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SPHR · Sphere Entertainment Co.

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$125.56 +1.90 (+1.54%) At close · Nov 13
S&P 600 member Russell 2000 member Rebalance outlook locked
Market Cap
$4.51B
Shares
35.91M
Volume · Nov 13 568.02K Avg daily vol (3M) 792.32K

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$125.56 Open$124.29 Day$121.93–126.70 52W close$74.86–176.38 Avg vol 30d1.0M Short int6.9M · 19.1% of shares · 9.7d Short vol72% Last earningsNov 5, 2026 DataApr 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Next earnings call
Feb 11, 2027 Est · unconfirmed · in 13 wks
Q3 2026 earnings call transcript
call held Nov 5, 2026
Play latest call

Latest documents

2026
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises as net impairments weigh on results

Sphere Entertainment Co. reported nine-month 2026 revenue of 974,311 (in thousands) and adjusted operating income of 200,052 (in thousands). Net impairments and other losses of 177,632 (in thousands), primarily related to MSG Networks goodwill, weighed on operating performance.

Revenue $274.26M ▲ 4.5% Net loss $176.04M Diluted EPS -$4.84
Read from the MD&A section
5 source passages
Sphere Entertainment Co. and its direct and indirect subsidiaries (collectively, “we,” “us,” “our,” “Sphere Entertainment,” or the “Company”) Revenues | 974,311 | 825,762 | 148,549 | 18 | % Adjusted operating income for the nine months ended September 30, 2026 increased $66,254 as compared to the prior year period to $200,052. During the three and nine months ended September 30, 2026, the Company recognized impairments and other losses, net of $177,553 and $177,632, respectively. The current year and prior year charges primarily relate to goodwill impairment charges for the MSG Networks reporting unit. Open the document at this passage
Nov 5
Earnings call
Revenue rises 14% as Abu Dhabi venue advances

Sphere Entertainment Co. generated $274.3 million in total company revenues for the September quarter; Sphere segment revenue rose 14% and adjusted operating income reached $32.4 million, while Abu Dhabi construction remained on track for completion by the end of 2029.

4 source passages
Welcome to the Sphere Entertainment Co. third quarter 2026 earnings conference call. For the September quarter, we generated total company revenues of $274.3 million and a trusted operating income of $39.2 million. Our sphere segment generated revenues of $198.9 million, an increase of 14% compared to the prior year period. Third-quarter adjusted operating income for our Sphere segment was $32.4 million, as compared to $17.1 million in the prior year quarter. In Abu Dhabi, construction is moving forward. The venue's underground infrastructure is currently being installed. Procurement is also underway, with the general contractor starting to award key contracts. Construction remains on track to be completed by the end of 2029. Open the document at this passage
Oct 27
Current report 8-K Events of Oct 26
Other events

Sphere Entertainment Co.’s Board adopted an overlap policy extending its existing conflict provisions to directors and officers serving with MSG Rangers or its subsidiaries, following the MSG Rangers Distribution by MSG Knickerbockers.

Jul 30
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Revenue $313.64M ▲ 11.0% Net loss $38.33M Diluted EPS -$1.07
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.37B
Trailing 12 months
Net income (TTM)
−$146.00M
Trailing 12 months
Revenue growth YoY
+4.5%
Year over year
Operating margin
-19.4%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$241.23M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.4%
Year over year · more shares
Price change (1Y)
+61.5%
Trailing year
Short interest
19.1%
Latest settlement · 9.7 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▲138.8% $308.29M −$125.95M '24 Q4 ▲137.8% $280.57M −$81.95M '25 Q1 ▼10% $282.68M $151.82M '25 Q2 ▼18.3% $262.51M −$125.68M '25 Q3 ▲27.9% $394.28M $63.91M '25 Q4* ▲37.7% $386.41M $4.46M '26 Q1 ▲11% $313.64M −$38.33M '26 Q2 LATEST ▲4.5% $274.26M −$176.04M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Sphere delivered 14% revenue growth and 90% adjusted operating income growth, while The Wizard of Oz exceeded four million tickets and half a billion dollars in sales. The company reported a $240.6 million consolidated operating loss, declining MSG Networks profitability, a $177.6 million goodwill impairment, rising Sphere direct operating expenses and the discontinuation of the From the Edge concept.

Bullish
  • + Third-quarter Sphere revenue increased 14% to $198.9 million.
  • + Sphere adjusted operating income increased 90% to $32.4 million.
  • + The Wizard of Oz exceeded four million tickets and half a billion dollars in ticket sales.
  • + Sphere sponsorship, Exosphere advertising and suite license revenue increased $6.2 million.
  • + Rocky Horror is expected to debut by the end of March 2027.
  • + The Abu Dhabi Sphere remains on track for completion by the end of 2029.
Bearish
  • − Consolidated operating loss widened 47% to $240.6 million.
  • − MSG Networks adjusted operating income decreased $12.5 million to $6.8 million.
  • − MSG Networks recorded a non-cash goodwill impairment charge of $177.6 million.
  • − MSG Networks distribution revenue decreased $12.8 million as subscribers fell approximately 15.5%.
  • − Sphere direct operating expenses increased 6% to $83.8 million.
  • − The From the Edge concept was discontinued because it was not strong enough or executed well enough.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Buy Momentum Neutral Sentiment Bullish Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg −5%
below
Price vs 50-day avg +2%
above
RSI (14) 60
neutral
MACD trend Positive
52-week position 50%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Neutral
1-month return +21%
trailing
6-month return −6%
trailing
YTD return +32%
this year
Relative strength −7%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $123 › 200d $132 — 200d above 50d
Institutional flow Accumulating
357 of 425 funds reported for Sep 30 · net +413.6K sh shares · +37 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
19.11% of shares out · ▼ -7.3% MoM · 9.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
425 holders — near 3-yr high, broad support
Squeeze score 72
high risk · 0–100
Fundamentals
Strong
Revenue growth +19%
Y/Y
EPS growth +103%
Y/Y
Free cash flow $-513.4M
Buyback $300.0M
remaining
Balance sheet $322.7M
net debt
Quant / Vol
risk profile
Very High
Volatility 54%
annualized · 1-yr
Max drawdown −42%
past year
ATR 5.2%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Technicals

trend & momentum for long-term holders Buy
0 · 5 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−5% Neutral
Price vs 50-day avg
+2% Bullish
RSI (14)
60 Neutral
MACD trend
Positive Bullish
52-week position
50% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $123 › 200d $132 — 200d above 50d
Institutional flow Accumulating
357 of 425 funds reported for Sep 30 · net +413.6K sh shares · +37 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
19.11% of shares out · ▼ -7.3% MoM · 9.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
425 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $75 Now $126 · 50% Range high $176
vs 200-day avg -5% vs 50-day avg +2%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
decrease in total subscribers of MSG Networks 16.5% the three months ended June 30, 2026 filing —
performances of The Wizard of Oz at Sphere 220 the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Entertainment — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
SPHR
Sphere Entertainment Co.
this stock
$4.51B +32.1% +18.8% — 19.1%
NFLX
Netflix Inc
 $255.21B -33.7% +15.9% 18.0 2.2%
DIS
Walt Disney Co
 $205.42B +4.6% +3.4% 24.6 1.2%
LYV
Live Nation Entertainment, Inc.
 $42.06B +25.2% +8.8% — 10.8%
SKYD
Skydance Corp
 $37.93B — -1.5% — 2.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
415
% held
107.3%
Reported
357 of 425
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
341
View
Short & Settlement
Short Interest Falling
Shares short
6.9M
Days to cover
9.7d
Change
-538.1K sh
View
Short Volume
Short vol %
72%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
1.9K
Value
$242.3K
As of
Oct 5, 2026
View
Off-Exchange
Off-exchange %
49.1%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Jonathan Jackson
Amount
$1.0K–$15.0K
Traded
Jun 15, 2026
View
Financials
Financials
Revenue (FY)
$1.2B
Net income (FY)
$8.1M
EPS diluted
$0.18
View
Buybacks
Authorized
$350.0M
Remaining
$300.0M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 5, 2026
This year
13

Sphere Entertainment Co. reported nine-month 2026 revenue of 974,311 (in thousands) and adjusted operating income of 200,052 (in thousands). Net impairments and other losses of 177,632 (in thousands), primarily related to MSG Networks goodwill, weighed on operating performance.

View
Proposed Sales
Value
$2.8M
Shares
24.4K
Filed
Mar 26, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Sphere Entertainment Co. Reports…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
SPHR +4.6% +21.3% -6.4% +15.0% +32.1%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +2.0% +22.4% -6.9% +15.2% +21.4%

Capital returns

Buyback program · as of Sep 30, 2026
Authorized
$350.00M
Spent (derived)
$50.00M
Remaining
$300.00M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1795250 CUSIP 55826T102 13F (30d) 308 filings 279 filers Visit website Investor relations