Sphere Entertainment Co. reported results for 2026 showing revenue of $313.64M, up from $282.68M a year earlier, while net income swung to a loss of ($38.79M) and diluted EPS was ($1.07) versus $3.39 in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$313.64M$282.68M11% | Net income²($38.79M)$151.82M(125.5%) | Diluted EPS³($1.07)$3.39(131.6%) |
¹ Reported as “Revenues (a)”. ² Reported as “Net (loss) income attributable to Sphere Entertainment Co.’s stockholders”. ³ Reported as “Diluted income per common share attributable to Sphere Entertainment Co.’s stockholders”.
Business Highlights
- Revenue growth was driven by expanded show and sponsorship activity, which offset declines at MSG Networks.
- MSG Networks continues to face distributor subscriber losses and reduced ad inventory, prompting an accelerated direct-to-consumer streaming push with MSG+.
- The Wizard of Oz residency at Sphere materially boosted per-show revenue and sponsorship/Exosphere ad sales, lifting Sphere's adjusted operating income.
- Sphere is pursuing expansion projects including Sphere Abu Dhabi on Yas Island (construction funded by DCT Abu Dhabi, targeting 2029) and opportunities at National Harbor.
- Operational capacity remains high with hundreds of performances and expanded production and studio capabilities, including the Burbank Big Dome.
Original SEC Filing:
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