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Sphere Entertainment SPHR

US equityMarket cap rank #2277
$110.80 −$17.45 (-13.61%)
Market closed · Oct 6, 2:10 am ET · Last extended-hours $111.58 +0.70%
Open$120.99
Prev close$128.25
Day range$110.03 – $122.44
Volume3.00M
Market cap$3.98B
P/E (TTM)–
Dividend yield–

Earnings

Average move on report day±7.8%last 16 reports
Closed higher10 of 1663% of the time
Best reaction+22.1%
Worst reaction-12.8%

Stock move on the day after each report

-12.8%2023/Q3+7.7%2023/Q4-4.5%2024/Q1+10.1%2024/Q2-4.8%2024/Q3+9.3%2024/Q4+6.0%2025/Q1-3.9%2025/Q2+4.7%2025/Q3+22.1%2025/Q4+0.1%2026/Q1+5.8%2026/Q2
QuarterReport dateTimingImplied moveActual moveVersus implied
2026/Q230 Jul 2026Pre Market±12.2%+5.81%Within range
2026/Q15 May 2026Pre Market±9.3%+0.10%Within range
2025/Q412 Feb 2026Pre Market±8.6%+22.07%Bigger than priced
2025/Q34 Nov 2025Pre Market±10.9%+4.70%Within range
2025/Q211 Aug 2025Pre Market±12.8%-3.95%Within range
2025/Q18 May 2025Pre Market±13.5%+6.04%Within range
2024/Q414 Aug 2024Pre Market±11.7%+9.30%Within range
2024/Q310 May 2024Pre Market±12.3%-4.85%Within range
2024/Q25 Feb 2024Pre Market±11.5%+10.05%Within range
2024/Q18 Nov 2023Pre Market±14.9%-4.52%Within range
2023/Q422 Aug 2023Pre Market±16.8%+7.73%Within range
2023/Q310 May 2023Pre Market±9.4%-12.80%Bigger than priced
2023/Q29 Feb 2023Pre Market–+11.68%–
2023/Q19 Nov 2022Pre Market–-8.33%–
2022/Q419 Aug 2022Pre Market–+3.52%–
2022/Q39 May 2022None–-10.13%–

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Sphere$226.35M 72.2%
  • Madison Square Garden (MSG) Networks$87.29M 27.8%

Latest reported quarter: Q2, ended Jun 2026

Revenue$313.64M+11.0% YoY
Operating profit-$60.94M-33.7% YoY
Net profit-$38.33M-125.2% YoY
Diluted EPS-$1.07-131.6% YoY

Revenue, last 8 quarters

$321.3MMar '24$308.3MDec '24$280.6MMar '25$282.7MJun '25$262.5MSep '25$394.3MDec '25$386.4MMar '26$313.6MJun '26

Net profit, last 8 quarters

$-47.2MMar '24$-126.0MDec '24$-82.0MMar '25$151.8MJun '25$-101.2MSep '25$64.7MDec '25$4.5MMar '26$-38.3MJun '26

Profitability & balance sheet

Gross margin51.8%
Operating margin-19.4%
Net margin-12.2%

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