%
-200.65
-139.91%
502.77
+358.63%
-194.40
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
0.74
+113.03%
-5.68
-139.44%
14.40
+349.57%
-5.77
Basic EPS
0.93
+116.37%
-5.68
-139.15%
14.51
+351.47%
-5.77
Basic Average Shares
36.07
+2.18%
35.30
+1.88%
34.65
+1.16%
34.26
Diluted Average Shares
45.30
+28.32%
35.30
+1.07%
34.93
+1.97%
34.26
Diluted NI Availto Com Stockholders
33.41
+116.65%
-200.65
-139.91%
502.77
+358.63%
-194.40
Depreciation Amortization Depletion Income Statement
336.41
+31.16%
256.49
+735.05%
30.72
+36.14%
22.56
Depreciation And Amortization In Income Statement
336.41
+31.16%
256.49
+735.05%
30.72
+36.14%
22.56
Earnings From Equity Interest
-0.60
+91.01%
-6.68
+18.41%
-8.18
-68.29%
-4.86
Gain On Sale Of PPE
—
—
—
0.00
Line Item Trend 2025-12-31
Total Assets
4,209.91
Current Assets
810.17
Cash Cash Equivalents And Short Term Investments
507.78
Cash And Cash Equivalents
507.78
Cash Equivalents
—
Cash Financial
—
Other Short Term Investments
—
Receivables
206.93
Accounts Receivable
171.63
Gross Accounts Receivable
171.64
Allowance For Doubtful Accounts Receivable
-0.01
Other Receivables
10.84
Inventory
14.45
Prepaid Assets
38.54
Current Deferred Assets
17.63
Restricted Cash
13.49
Assets Held For Sale Current
—
Other Current Assets
11.36
Total Non Current Assets
3,399.73
Net PPE
2,802.01
Gross PPE
3,623.39
Accumulated Depreciation
-821.37
Properties
0.00
Land And Improvements
0.00
Buildings And Improvements
2,270.56
Machinery Furniture Equipment
1,231.69
Construction In Progress
5.87
Other Properties
91.37
Leases
23.90
Goodwill And Other Intangible Assets
366.59
Goodwill
344.77
Other Intangible Assets
21.82
Investments And Advances
38.73
Long Term Equity Investment
—
Other Non Current Assets
192.40
Total Liabilities Net Minority Interest
1,976.67
Current Liabilities
743.37
Payables And Accrued Expenses
470.37
Payables
202.39
Accounts Payable
24.59
Current Accrued Expenses
267.98
Employee Benefits
—
Pensionand Other Post Retirement Benefit Plans Current
—
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
80.19
Current Debt
63.01
Other Current Borrowings
63.01
Current Capital Lease Obligation
17.19
Current Deferred Liabilities
192.81
Current Deferred Revenue
192.81
Other Current Liabilities
—
Total Non Current Liabilities Net Minority Interest
1,233.30
Liabilities Heldfor Sale Non Current
—
Long Term Debt And Capital Lease Obligation
881.26
Long Term Debt
767.44
Long Term Capital Lease Obligation
113.82
Non Current Pension And Other Postretirement Benefit Plans
—
Tradeand Other Payables Non Current
—
Non Current Deferred Liabilities
172.11
Non Current Deferred Taxes Liabilities
172.11
Other Non Current Liabilities
179.92
Preferred Securities Outside Stock Equity
—
Stockholders Equity
2,233.24
Common Stock Equity
2,233.24
Capital Stock
0.37
Common Stock
0.37
Preferred Stock
—
Share Issued
36.55
Ordinary Shares Number
35.50
Treasury Shares Number
1.05
Additional Paid In Capital
2,470.12
Retained Earnings
-186.44
Gains Losses Not Affecting Retained Earnings
-0.78
Treasury Stock
50.02
Minority Interest
—
Other Equity Adjustments
-0.78
Total Equity Gross Minority Interest
2,233.24
Total Capitalization
3,000.68
Working Capital
66.80
Invested Capital
3,063.69
Total Debt
961.46
Net Debt
322.67
Capital Lease Obligations
131.01
Net Tangible Assets
1,866.65
Tangible Book Value
1,866.65
Available For Sale Securities
—
Duefrom Related Parties Current
24.46
Dueto Related Parties Current
177.80
Dueto Related Parties Non Current
—
Investmentin Financial Assets
—
Investments In Other Ventures Under Equity Method
—
Investmentsin Associatesat Cost
—
Notes Receivable
—
Line Item Trend 2025-12-31 2024-06-30 2023-06-30 2022-06-30
Operating Cash Flow
243.35
+1337.90%
-19.66
-112.80%
153.59
+8.67%
141.34
Cash Flow From Continuing Operating Activities
243.35
+1337.90%
-19.66
-112.80%
153.59
+8.67%
141.34
Net Income From Continuing Operations
33.41
+116.65%
-200.65
-139.68%
505.68
+365.94%
-190.15
Depreciation Amortization Depletion
336.41
+31.16%
256.49
+148.12%
103.38
-17.05%
124.63
Depreciation
329.84
+30.52%
252.71
—
—
Amortization Cash Flow
6.57
+73.36%
3.79
—
—
Depreciation And Amortization
336.41
+31.16%
256.49
+148.12%
103.38
-17.05%
124.63
Amortization Of Intangibles
6.57
+73.36%
3.79
—
—
Other Non Cash Items
40.10
+66.45%
24.09
+432.46%
4.53
-55.54%
10.18
Stock Based Compensation
59.01
+22.90%
48.01
-23.38%
62.66
-18.77%
77.14
Provisionand Write Offof Assets
—
—
—
1.62
Asset Impairment Charge
69.78
-42.55%
121.47
+154.03%
-224.83
-7283.61%
-3.04
Deferred Tax
20.92
+115.78%
-132.54
-207.35%
123.47
+494.84%
-31.27
Deferred Income Tax
20.92
+115.78%
-132.54
-207.35%
123.47
+494.84%
-31.27
Operating Gains Losses
-360.15
-1667.87%
22.97
+104.19%
-548.69
-1632.01%
35.81
Unrealized Gain Loss On Investment Securities
1.63
-92.89%
22.97
+104.19%
-548.69
-1100.00%
54.87
Change In Working Capital
42.24
+126.48%
-159.51
-225.20%
127.41
+101.69%
63.17
Change In Receivables
-17.12
+85.12%
-115.10
-1720.39%
7.10
+123.10%
-30.75
Changes In Account Receivables
-17.12
+85.12%
-115.10
-1720.39%
7.10
+123.10%
-30.75
Change In Prepaid Assets
-108.24
-113.86%
-50.61
+71.69%
-178.76
-306.43%
-43.98
Change In Payables And Accrued Expense
51.80
+284.63%
-28.06
-123.92%
117.28
+49.51%
78.44
Change In Accrued Expense
60.81
+316.75%
-28.06
-123.92%
117.28
+63.30%
71.82
Change In Payable
-9.01
+67.87%
-28.06
-123.92%
117.28
+49.51%
78.44
Change In Account Payable
-9.01
+67.87%
-28.06
-123.92%
117.28
+49.51%
78.44
Change In Other Working Capital
115.81
+238.11%
34.25
-81.16%
181.78
+205.73%
59.46
Change In Other Current Assets
—
—
—
-43.98
Investing Cash Flow
-3.90
+91.37%
-45.18
+93.09%
-653.92
+18.68%
-804.16
Cash Flow From Continuing Investing Activities
-3.90
+91.37%
-45.18
+93.09%
-653.92
+18.68%
-804.16
Capital Expenditure
-52.35
+81.93%
-289.75
+75.34%
-1,175.02
-45.92%
-805.22
Capital Expenditure Reported
-52.35
+81.93%
-289.75
+75.34%
-1,175.02
-45.92%
-805.22
Net Investment Purchase And Sale
0.00
0.00
-100.00%
4.37
0.00
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
0.00
0.00
-100.00%
4.37
0.00
Net Business Purchase And Sale
48.76
-80.21%
246.35
-52.33%
516.73
+48648.11%
1.06
Purchase Of Business
0.00
+100.00%
-10.15
-70.70%
-5.95
0.00
Gain Loss On Sale Of Business
—
—
—
0.00
Net Other Investing Changes
-0.31
+82.49%
-1.78
—
1.06
Financing Cash Flow
-233.34
-211.26%
209.73
+145.18%
85.54
+381.46%
-30.39
Cash Flow From Continuing Financing Activities
-233.34
-211.26%
209.73
+145.18%
85.54
+381.46%
-30.39
Net Issuance Payments Of Debt
-165.27
-170.99%
232.79
+2.19%
227.79
+845.20%
24.10
Issuance Of Debt
0.00
-100.00%
316.63
+4.61%
302.67
-60.39%
764.10
Repayment Of Debt
-165.27
-97.10%
-83.85
-11.98%
-74.88
+89.88%
-740.00
Long Term Debt Issuance
0.00
-100.00%
316.63
+4.61%
302.67
-60.39%
764.10
Long Term Debt Payments
-165.27
-97.10%
-83.85
-11.98%
-74.88
+89.88%
-740.00
Net Long Term Debt Issuance
-165.27
-170.99%
232.79
+2.19%
227.79
+845.20%
24.10
Short Term Debt Issuance
—
0.00
0.00
-100.00%
39.10
Short Term Debt Payments
—
—
-2.00
+86.67%
-15.00
Net Short Term Debt Issuance
—
0.00
+100.00%
-2.00
-108.30%
24.10
Net Common Stock Issuance
-50.02
—
—
0.00
Common Stock Payments
-50.02
—
—
0.00
Common Stock Dividend Paid
0.00
0.00
+100.00%
-121.51
-5285.95%
-2.26
Cash Dividends Paid
0.00
0.00
+100.00%
-121.51
-5285.95%
-2.26
Repurchase Of Capital Stock
-50.02
—
—
0.00
Proceeds From Stock Option Exercised
6.49
-26.51%
8.83
0.00
0.00
Net Other Financing Charges
-24.54
+23.02%
-31.88
-53.69%
-20.74
+60.29%
-52.24
Changes In Cash
6.10
-95.79%
144.89
+134.93%
-414.79
+40.16%
-693.22
Effect Of Exchange Rate Changes
-0.47
+39.17%
-0.77
+63.39%
-2.11
-180.80%
-0.75
Beginning Cash Position
515.63
+20.16%
429.11
-49.28%
846.01
-45.06%
1,539.98
End Cash Position
521.26
-9.07%
573.23
+33.59%
429.11
-49.28%
846.01
Free Cash Flow
191.00
+161.73%
-309.41
+69.71%
-1,021.43
-53.86%
-663.88
Earnings Losses From Equity Investments
—
22.97
+104.19%
-548.69
-11014.86%
5.03
Interest Received CFI
—
-25.05
+78.41%
-116.04
-139.23%
-48.51
Sale Of Business
48.76
-80.99%
256.50
-50.93%
522.68
+49209.34%
1.06
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Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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