[Form 3] Sphere Entertainment Co. Initial Statement of Beneficial Ownership
Sphere Entertainment Co.'s EVP & Chief Legal Officer, Allen M. Lo, has filed an initial Form 3, reporting zero direct holdings of Class A Common Stock. This filing establishes a baseline for future insider ownership disclosures. The document confirms Mr. Lo became an officer of Sphere Entertainment Co. on March 30, 2026.
Sphere Entertainment (SPHR) awards 15,734 RSUs to EVP Allen Lo
Sphere Entertainment Co. (SPHR) has granted 15,734 Restricted Stock Units (RSUs) to its EVP & Chief Legal Officer, Allen M. Lo. These RSUs, valued at $0.00 each, represent the right to receive one share of Class A Common Stock or its cash equivalent and will vest in three equal installments from 2027 to 2029. This award increases Lo's direct RSU holdings to 15,734 shares.
Vanguard disaggregates holdings; Sphere Entertainment (SPHR) shows 0% ownership
Vanguard has filed an amended Schedule 13G/A, reporting 0 shares beneficially owned and 0% ownership of Sphere Entertainment Co (SPHR) common stock. This change is attributed to an internal realignment effective January 12, 2026, where certain Vanguard subsidiaries will now report their holdings separately. The filing is not indicative of a sale of SPHR shares by Vanguard but rather a restructuring of their reporting practices.
Insider to sell 24,389 SPHR shares after RSU conversion (NYSE: SPHR)
Sphere Entertainment Co. (NYSE: SPHR) insider Charles Dolan has filed a Form 144 to sell 24,389 shares of Class A Common stock. These shares resulted from the conversion of Restricted Stock Units (RSUs) on March 19, 2026. J.P. Morgan Securities LLC is listed as the broker for the intended sale on the NYSE.
Sphere Entertainment (SPHR) Valuation Check After Oil Relief And Qatar Trademark Momentum
Sphere Entertainment (SPHR) saw its stock rise due to eased oil concerns and news of securing "Sphere Doha" and "Sphere Qatar" trademarks, fueling speculation about international expansion. Despite recent fluctuations, the stock has shown strong long-term momentum. While a narrative fair value suggests it is 13.6% undervalued, its high P/E ratio compared to industry averages signals potential valuation risk.
Sphere Entertainment (SPHR) director exercises RSUs; 325 shares withheld for taxes
Sphere Entertainment Co. director Ryan Thomas Dolan exercised Restricted Stock Units (RSUs) on March 13, 2026, converting them into Class A Common Stock. He acquired 670 and 238 shares, but 325 shares were withheld at $105.70 per share to cover tax withholding obligations associated with the RSU vesting. Following these transactions, Dolan directly holds 4,059 Class A shares, and the remaining RSUs are set to vest in installments on March 15, 2027, and March 15, 2028.
Sphere Entertainment (SPHR) director receives 2,391 RSU equity award
Sphere Entertainment Co. director Ryan Thomas Dolan reported receiving an equity award of 2,391 Restricted Stock Units (RSUs) of Class A Common Stock. These RSUs are compensation-related and will vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029, aligning his incentives with the company's long-term performance. This award is distinct from an open-market stock purchase or sale.
Sphere Entertainment (SPHR) COO nets RSUs and uses 8,808 shares for taxes
Sphere Entertainment Co.'s President & COO, Jennifer Koester, had 17,254 restricted stock units (RSUs) vest, converting into Class A Common shares. As part of this transaction, 8,808 shares were withheld at $105.70 each to cover tax withholding obligations. After these events, Koester directly holds 30,918 shares of Class A Common Stock.
Sphere Entertainment (SPHR) EVP exercises RSUs; tax withholding reduces net share delivery
Sphere Entertainment Co.'s EVP, David Granville-Smith, exercised 6,704 restricted stock units (RSUs) on March 13, 2026. A portion of these shares (3,688) was withheld at $105.70 per share to cover tax obligations. Following this transaction, he directly holds 56,464 Class A Common shares and 13,410 RSUs remaining to vest in 2027 and 2028.
[Form 4] Sphere Entertainment Co. Insider Trading Activity
Sphere Entertainment Co.'s EVP, CFO, and Treasurer, Robert H. Langer, exercised 10,648 restricted stock units (RSUs) into common stock on March 13, 2026. A portion of these shares were withheld to cover tax obligations, resulting in Langer directly owning 5,232 shares. The original RSU grant has subsequent vesting dates in 2027 and 2028.
[Form 4] Sphere Entertainment Co. Insider Trading Activity
Robert H. Langer, EVP, CFO & Treasurer of Sphere Entertainment Co. (SPHR), reported the acquisition of 7,527 Restricted Stock Units (RSUs) on March 11, 2026, as detailed in a Form 4 SEC filing. These RSUs, which represent shares of Class A Common Stock or their cash equivalent, will vest in three equal installments on March 15, 2027, 2028, and 2029. This compensation structure aims to align his interests with the company's long-term performance.
Sphere Entertainment (NYSE: SPHR) director granted stock appreciation rights
Sphere Entertainment Co. director Ryan Thomas Dolan received three grants of stock appreciation rights (SARs) on October 25, 2023, under the company’s 2020 Employee Stock Plan. Each grant covers 14,031 SARs tied to Class A common stock, with exercise prices of $42.23, $45.60, and $50.67 per share. These SARs will vest on October 20, 2026, provided Dolan remains employed by Sphere Entertainment or its subsidiaries.
Sphere Entertainment (NYSE: SPHR) awards 1,273 RSUs to senior finance executive
Sphere Entertainment Co. (NYSE: SPHR) has awarded 1,273 Restricted Stock Units (RSUs) to Christopher J. Winters, its SVP, Controller & PAO, as reported in a recent SEC Form 4 filing. These RSUs, which represent a right to receive one share of Class A Common Stock or its cash equivalent, will vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Following this grant, Winters directly holds 1,273 RSUs.
Dolan family (SPHR) details 24.4% Sphere stake and share collateral
An updated Schedule 13D/A filing reveals that members of the Dolan family and related trusts beneficially own approximately 24.4% of Sphere Entertainment Co.'s Class A Common Stock. The filing also details James L. Dolan's cashless exercise of stock options and the pledging of over 1 million Class A shares as collateral for a secured margin line of credit with JPMorgan. This disclosure provides insight into the family's coordinated ownership and financial arrangements related to their significant stake in Sphere Entertainment.
Sphere Entertainment (SPHR) leaders exercise options and adjust share holdings
Sphere Entertainment Co. executives James L. Dolan and Kristin A. Dolan recently exercised 54,315 stock options each, granted under the MSG Networks Inc. 2010 Employee Stock Plan. These cashless exercises on February 17, 2026, resulted in dispositions to the issuer and shares withheld at $114.71 per share to cover the exercise price and tax obligations, rather than open-market sales. Following these transactions, James L. Dolan directly holds 978,468 shares of Class A Common Stock, with explicit disclaimers regarding indirect holdings by his spouse, minor children, and household members for beneficial ownership purposes.
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.
Ariel discloses 11.1% passive stake in Sphere Entertainment (NYSE: SPHR)
Ariel Investments, LLC has revealed an 11.1% passive stake in Sphere Entertainment Co. (NYSE: SPHR), holding 3,168,534 shares of Class A common stock as of December 31, 2025. This disclosure, made via a Schedule 13G/A filing, indicates that Ariel Investments holds these shares in the ordinary course of business and not to influence control of Sphere Entertainment. Ariel maintains sole voting power over a portion of these shares and sole dispositive power over all disclosed shares, with its adviser clients ultimately benefiting from dividends and sale proceeds.
Expert Outlook: Sphere Entertainment Through The Eyes Of 8 Analysts
Eight analysts have recently rated Sphere Entertainment (NYSE: SPHR), providing a varied outlook with an average 12-month price target of $110.0, a 25.47% increase from the previous average. While the company demonstrates positive revenue growth, its market capitalization is below industry averages, and it faces challenges with net margin, return on equity, and return on assets. Analysts have updated their recommendations based on market conditions, with several raising their price targets for the stock.
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.
Sphere’s Next Act Could Be National Harbor, With Maryland and County Support
Sphere Entertainment Co. is planning to develop a smaller-scale Sphere venue at National Harbor, Maryland, which would be the second location in the U.S. The project, supported by the State of Maryland and Prince George’s County, aims to create thousands of jobs, generate significant revenue, and provide immersive entertainment experiences with its signature LED display and advanced in-venue technology. The proposal, which involves public and private funding, is contingent on definitive agreements and governmental approvals.
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.
