Sphere Entertainment Co (SPHR) FinancialsSPHRSphere Entertainment Co

Sphere Entertainment Co. (SPHR) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Event related, accounting for 47.9% of total sales, equivalent to $150.24M. Other significant revenue streams include Media related, primarily from affiliation agreements and Food, beverage, and merchandise revenues. Understanding this composition is critical for investors evaluating how SPHR navigates market cycles within the Leisure & Recreation industry.

Evaluating the bottom line, Sphere Entertainment Co. maintains a gross margin of 24.95%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -19.43%, while the net margin is -12.22%. These profitability ratios, combined with a Return on Equity (ROE) of -3.38%, provide a clear picture of how effectively SPHR converts its operational activities into shareholder value.

In the context of the broader market, SPHR competes directly with industry leaders such as THH. With a market capitalization of $6.03B, it holds a leading position in the sector. When comparing efficiency, SPHR's gross margin of 24.95% stands against THH's 7.63%. Such benchmarking helps identify whether Sphere Entertainment Co. is trading at a premium or discount relative to its financial performance.

Sphere Entertainment reported a 30% year-over-year revenue increase in Q2 2026, but also a net income loss of $38.79 million, indicating ongoing financial challenges despite growth.