Inside the research
Sphere Entertainment Co.
SPHR Research profile · latest available data
Price overview
$141.13
▲ +2.69 (+1.9%)
| 52w hi | $176.38 |
|---|---|
| 52w lo | $57.79 |
| Vol | 403.50K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.19
| Short | -0.04 |
|---|---|
| Medium | -0.19 |
| Long | -0.47 |
computed 2026-09-27
Key fundamentals
Sphere Entertainment Co.
Communication Services · Entertainment
| Market cap | $5.07B |
|---|---|
| Enterprise value | $5.43B |
| Forward P/E | -68.84x |
| EV / EBITDA | 21.35x |
| P / S (ttm) | 3.74x |
| Profit margin | -5.7% |
| Return on equity | -3.1% |
| Revenue growth | +11.0% |
| Debt / equity | 40.99 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.01 | |
| Sector | +0.03 | |
| Technical | -0.08 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 1.58 |
|---|---|
| Corr SPX | 0.48 |
| Annual vol | 53.1% |
| Annual ret | +75.7% |
| Sharpe | 1.42 |
| Max DD | -50.4% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-06-12 | Shareholder Vote | read |
| 2026-05-05 | Earnings Release, Exhibits | read |
| 2026-02-12 | Earnings Release, Exhibits | read |
| 2026-02-03 | Material Agreement, Material Obligation… | read |
| 2025-11-21 | Officer / Director Change, Exhibits | read |
| 2025-11-04 | Earnings Release, Exhibits | read |
| 2025-09-26 | Officer / Director Change | read |
| 2025-09-08 | Officer / Director Change | read |
| 2025-08-11 | Earnings Release, Exhibits | read |
| 2025-07-28 | Reg FD Disclosure | read |
| 2025-06-27 | Material Agreement, Material Obligation… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 98.8% |
| HHI | 2,703 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $187.21M | 1.08M |
| Fidelity / FMR LLC | $167.66M | 968.99K |
| Citadel Advisors | $80.63M | 466.00K |
| Renaissance Technologies | $44.28M | 255.94K |
| Millennium Management | $32.92M | 190.24K |
| AQR Capital Management | $5.85M | 33.80K |
| Capital Research / Capital World | $117.55K | 24.00K |
| T. Rowe Price Group | $7.59K | 43.89K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2020–2025 · 6 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $534.76M | +24.4% | |
| Operating income | -$260.56M | -58.2% | |
| Net income | $502.77M | +317.7% | |
| Cash from ops | $243.35M | +26.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $139.24 | $142.24 | $136.67 | $141.13 | 403.50K |
| Sep 24 | $135.35 | $138.61 | $133.21 | $138.44 | 566.00K |
| Sep 23 | $140.34 | $140.74 | $135.82 | $135.89 | 656.30K |
| Sep 22 | $146.60 | $149.45 | $140.75 | $141.91 | 499.70K |
| Sep 21 | $146.85 | $149.20 | $144.83 | $145.14 | 653.70K |
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