Stocks Consumer discretionary SPHR
NYSE · Consumer discretionarySphere Entertainment Co. (SPHR)
Sphere Entertainment Co. brought in $1.4B of revenue over the twelve months to September 30, 2026, up 20.7% from a year earlier. It posted a net loss of $120.7M. At September 30, 2026 it held $527.2M in cash against $639.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Sphere Entertainment Co.
- Net worth
- Sphere Entertainment Co. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.2B (+18.8% year on year), with net income of $33.4M. Over the 12 months to September 30, 2026: revenue $1.4B, net loss $120.7M.
- Cash flow
- In fiscal 2025 operations brought in $243.3M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Sphere Entertainment Co.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Sphere Entertainment Co. does
Sphere Entertainment Co. is registered with the SEC under industry code SIC 7900 (Services-Amusement & Recreation Services). Its shares trade on NYSE under the ticker SPHR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.2B | $33.4M | $0.74 | n/a |
| 2024 | $1B | -$200.6M | -$5.68 | n/a |
| 2023 | $573.8M | $502.8M | $14.40 | n/a |
| 2022 | $610.1M | -$194.4M | -$5.77 | -$615.4M |
| 2021 | $789.9M | -$148.2M | -$4.59 | -$514.7M |
| 2020 | $1.4B | $181.7M | $5.20 | -$147.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SPHR ranks in Consumer discretionary
Latest SEC filings
What Sphere Entertainment Co. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.5% to $274.3M versus the same quarter last year; diluted EPS -$4.84 versus -$3.47.
- November 5, 2026
- October 27, 2026Other event 8-K
- October 22, 2026Activist stake changed SCHEDULE 13D/A
- August 14, 2026Activist stake changed SCHEDULE 13D/A
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $313.6M versus the same quarter last year; diluted EPS -$1.07 versus $3.39.
- July 30, 2026
- June 12, 2026
Insider trades
What the people running Sphere Entertainment Co. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 23 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 15, 2026 | Dolan Ryan ThomasDirector | Exercised options | 269 | - |
| September 15, 2026 | Dolan Ryan ThomasDirector | Exercised options | 275 | - |
| September 15, 2026 | Dolan Ryan ThomasDirector | Exercised options | 321 | - |
| September 15, 2026 | Dolan Ryan ThomasDirector | Shares withheld for tax | 309 | $44.5K |
| September 15, 2026 | Dolan Ryan ThomasDirector | Exercised options | 807 | - |
| September 15, 2026 | Dolan Ryan ThomasDirector | Exercised options | 825 | - |
| September 15, 2026 | Dolan Ryan ThomasDirector | Shares withheld for tax | 585 | $84.3K |
| September 15, 2026 | Koester JenniferPresident & COO, Sphere | Exercised options | 11,988 | - |
Who owns SPHR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| James L. Dolan13D, may seek influence with 23 related filers | 14.5% | October 22, 2026 |
| Charles F. Dolan, individually, and as a Trustee of the Charles F. Dolan 2009 Revocable Trust13D, may seek influence with 19 related filers | 12.9% | March 1, 2024 |
| Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts13D, may seek influence with 21 related filers | 12.3% | December 31, 2024 |
| Jericho Capital Asset Management L.P.13G, passive with 1 related filers | 9.8% | November 14, 2024 |
| Ariel Investments, LLC13G, passive | 5.8% | August 14, 2026 |
| Vanguard Portfolio Management13G, passive | 5.42% | April 29, 2026 |
| Dimensional Fund Advisors LP13G, passive | 5% | April 15, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 417 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 4,080,043 | +172,102 |
| Jericho Capital Asset Management L.P. | 2,605,615 | 0 |
| Morgan Stanley | 2,474,769 | +427,781 |
| Ariel Investments, LLC | 1,665,326 | -796,983 |
| Vanguard Portfolio Management LLC | 1,515,158 | -26,609 |
| Sands Capital Management, LLC | 1,358,321 | new |
| Vanguard Capital Management LLC | 1,184,648 | -16,112 |
| State Street Corp | 1,081,969 | +58,315 |
| Fmr LLC | 968,991 | +622,428 |
| Ameriprise Financial Inc | 904,008 | +482,680 |
| Dimensional Fund Advisors LP | 891,801 | -5,785 |
| Assenagon Asset Management S.A. | 813,750 | new |
| Geode Capital Management, LLC | 784,997 | +54,684 |
| Gamco Investors, Inc. ET AL | 765,913 | -28,842 |
| Gilder Gagnon Howe & Co LLC | 557,742 | -3,715 |
| Steadfast Capital Management LP | 550,661 | -161,000 |
| Castle Hook Partners LP | 522,039 | new |
| Gabelli Funds LLC | 507,030 | -15,306 |
| Healthcare of Ontario Pension Plan Trust Fund | 479,164 | -44,770 |
| Deutsche Bank AG\ | 426,141 | +77,554 |
Insiders
5 insiders reported holding 1,191,060 shares in total, about $145.6M at the last price.
| Holder | Shares |
|---|---|
| Dolan James LawrenceExecutive Chairman and CEO, Director, 10% owner | 1,031,133 |
| Granville-Smith DavidExecutive Vice President | 94,826 |
| Koester JenniferPresident & COO, Sphere | 54,207 |
| Dolan Ryan ThomasDirector | 5,662 |
| Langer Robert H.EVP, CFO & Treasurer | 5,232 |
Questions about SPHR
What does Sphere Entertainment Co. do?
Sphere Entertainment Co. is a company in the Consumer discretionary sector, listed on NYSE as SPHR. Its shares trade on NYSE under the ticker SPHR.
What is Sphere Entertainment Co.'s net worth?
Sphere Entertainment Co. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Sphere Entertainment Co. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $120.7M on revenue of $1.4B.
How much revenue does Sphere Entertainment Co. make?
Over the twelve months to September 30, 2026 Sphere Entertainment Co. reported revenue of $1.4B. That is 20.7% more than a year earlier.
When did Sphere Entertainment Co. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Sphere Entertainment Co.'s next earnings report?
Sphere Entertainment Co.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Sphere Entertainment Co. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.