Sphere Entertainment (SPHR) EPS Loss Rekindles Profitability Concerns Despite Growth Narratives
Sphere Entertainment (SPHR) recently reported an EPS loss of US$2.80 and a net income loss of US$101.2 million for FY 2025's third quarter, raising concerns about its profitability despite growth narratives. The company has experienced persistent losses over the past five years, with current trailing 12-month losses at US$270.1 million. While bulls point to a DCF fair value significantly higher than the current share price and potential from global expansion, bears emphasize the growing loss trend, heavy capital needs, and lack of near-term profitability.
Sphere Entertainment (SPHR) Is Up 24.1% After Turning a Loss Into Full-Year Profit - What's Changed
Sphere Entertainment (SPHR) reported strong Q4 2025 results, turning a prior-year loss into a full-year profit stemming from the success of its Las Vegas Sphere programming. The company attributes this turnaround to high demand for immersive experiences and plans for expansion with new venues in National Harbor and Abu Dhabi, alongside deepening sponsorships. While this success fortifies its investment narrative, investors are warned about the significant capital expenditure and execution risks associated with global expansion.
Sphere Entertainment Co. SEC 10-K Report
Sphere Entertainment Co. has released its annual 10-K report, highlighting significant financial improvements including a revenue increase to $1,220.045 million and a net income of $33.405 million, a turnaround from the previous year's loss. The report details the company's strategy for global expansion of its Sphere venues, enhancing its MSG Networks segment, and managing financial risks associated with these ambitious projects. The company faces challenges related to new technology adoption, market competition, and the need for ongoing capital investment and debt management.
Sphere Entertainment Co. Reports Fourth Quarter and Full Year 2025 Results
Sphere Entertainment Co. (NYSE: SPHR) reported strong financial results for the fourth quarter and full year ended December 31, 2025, driven by significant revenue growth in its Sphere segment. The company announced plans for a second Sphere venue in the U.S. at National Harbor, continued success with "The Wizard of Oz at Sphere" surpassing two million tickets, and secured new multi-year sponsorship and advertising partnerships. Executive Chairman and CEO James L. Dolan highlighted the validation of Sphere's business model and the company's focus on global expansion.
Did Infosys Theater Rebrand and New Credit Lines Just Reframe Sphere Entertainment's (SPHR) Monetization Strategy?
Sphere Entertainment (SPHR) recently deepened its partnership with Infosys, rebranding the Theater at Madison Square Garden and expanding Infosys's digital presence, which highlights the company's monetization strategy through sponsorships and tech integration. Concurrently, Sphere secured new credit facilities totaling US$550 million, increasing liquidity but also tying the business to certain leverage limits. While the Infosys deal reinforces current monetization themes, the new credit lines are more material, and investors need to assess how increased leverage impacts future flexibility and the company's investment narrative amidst ongoing losses.
Sphere Entertainment Co. to Host Fourth Quarter and Year-End 2025 Conference Call
Sphere Entertainment Co. (NYSE: SPHR) will host a conference call on Thursday, February 12, 2026, at 10:00 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2025. The company will issue a press release with its results before the market opens on the same day. Investors can join the call via telephone or webcast, with a replay available for those unable to attend live.
Sphere Entertainment (NYSE: SPHR) adds secured Las Vegas credit facilities
Sphere Entertainment Co., through its subsidiary MSG Las Vegas, LLC, has secured new senior secured credit facilities with JPMorgan Chase and a lender group. These facilities include a $275 million term loan to refinance existing debt and a $275 million revolving credit facility for working capital and general corporate purposes, including potential distributions. The new arrangement includes financial covenants such as minimum debt service coverage and maximum total leverage ratios, with maturities set for January 29, 2031.
Sphere Entertainment Tests Smaller Sphere Model With Maryland National Harbor Plan
Sphere Entertainment (NYSE:SPHR) announced plans for a second U.S. venue at National Harbor in Maryland, featuring a smaller design than its existing Las Vegas location. This development aims to bring Sphere's immersive entertainment concept to the Washington, D.C. area, leveraging a partnership-heavy funding model with approximately $200 million in combined incentives. For investors, this smaller, more replicable format offers a test of the concept's performance in different markets and potentially a path for broader network expansion, though the company remains unprofitable and faces execution risks.
Sphere, A Major New Entertainment Venue, Has Been Proposed for National Harbor, MD Near DC
A new, smaller-scale Sphere entertainment venue, the second in the US, has been proposed for National Harbor, Maryland. The 6,000-seat venue will feature an Exosphere exterior LED display, an immersive interior display, advanced sound systems, and 4D environmental effects. This project is a collaboration between the State of Maryland, Prince George's County, Sphere Entertainment Co., and Peterson Companies, and is expected to be a significant economic development for the county, though a construction or opening date has not been announced.
Sphere Entertainment, the State of Maryland, Prince George’s County, and Peterson Companies Announce Intent to Develop a Sphere at National Harbor
Sphere Entertainment Co., the State of Maryland, Prince George’s County, and Peterson Companies have announced their intent to develop a new Sphere venue at National Harbor, Maryland. This would be the second Sphere in the U.S. and the first to use a smaller-scale design model, featuring a 6,000-seat capacity and advanced immersive technologies. The project is expected to receive approximately $200 million in incentives, create 2,500 construction jobs and 4,750 operational jobs, and generate over $1 billion annually for the region.
'Wizard Of Oz' Success Sets Sphere Entertainment Up For Strong 2026: Analyst
Seaport Research analyst David Joyce upgraded Sphere Entertainment Co. (NYSE: SPHR) to Buy from Neutral, setting a price forecast of $106 due to the strong performance of its "Wizard of Oz" show and increased musical artist residency bookings. The analyst raised revenue and AOI estimates for the fourth quarter, expecting the Sphere to be fully booked for 2026. Sphere Entertainment shares were up 5.06% on Friday, trading near their 52-week high.
Delta Air Lines Named Official Airline Partner of Sphere
Sphere Entertainment Co. announced Delta Air Lines as the Official Airline of Sphere, establishing a multi-faceted partnership that includes the naming of the Delta SKY360° Club, Sphere's first branded hospitality space. This collaboration highlights a shared commitment to innovation and technology, offering guests enhanced experiences and promoting both brands. Delta will also be featured in custom branded content on the Exosphere and integrated across the venue's onsite signage and digital platforms.
Delta Air Lines Named Official Airline Partner of Sphere
Sphere Entertainment Co. has announced Delta Air Lines as the Official Airline of Sphere, establishing the Delta SKY360° Club as the venue's first branded hospitality space. This partnership will offer intimate lounge experiences during events and provide SkyMiles members access to exclusive packages. Delta will also be featured in custom branded content on the Exosphere and integrated across Sphere's onsite signage and digital platforms, continuing a relationship that began with Delta's CES Keynote at Sphere last year.
Sphere Entertainment (SPHR): Valuation Check After New CTO Hire to Drive Immersive Tech Innovation
Sphere Entertainment (SPHR) has appointed Felicia Yue as CTO, a move aimed at driving its immersive tech innovation amidst significant share price growth. Despite a recent surge in stock value and strong momentum, the company faces modest revenue growth, negative earnings, and a price above the average analyst target yet with a steep intrinsic discount. Valuation models offer differing perspectives, with a narrative fair value suggesting it is overvalued and a DCF model indicating significant undervaluation.
How Investors Are Reacting To Sphere Entertainment (SPHR) Blockbuster Wizard of Oz Ticket Sales Amid Financial Strain
Sphere Entertainment's Wizard of Oz experience in Las Vegas has generated nearly $200 million in revenue from over 1.5 million ticket sales, demonstrating strong audience demand. Despite this success, the company faces financial challenges, including negative operating margins and potential distress indicators. The article explores how this blockbuster revenue might influence Sphere Entertainment's investment narrative, particularly concerning profitability and financial oversight.
Optimistic Investors Push Sphere Entertainment Co. (NYSE:SPHR) Shares Up 25% But Growth Is Lacking
Sphere Entertainment Co. (NYSE:SPHR) has seen its shares rise 25% in the last month and 152% over the past year, leading to a P/S ratio of 3.1x, which is high compared to the industry average. Despite investor optimism, the company's revenue growth has been weak, with a 5.4% decrease last year, and analysts predict slower future revenue growth (6.0% annually) than the industry average (13%). This suggests current high stock prices may not be sustainable given the financial outlook.
Looking Into Sphere Entertainment Co's Recent Short Interest
Sphere Entertainment Co's (NYSE: SPHR) short interest has increased by 6.13% since its last report, with 7.12 million shares sold short, representing 33.44% of available shares. This higher short interest takes approximately 7.6 days to cover and signals a more bearish sentiment among traders compared to its peers. Despite the increase, the article notes that rising short interest can sometimes indicate a potential for a bullish outcome.
Sphere Entertainment Co. Reports Third Quarter 2025 Results
Sphere Entertainment Co. announced its third-quarter 2025 financial results, with revenues increasing by 15% to $262.5 million compared to the prior year. The Sphere segment experienced significant growth due to the successful debut of "The Wizard of Oz at Sphere" and increased event-related revenues, while the MSG Networks segment saw a decline in revenue primarily due to a decrease in subscribers. The company also repurchased approximately $50 million of its Class A common stock during the quarter, indicating confidence in its long-term growth.
Sphere Entertainment Co. Class A (SPHR) Stock Price | Live Quotes & Charts | NYSE
This page provides live quotes and charts for Sphere Entertainment Co. Class A (SPHR) stock on the NYSE. It displays the current stock price, daily change, and offers various charting options. The article also includes sections for analyst ratings and earnings information, indicating that no current data is available for these categories.
Sphere Entertainment Co. Reports Third Quarter 2025 Results
Sphere Entertainment Co. announced solid third-quarter results for 2025, with revenues rising 15% to $262.5 million, driven by the Sphere segment's strong performance, particularly "The Wizard of Oz at Sphere" experience and increased event-related revenues. Despite an increased operating loss, adjusted operating income significantly improved, reflecting the company's strategic focus on the Sphere business. The company also repurchased $50 million of its Class A common stock, signaling confidence in its long-term growth prospects.
Sphere Entertainment Co. (NYSE:SPHR) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Sphere Entertainment Co. (NYSE:SPHR) has seen its stock gain 30% in the last month and 76% over the last year, despite its price-to-sales ratio of 2.5x being higher than the industry average. However, the company's revenue declined by 5.4% in the last year, and analysts forecast future revenue growth of 5.6% annually, which is lower than the industry's projected 13% growth. This suggests that the high P/S ratio might be driven by investor optimism not fully supported by current financial performance or analyst expectations.
Sphere Entertainment Co. Reports Third Quarter 2025 Results
Sphere Entertainment Co. reported a 15% revenue increase to $262.5 million for Q3 2025, driven by its Sphere segment, despite an operating loss of $129.7 million. The company highlighted the success of "The Wizard of Oz at Sphere" and strategic share repurchases, with management optimistic about long-term growth and global expansion plans.
Sphere Entertainment falls 6% as Q3 results miss expectations
Sphere Entertainment Co. (NYSE:SPHR) saw its shares fall 6.15% after reporting third-quarter financial results that missed analyst expectations, despite strong ticket sales for "The Wizard of Oz at Sphere." The company posted a wider-than-expected loss of $2.80 per share and revenue of $262.5 million, which was below forecasts, although Sphere revenue itself increased significantly. Executive Chairman and CEO James L. Dolan expressed confidence in the company's long-term growth as it continues to execute its global vision for Sphere.
SPHR Stock Price and Chart — NYSE:SPHR
This article provides a detailed overview of Sphere Entertainment Co. (SPHR) stock performance, financials, and analyst ratings. It highlights key statistics, upcoming earnings, and identifies ETFs that hold SPHR. The content emphasizes Sphere Entertainment's business segments and recent operational insights, particularly regarding the Las Vegas Sphere.
Guggenheim raises Sphere Entertainment price target on Wizard of Oz strength - Investing.com Canada
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Sphere Entertainment Co. (NYSE:SPHR) Given Consensus Recommendation of "Hold" by Analysts - MarketBeat
Sphere Entertainment Co. (NYSE:SPHR) has received a consensus "Hold" rating from analysts, with an average target price of $54.88. The company recently reported strong earnings per share of $3.39, significantly exceeding estimates, and a 3.4% year-over-year increase in quarterly revenue. Institutional investors have actively traded SPHR shares, with hedge funds and other institutional investors owning 92.03% of the stock.
\‘Wizard of Oz at Sphere’ has generated over $65M in ticket sales, company says
“Wizard of Oz at Sphere” has generated over $65 million in ticket sales, selling more than 500,000 tickets since its debut on August 28, 2025. The experience has sold over 280,000 tickets in the 15 days following its premiere. Tickets are available through April 2026 for the show at the Las Vegas venue.
Sphere Entertainment Co. Repurchases Additional $22.5 Million of SPHR Class A Common Stock
Sphere Entertainment Co. announced it repurchased an additional $22.5 million of SPHR Class A common stock, consisting of 425,219 shares at an average price of $52.91 per share, between September 3 and September 11, 2025. This brings the total repurchases in 2025 to $50 million, involving 1,054,247 shares at an average price of $47.43 per share. The company plans to continue evaluating opportunistic share repurchases, with approximately $300 million remaining under its current authorization.
Guggenheim raises Sphere Entertainment price target on Wizard of Oz success
Guggenheim has increased its price target for Sphere Entertainment (NYSE: SPHR) to $76.00 from $75.00, maintaining a Buy rating. This adjustment follows the strong initial success of Sphere’s "The Wizard of Oz" experience, which has shown higher-than-expected ticket sales and per-show revenue compared to previous productions. The firm has revised its financial forecasts for the company, anticipating increased revenue and operating income for Q3 2025 and the full year.
Sphere Entertainment announces CEO departure at MSG Networks
Sphere Entertainment Co. (NYSE: SPHR) announced that Andrea Greenberg, President and CEO of its subsidiary MSG Networks Inc., departed the company following the expiration of her employment agreement. She will receive certain benefits, including the full vesting of her restricted stock units and performance stock units, and her 2025 target bonus, with her non-compete clause waived. This news follows Sphere Entertainment's strong Q2 2025 financial results, which showed a significant EPS surprise despite a slight revenue miss, leading to varied analyst ratings.
Sphere Entertainment Co. repurchases $27.5 million of Sphr Class A common stock
Sphere Entertainment Co. has repurchased $27.5 million worth of its Class A common stock, SPHR. This transaction was published on September 3, 2025, at 08:35 am EDT. The company, which is involved in live entertainment and media, continues to manage its equity through such buyback programs.
Sphere exec says ‘Wizard of Oz’ will build audience, even with higher ticket prices
Sphere Entertainment's executive chairman, Jim Dolan, is confident that the upcoming "The Wizard of Oz" show will significantly boost the venue's audience, despite higher ticket prices starting at $104. The show has already sold 127,000 tickets and is expected to increase Sphere's visitor draw from 7% to 10% of Las Vegas tourists. Dolan also discussed plans for global expansion, including smaller, more affordable Sphere venues and a packed calendar of concerts and new features.
Walk Down the Yellow Brick Road at The Venetian Resort Las Vegas in Celebration of The Wizard of Oz at Sphere
The Venetian Resort Las Vegas, in partnership with Sphere Entertainment Co., has launched a new "Wizard of Oz" themed activation in its Waterfall Atrium. This free public exhibit features life-size characters from the film and 5,000 silk poppies, building anticipation for "The Wizard of Oz at Sphere" immersive experience opening on August 28, 2025. The Sphere show will utilize the venue's massive display, immersive sound, and 4D elements to bring the classic film to life for audiences.
SPHR SEC Filings - Sphere Entertainment Co 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Sphere Entertainment Co (SPHR) SEC filings, including annual 10-K reports, quarterly 10-Q earnings, 8-K material events, and insider trading forms. It highlights recent filings such as significant ownership disclosures by Bank of Nova Scotia and Ariel Investments, as well as insider sales and executive appointments. The platform offers real-time updates and AI-powered summaries of these regulatory documents.
8 must-see attractions on the Las Vegas Strip
This article lists eight essential attractions on the Las Vegas Strip, ranging from natural floral displays to thrilling rides and unique immersive experiences. It provides details on locations, hours of operation, and ticket prices for each attraction, offering a comprehensive guide for visitors to Las Vegas.
Beyoncé Gets Cease-And-Desist Over Vegas Sphere Imagery After Residency Deal Collapsed
Beyoncé has received a cease-and-desist letter from Sphere Entertainment Co. for unauthorized use of the Las Vegas Sphere's imagery in her "Cowboy Carter" tour visuals. The legal action comes after concertgoers shared footage of an enlarged Beyoncé manipulating a digital Sphere during her show. This dispute follows a breakdown in negotiations for a potential Beyoncé residency at the Sphere, reportedly due to the venue's refusal to close for her rehearsals and disagreements over her requested $10 million fee.
There's no place like Sphere to watch 'The Wizard of Oz'
Sphere in Las Vegas will begin presenting an enhanced, immersive version of "The Wizard of Oz" on August 28, utilizing cutting-edge technologies like generative AI to optimize the 1939 film for its unique venue. Concurrently, Sphere Studios is producing "From the Edge," a film about extreme sports directed by Oscar-winning filmmakers E. Chai Vasarhelyi and Jimmy Chin, scheduled to debut in 2026. These projects aim to expand Sphere's diverse experiential offerings.
The MSG Family Of Companies And PepsiCo Expand Multi-Year Partnership
The MSG Family of Companies, including Madison Square Garden Entertainment, Madison Square Garden Sports, and Sphere Entertainment, announced an expanded multi-year partnership with PepsiCo. This collaboration will give PepsiCo brands significant presence across MSG's premier sports and entertainment venues, sports franchises, and networks. The renewed partnership aims to enhance fan experiences with PepsiCo products and brand exposure through various activations, including a prominent presence at Sphere and Madison Square Garden.
The minds behind the Las Vegas Sphere plan to put mini-Spheres across the globe
The creators of the Las Vegas Sphere are planning to construct "mini-Spheres" globally, scaling down the original 20,000-capacity venue to accommodate 5,000 people. These smaller venues aim to make the immersive experience more accessible to a wider range of artists and could generate a more regular income flow, despite the original Sphere's high construction cost and reported financial losses. This expansion follows previous plans for a full-scale Sphere in Abu Dhabi and a rejected proposal for London.
Voting Now Open for Second Annual Sphere XO Student Design Challenge
Voting has opened for the second annual Sphere XO Student Design Challenge, allowing the public to vote daily for artwork created by Las Vegas-based students. Eight winners (four by public vote, four by artist judges) will have their Earth Day-inspired art displayed on the Sphere's Exosphere, with high school and UNLV winners receiving $10,000 scholarships and younger students earning a $10,000 art program donation for their schools. This challenge is a collaboration between Sphere, UNLV, and the Clark County School District, promoting STEAM education and offering a unique platform for student artists.
Sphere Entertainment Names Marcus Ellington Executive Vice President, Ad Sales And Sponsorships
Sphere Entertainment Co. announced the appointment of Marcus Ellington as Executive Vice President, Ad Sales and Sponsorships for Sphere. In this role, Ellington will lead ad sales and sponsorships, focusing on maximizing revenue and managing client relations for Sphere's assets, including the Exosphere. He brings 20 years of experience from Google and Interactive One, aiming to leverage Sphere as an unparalleled platform for brands.
SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS
Sphere Entertainment Co. reported its fiscal 2024 fourth quarter and full-year results, highlighting significant revenue growth driven by the successful opening and initial operations of Sphere in Las Vegas. The company saw its total revenues increase by 79% to $1,026.9 million for the full fiscal year and an improvement in adjusted operating income. MSG Networks also contributed, despite a slight decrease in distribution revenue, with increased advertising sales.
James Dolan Will Be Sphere Entertainment’s CEO for Three More Years
James Dolan has signed a three-year contract extension to continue as Sphere Entertainment Co.'s executive chairman and CEO until June 30, 2027. His compensation package includes a base salary of at least $230,000, a significant annual bonus opportunity, and stock options. Sphere Entertainment, known for its Las Vegas venue and MSG Networks, reported $170 million in revenue for the quarter ended March 31.
Warner Bros Vet Carolyn Blackwood Named Head Of Sphere Studios
Carolyn Blackwood, former COO of Warner Bros Motion Picture Group, has been appointed Head of Sphere Studios at Sphere Entertainment Co. She will oversee the Burbank-based studios, responsible for creating immersive content and experiences for The Sphere in Las Vegas. Blackwood's extensive background in film production, including her work on major franchises at Warner Bros and New Line Cinema, will be instrumental in developing Sphere's entertainment capabilities.
Sphere Entertainment Acquires HOLOPLOT
Sphere Entertainment Co. has acquired all remaining shares of HOLOPLOT, a global provider of 3D audio technology, after an initial investment in 2018. This acquisition stems from their partnership in developing Sphere Immersive Sound, which debuted in Las Vegas in 2023. HOLOPLOT will continue to operate as a wholly-owned subsidiary based in Berlin.
The Software Behind High-Resolution Video at Sphere Entertainment
Sphere Entertainment Co. and Hitachi Vantara have revealed how Hitachi Vantara's data processing software powers the high-resolution LED screens at Sphere in Las Vegas. This technology enables the streaming of immersive content on an unprecedented scale, handling over 400 gigabytes per second of throughput with low latency and high color fidelity. The system, based on Hitachi Content Software for File, is also deployed at Sphere Studios’ Big Dome for content development.
OAK VIEW GROUP TOGETHER WITH MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT ANNOUNCE FORMATION OF 'CROWN PROPERTIES COLLECTION' TO MANAGE ELITE VENUE PARTNERSHIPS AND SPONSORSHIPS WORLDWIDE
Oak View Group, together with Madison Square Garden Entertainment Corp. and Sphere Entertainment Co., announced the formation of Crown Properties Collection (CPC). This new entity will manage marquee partnerships for major sports and entertainment brands and venues worldwide, beginning with properties from the MSG family of companies including Sphere, Madison Square Garden, and the New York Knicks and Rangers. Jay Voelker, formerly of the PGA TOUR, will lead the CPC as President, aiming to revolutionize global partnerships in the sports and entertainment industries.
An Incredible Lineup of Talent Set to Join the ‘Christmas Spectacular Starring the Radio City Rockettes – At Home Holiday Special’
NBC and the Radio City Rockettes are presenting an "At Home Holiday Special" of the Christmas Spectacular, airing Wednesday, Dec. 2 (10-11 p.m. ET/PT). The special will feature iconic performances previously recorded at Radio City Music Hall, alongside appearances and holiday messages from a star-studded lineup including Jenna Dewan, Whoopi Goldberg, Josh Groban, Carla Hall, Padma Lakshmi, and John Legend. NBC News’ “TODAY” co-anchors Savannah Guthrie and Hoda Kotb will host this unique broadcast, marking the first time in Radio City's history that the live "Christmas Spectacular" has not been performed.
MSG Entertainment Names Scott Packman Executive Vice President and General Counsel
Madison Square Garden Entertainment Corp. (MSG Entertainment) has appointed Scott Packman as Executive Vice President and General Counsel, effective July 1. Packman, with over 25 years of legal experience, will oversee all legal affairs for the company, supporting its growth initiatives and reporting to Jim Dolan, Executive Chairman and Chief Executive Officer. His extensive background includes a 14-year career at MGM Holdings/Metro-Goldwyn-Mayer.
Boston Calling Music Festival Announces Its 2018 Lineup Headlined by Eminem, The Killers, and Jack White
The Boston Calling Music Festival announced its 2018 lineup, featuring headliners Eminem, The Killers, and Jack White, along with over 54 performances and special programming curated by Natalie Portman. The festival will take place at the Harvard Athletic Complex in Allston, MA, from May 25-27, 2018, with early bird tickets available starting January 4th. The article details the extensive musical acts, comedy lineup, and improvements to the festival's layout and amenities.
