The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

SPHR

Concerning the House

Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

United States · www.sphereentertainmentco.com

The Long Run

FY 2020–2025 · 6 years

LineLatestCAGRTrend
Revenue$534.76M+24.4%
Operating income-$260.56M-58.2%
Net income$502.77M+317.7%
Cash from ops$243.35M+26.2%
Quotation

$175.09

+12.60 (+7.8%)

52w hi$175.09
52w lo$38.70
Vol787.82K
As ofAug 12
The Verdict

Hold

Our score -0.40

Short+0.02
Medium-0.60
Long-0.84

computed 2026-08-12

By the Numbers

Sphere Entertainment Co.

Communication Services · Entertainment

Market cap$6.29B
Enterprise value$6.19B
Trailing P/E
Forward P/E-81.82x
EV / EBITDA24.35x
P / S (ttm)4.63x
Profit margin-5.7%
Return on equity-3.1%
Revenue growth+11.0%
Earnings growth
Debt / equity40.99
Risk Metrics
Beta vs SPX1.57
Corr SPX0.48
Annual vol53.5%
Annual ret+86.5%
Sharpe1.62
Max DD-51.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.01
Sector-0.03
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$164.78$176.00$165.79$175.09787.82K
Aug 11$162.76$166.43$162.01440.80K
Aug 10$159.54$163.81$157.72$162.49572.60K
Aug 7$154.91$161.39$154.91$159.54854.60K
Aug 6$160.20$161.43$154.16$154.23632.60K