Jun 2026 (Q2 FY26) — Jul 30, 2026
Sphere Entertainment Co. Q2 FY26 — Global Expansion and Content Diversification Drive Growth
Read the full callSphere Entertainment (SPHR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Sphere Entertainment earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 314 | +11.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -19.5 | −1.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -38.3 | −125.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$102.89 −0.62% · −$0.64
Performance +75.3% 1Y
1Y: $58.7 on 17 Oct 2025 → $102.89. High $176.38 (13 Aug 2026), low $58.7 (17 Oct 2025).
- Previous close
- $103.53
- 52-week range
- $63.09 – $176.38
- One year
- +63.08%
Overview
- Symbol
- SPHR
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Sphere Entertainment Co. Q1 FY26 — Strong Sphere Performance Drives Revenue Growth and Global Expansion Plans
Read the full callEvery analysed call
Sphere Entertainment earnings calls (SPHR)
Financials
What the filings say
Net profit, year on year: −125% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 228 | 308 | 281 | 283 | 263 | 394 | 386 | 314 |
| Operating profit | -118 | -143 | -79 | -50 | -130 | 29 | 7 | -61 |
| Operating margin | −51.6% | −46.4% | −28.0% | −17.7% | −49.4% | 7.3% | 1.9% | −19.5% |
| Interest | 27 | — | 26 | 26 | 9 | — | 8 | 8 |
| Profit before tax | -138 | — | -102 | 274 | -137 | 22 | -0 | -65 |
| Tax rate | 23.9% | — | 19.9% | 44.5% | 26.0% | −188.4% | 1270.6% | 41.3% |
| Net profit | -105 | -126 | -82 | 152 | -101 | 65 | 4 | -38 |
| EPS ($ per share) | -2.95 | — | -2.27 | 4.18 | -2.80 | — | 0.04 | -1.07 |
| Line item | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | — | 0 | 142 | -96 | -291 | 212 | 11 | -186 |
| Total liabilities | — | 662 | 845 | 2,972 | 3,363 | 2,389 | 2,372 | 1,977 |
| Fixed assets | — | 1,349 | 1,660 | 2,156 | 2,158 | 3,307 | 3,158 | 2,711 |
| Investments | — | 108 | 337 | 0 | — | — | — | — |
| Total assets | — | 3,316 | 3,734 | 5,290 | 5,522 | 4,973 | 4,788 | 4,210 |
| Line item | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 144 | 101 | 308 | -59 | 141 | 154 | -20 | 243 |
| Cash from investing | -170 | -238 | -395 | -123 | -804 | -654 | -45 | -4 |
| Cash from financing | 15 | -9 | -114 | 593 | -30 | 86 | 210 | -233 |
| Net cash flow | -10 | -140 | -197 | 419 | -694 | -417 | 144 | 6 |
| Capital expenditure | -187 | -184 | -455 | -456 | -757 | — | — | — |
| Free cash flow | -43 | -83 | -147 | -515 | -615 | — | — | — |
SPHR revenue by segment
MSG Networks shrank from 47% to 28% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Sphere Entertainment | 53% | 56% | 56% | 62% | 66% | 68% | 69% | 72% | +29.0% |
| MSG Networks | 47% | 44% | 44% | 38% | 34% | 32% | 31% | 28% | -18.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
38 filings between Feb 17, 2026 and Sep 15, 2026.
Open market
decisions to buy or sellNobody bought or sold SPHR on the open market in this window. The filings below are 22 option exercises, 14 tax withholdings and 2 dispositions to the issuer.
Compensation
not trading decisions- 22
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Dolan Ryan Thomas Director | Option exercise | 825 | $0 |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Option exercise | 807 | $0 |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Option exercise | 8,269 | $0 |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Tax withheld | 32,582 | $4.70M |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Option exercise | 26,897 | $0 |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Tax withheld | 309 | $44.5K |
| Sep 15, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Option exercise | 26,897 | $0 |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Tax withheld | 585 | $84.3K |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Option exercise | 46,742 | $0 |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Option exercise | 8,966 | $0 |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Tax withheld | 13,826 | $1.99M |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Option exercise | 6,829 | $0 |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Option exercise | 11,988 | $0 |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Option exercise | 20,487 | $0 |
| Sep 15, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Option exercise | 80,689 | $0 |
| Sep 15, 2026 | Koester Jennifer President & COO, Sphere | Tax withheld | 10,458 | $1.51M |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Option exercise | 321 | $0 |
| Sep 15, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Tax withheld | 13,730 | $1.98M |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Option exercise | 3,213 | $0 |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Option exercise | 269 | $0 |
| Sep 15, 2026 | Dolan Ryan Thomas Director | Option exercise | 275 | $0 |
| Sep 15, 2026 | Granville-Smith David Executive Vice President | Tax withheld | 14,874 | $2.14M |
| Sep 15, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Tax withheld | 41,191 | $5.94M |
| Mar 13, 2026 | Dolan Ryan Thomas Director | Tax withheld | 325 | $34.4K |
| Mar 13, 2026 | Koester Jennifer President & COO, Sphere | Option exercise | 17,254 | $0 |
| Mar 13, 2026 | Dolan Ryan Thomas Director | Option exercise | 238 | $0 |
| Mar 13, 2026 | Granville-Smith David Executive Vice President | Tax withheld | 3,688 | $389.8K |
| Mar 13, 2026 | Granville-Smith David Executive Vice President | Option exercise | 6,704 | $0 |
| Mar 13, 2026 | Dolan Ryan Thomas Director | Option exercise | 670 | $0 |
| Mar 13, 2026 | Langer Robert H. EVP, CFO & Treasurer | Tax withheld | 5,416 | $572.5K |
| Mar 13, 2026 | Koester Jennifer President & COO, Sphere | Tax withheld | 8,808 | $931.0K |
| Mar 13, 2026 | Langer Robert H. EVP, CFO & Treasurer | Option exercise | 10,648 | $0 |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Tax withheld | 21,670 | $2.49M |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Tax withheld | 63,761 | $7.31M |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Disposition to issuer | 11,600 | $1.33M |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Disposition to issuer | 11,600 | $1.33M |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Option exercise | 54,315 | $3.66M |
| Feb 17, 2026 | DOLAN JAMES LAWRENCE Executive Chairman and CEO | Option exercise | 54,315 | $3.66M |
| Sep 15, 2025 | Dolan Ryan Thomas Director | Tax withheld | 367 | $22.1K |
| Sep 15, 2025 | Dolan Ryan Thomas Director | Option exercise | 321 | $0 |
| Sep 15, 2025 | Dolan Ryan Thomas Director | Option exercise | 275 | $0 |
| Sep 15, 2025 | Dolan Ryan Thomas Director | Option exercise | 269 | $0 |
| Sep 15, 2025 | Dolan Ryan Thomas Director | Option exercise | 165 | $0 |
| Sep 15, 2025 | Franco Laura EVP & General Counsel | Tax withheld | 4,318 | $260.3K |
| Sep 15, 2025 | Franco Laura EVP & General Counsel | Option exercise | 1,093 | $0 |
| Sep 15, 2025 | Franco Laura EVP & General Counsel | Option exercise | 1,323 | $0 |
| Sep 15, 2025 | Koester Jennifer President & COO, Sphere | Option exercise | 11,988 | $0 |
| Sep 15, 2025 | Franco Laura EVP & General Counsel | Option exercise | 8,302 | $0 |
| Sep 15, 2025 | Brunner Gregory SVP, Controller & PAO | Tax withheld | 757 | $45.6K |
| Sep 15, 2025 | Koester Jennifer President & COO, Sphere | Option exercise | 6,829 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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