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SPHR

Sphere Entertainment Co.

NYSEResearch view

Sphere Entertainment Co. operates in the Services-Amusement & Recreation Services industry.

$110.80−13.61%

Oct 5 close · 1D EOD · Databento

Consumer CyclicalServices-Amusement & Recreation ServicesMid-capSEC EDGAR FY 2025-12-31

What happened

Daily closes · dots are Wire stories

What’s next

Expected around late October, going by its own filing history. The company has not announced a date yet. Its matching report came Nov 4, 2025 and Nov 12, 2024, before the open.

Last report

Jul 30, 2026+5.81%

before the open

Last 4, next close

median 5.25% either way

up 4 of 4

Every report since 2022 →Earnings calendar →

DateEventSourceNext close

Jul 30Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗+5.81%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

12 big days in a year, and what we hold on each

A big day is a close more than 5.86% from the one before, three times SPHR’s median day (1.95%). On 0 of the 12, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±5.86%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DaySPHRWhat we hold that dayGroup (median of 4) · each

1 Oct 7, 2025−5.93%
Before our storiesgroup −0.2%, did not move with it
1Oct 7, 2025−5.93%
Before our stories
−0.2% did not move with itWMG −2.8 · LYV −0.4 · TKO −0.1 · LLYVA +1.1
2 Oct 20, 2025+7.48%
Before our storiesgroup +1.0%, did not move with it
2Oct 20, 2025+7.48%
Before our stories
+1.0% did not move with itLLYVA +1.6 · LYV +1.0 · WMG +0.9 · TKO −1.3
3 Feb 12, 2026+22.07%
Resultsgroup −0.8%, did not move with it
3Feb 12, 2026+22.07%
ResultsFirst close after the Feb 12 results filing
−0.8% did not move with itLLYVA +3.4 · LYV +2.5 · WMG −4.1 · TKO −4.9
4 Mar 26, 2026−6.47%
Before our storiesgroup −1.9%, did not move with it
4Mar 26, 2026−6.47%
Before our stories
−1.9% did not move with itLYV −3.1 · LLYVA −3.1 · TKO −0.7 · WMG +1.4
5 Mar 31, 2026+10.15%
Before our storiesgroup +3.7%, did not move with it
5Mar 31, 2026+10.15%
Before our stories
+3.7% did not move with itWMG +6.0 · LLYVA +4.3 · TKO +3.2 · LYV +2.6
6 Apr 2, 2026+6.18%
Before our storiesgroup +1.7%, did not move with it
6Apr 2, 2026+6.18%
Before our stories
+1.7% did not move with itLLYVA +2.4 · LYV +2.0 · WMG +1.4 · TKO +1.3
7 May 12, 2026+7.13%
Before our storiesgroup +1.5%, did not move with it
7May 12, 2026+7.13%
Before our stories
+1.5% did not move with itWMG +2.0 · LYV +1.6 · LLYVA +1.4 · TKO −0.6
8 Jun 11, 2026+6.18%
Nothing on SPHRgroup +2.6%, did not move with it
8Jun 11, 2026+6.18%
Nothing on SPHRNo SPHR story, brief or results filing in our record that day
+2.6% did not move with itTKO +3.5 · LYV +2.9 · LLYVA +2.4 · WMG −0.5
9 Jul 6, 2026−7.50%
Nothing on SPHRgroup −1.7%, did not move with it
9Jul 6, 2026−7.50%
Nothing on SPHRNo SPHR story, brief or results filing in our record that day
−1.7% did not move with itWMG −3.1 · LYV −1.8 · LLYVA −1.6 · TKO −1.1
10 Aug 4, 2026+7.64%
Nothing on SPHRgroup +0.8%, did not move with it
10Aug 4, 2026+7.64%
Nothing on SPHRNo SPHR story, brief or results filing in our record that day
+0.8% did not move with itWMG +2.8 · LYV +1.1 · LLYVA +0.4 · TKO +0.3
11 Aug 12, 2026+7.83%
Nothing on SPHRgroup +0.7%, did not move with it
11Aug 12, 2026+7.83%
Nothing on SPHRNo SPHR story, brief or results filing in our record that day
+0.7% did not move with itLLYVA +2.2 · LYV +1.1 · TKO +0.2 · WMG −1.2
12 Aug 27, 2026−6.39%
Nothing on SPHRgroup −1.5%, did not move with it
12Aug 27, 2026−6.39%
Nothing on SPHRNo SPHR story, brief or results filing in our record that day
−1.5% did not move with itLLYVA −2.0 · TKO −1.9 · LYV −1.1 · WMG +0.9

A story on the same day is not a cause, and a group move is not proof either. Group: the median of LYV, TKO, LLYVA and WMG that day, the largest companies in SPHR’s SEC industry; “moved with SPHR” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). SPHR reports before the open, so day 1 is that day’s close. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Nov 4, 2025

day 1+4.70%day 6+17.76%

Reported Feb 12, 2026

day 1+22.07%day 6+20.51%

Reported May 5, 2026

day 1+0.10%day 6−0.37%

Reported Jul 30, 2026

day 1+5.81%day 6+10.03%

Next report: expected late October to early NovemberEstimated from the dates of its last four results filings. Not announced. Since the Jul 30 report: −8.50%. Four reports is a small sample.

Every report since 2022 →

Each line is SPHR’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$5.8B

Revenue$1.2B+18.80%

Net income$33.4M

EPS, diluted$0.74+113.00%

Operating margin-18.8%

Return on equity1.5%

Debt / equity0.34

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorConsumer Cyclical

Market Cap$5.8B

Enterprise Value$6.0B

Income$33.4M

Sales$1.2B

Book/sh—

Cash/sh—

Dividend TTM—

Payout—

Employees—

IPO—

Quick Ratio1.07

Current Ratio1.09

Debt/Eq0.34

EPS (ttm)$0.74

EPS this Y113.0%

EPS past 3/5Y—

Sales past 3/5Y26.0%

EPS Y/Y TTM113.0%

Sales Y/Y TTM18.8%

Shs Outstand—

ROA0.8%

ROE1.5%

ROIC-5.4%

Gross Margin—

Oper. Margin-18.8%

Profit Margin2.7%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$789.9M

FY21

$610.1M

FY22

$573.8M

FY23

$1.0B

FY24

$1.2B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$789.9M	$610.1M	$573.8M	$1.0B	$1.2B
Gross Profit	—	—	—	—	—
Operating Income	$-188.2M	$-165.7M	$-273.0M	$-341.2M	$-229.6M
Net Income	$-395.6M	$-190.1M	$505.7M	$-200.6M	$33.4M
Diluted EPS	$-4.59	$-5.77	$14.40	$-5.68	$0.74
Operating Cash Flow	$-58.7M	$141.3M	$153.6M	$-19.7M	$243.3M
Free Cash Flow	$-514.7M	$-615.4M	—	—	—

Same industry

SPHR against four same-industry peers, a year at 100

SPHR is up 2.0 times in a year. All four did less: Liberty Live (+8.9%), Live Nation Entertainment (+8.0%), TKO Group (−11.0%) and Warner Music (−20.8%). Weekly closes, Oct 3, 2025 = 100, on a log scale so a twofold rise and a 20.8% fall both read honestly.

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SPHR ×2.0. Liberty Live +8.9%, Live Nation Entertainment +8.0%, TKO Group −11.0%, Warner Music −20.8%. Weekly closes, Oct 3, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in SPHR’s SEC industry (Services-Amusement & Recreation Services) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

LYV$39.8B TKO$34.1B LLYVA$8.9B WMG$4.0B BATRA$3.7B FUN$1.2B ACEL$880M LUCK$723M

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Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.