YOLFTbeta
Sphere Entertainment Co.

Sphere Entertainment Co.

SPHR · NYSE · Communication Services / Entertainment

125.56USD+1.90 (+1.54%)

Price History

Full chart

Market Stats

Previous Close123.66
Open124.29
Day Range121.93 – 126.70
52-Week Range64.00 – 181.63
Volume567.11K
Market Cap4.05B
P/E (TTM)0.00
Forward P/E28.41
EPS-2.69
Dividend Yield0.00%
Beta1.60
50-Day Avg137.79
200-Day Avg129.83

About

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.

Company Details

  • SectorCommunication Services
  • IndustryEntertainment
  • CEOMr. James Lawrence Dolan
  • Employees1.10K
  • HeadquartersTwo Pennsylvania Plaza, New York, NY, United States, 10121, USA
  • Websitehttps://www.sphereentertainmentco.com

Leadership

  • Mr. James Lawrence DolanExecutive Chairman & CEO · b. 1955
  • Ms. Jennifer KoesterPresident & COO · b. 1974
  • Mr. Robert LangerExecutive VP, CFO & Treasurer · b. 1965
  • Mr. Christopher WintersSVP, Controller & Principal Accounting Officer · b. 1981
  • Mr. David Granville-SmithExecutive Vice President · b. 1968
  • Ms. Felicia YueExecutive VP & CTO
  • Mr. Ari Danes C.F.A.Senior Vice President of Investor Relations & Treasury
  • Mr. Allen LoExecutive VP & Chief Legal Officer · b. 1968
  • Ms. Karen Laureano-RikardsenGlobal Head of Corporate Marketing & Communications
  • Mr. Ryan Thomas DolanExecutive VP, Head of Event & Interactive Technology and Director · b. 1990

Financials

Income Statement

Currency: USD2016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue1.12B711.02M988.99M1.05B1.44B647.51M610.05M573.83M1.03B1.03B1.22B
Growth (%)--36.25%+39.09%+6.06%+36.91%-54.91%-5.78%-5.94%+78.95%0.00%+18.81%
Cost of Revenue737.86M517.08M635.22M670.64M790.50M262.86M320.28M342.21M547.82M804.32M589.98M
Gross Profit377.45M193.94M353.77M378.27M645.52M384.65M289.78M231.62M479.06M222.57M630.07M
Gross Margin33.84%27.28%35.77%36.06%44.95%59.40%47.50%40.36%46.65%21.67%51.64%
Operating Expense436.08M292.35M385.05M423.87M410.31M320.14M455.51M504.66M820.31M445.57M778.33M
Operating Income-58.63M-98.41M-31.28M-45.60M235.21M64.51M-165.74M-273.04M-341.24M-223.00M-148.26M
Operating Margin-5.26%-13.84%-3.16%-4.35%16.38%9.96%-27.17%-47.58%-33.23%-21.72%-12.15%
EBITDA43.85M-20.43M95.27M94.91M400.13M185.75M-43.05M378.81M-23.86M81.47M464.17M
EBITDA Margin3.93%-2.87%9.63%9.05%27.86%28.69%-7.06%66.01%-2.32%7.93%38.05%
Net Income-77.29M-108.55M6.90M-8.22M181.73M-148.15M-194.40M502.77M-200.65M-200.65M33.41M
Net Income Margin-6.93%-15.27%0.70%-0.78%12.66%-22.88%-31.87%87.62%-19.54%-19.54%2.74%
Interest Expense-1.93M12.15M5.59M36.56M20.22M20.42M116.04M79.87M79.87M70.55M
Interest Expense % of Total Revenue-0.27%1.23%0.53%2.55%3.12%3.35%20.22%7.78%7.78%5.78%

Balance Sheet

Currency: USD2016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets3.54B3.71B3.29B3.32B3.73B5.29B5.52B4.97B4.79B4.79B4.43B
Total Liabilities614.82M1.21B721.47M662.29M844.77M2.97B3.36B2.39B2.37B2.37B2.20B
Total Equity2.59B2.41B2.48B2.57B2.86B2.17B1.96B2.58B2.42B2.42B2.23B
Cash1.44B1.24B1.23B1.08B906.55M1.52B747.31M131.97M559.76M559.76M521.26M
Total Debt-105.43M105.70M54.60M261.16M2.01B1.09B1.32B1.52B1.52B961.46M
Net Debt-1.44B-1.13B-1.12B-1.03B-645.39M494.59M339.19M1.19B958.99M958.99M440.19M

Cash Flow

Currency: USD2016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow125.78M96.31M144.38M101.40M96.03M-289.48M141.34M153.59M-19.66M-19.66M243.35M
Investing Cash Flow-115.69M-260.06M-169.62M-237.74M-394.53M-123.18M-804.16M-653.92M-45.18M-45.18M-3.90M
Financing Cash Flow1.42B-38.63M15.36M-8.62M122.94M633.33M-30.39M85.54M209.73M209.73M-233.34M
Capital Expenditure041.83M187.36M193.68M452.43M452.15M805.22M1.18B289.75M289.75M52.35M
Free Cash Flow125.78M54.48M-42.98M-92.28M-356.39M-741.63M-663.88M-1.02B-309.41M-309.41M191.00M
Dividends Paid----1.77M1.77M2.26M121.51M121.51M-0
FCF to OCF100.00%56.57%-29.77%-91.00%-371.12%256.20%-469.71%-665.03%1573.97%1573.97%78.49%
Dividend Paid to FCF-----0.50%-0.24%-0.34%-11.90%-39.27%-0.00%

Earnings

Report DateMay 18, 2020Aug 14, 2020Nov 16, 2020Feb 12, 2021May 7, 2021Aug 23, 2021Nov 9, 2021Feb 9, 2022May 9, 2022Aug 19, 2022Nov 9, 2022Feb 9, 2023May 10, 2023Aug 22, 2023Nov 8, 2023Feb 5, 2024May 10, 2024Aug 14, 2024Nov 6, 2024Mar 3, 2025May 8, 2025Aug 11, 2025Nov 4, 2025Feb 12, 2026May 5, 2026Jul 30, 2026Nov 3, 2026
EPS Estimate-2.40-4.17-3.67-3.86-4.38-3.20-1.191.170.29-0.47-0.960.81-0.70-0.591.98-0.010.51-1.52-3.19-1.97-2.16-1.41-1.87-0.19-0.44-1.52-1.72
EPS Actual-1.33-4.53-2.84-5.08-3.26-4.85-1.040.28-0.10-2.38-0.782.380.1010.211.82-1.35-0.87-1.69-2.95-1.57-1.603.73-1.121.550.14-1.07-
Surprise44.58%-8.63%22.62%-31.61%25.57%-51.56%12.61%-76.07%-134.48%-406.38%18.75%193.83%114.29%1830.51%-8.08%-13400.00%-270.59%-11.18%7.54%20.30%25.93%364.54%40.11%915.79%131.82%29.61%-
TimingPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap4.05B
Enterprise Value5.24B
Trailing P/E0.00
Forward P/E28.41
Price / Sales2.99
Price / Book2.19
EPS-2.69
Book Value62.04
Revenue (TTM)1.36B
Gross Profit (TTM)742.28M
EBITDA254.38M
Profit Margin-5.66%
Operating Margin-19.55%
Return on Equity-3.10%
Return on Assets-1.25%
Shares Outstanding29.05M
Shares Float24.70M
Beta1.60
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 13 analystsTarget 165.46
  • Strong Buy
    7
  • Buy
    4
  • Hold
    2

Ownership Breakdown

Institutions
136.26%
Insiders
6.72%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.08M11.36%
  • Jericho Capital Asset Management LP
    2.61M7.26%
  • Morgan Stanley - Brokerage Accounts
    2.47M6.89%
  • Ariel Investments, LLC
    1.67M4.64%
  • Vanguard Portfolio Management, LLC
    1.52M4.22%
  • Sands Capital Management, LLC
    1.36M3.78%
  • Vanguard Capital Management, LLC
    1.18M3.30%
  • State Street Corp
    1.08M3.01%
  • FMR Inc
    968.99K2.70%
  • Ameriprise Financial Inc
    904.01K2.52%
  • Dimensional Fund Advisors, Inc.
    891.80K2.48%
  • Assenagon Asset Management SA
    813.75K2.27%
  • Geode Capital Management, LLC
    785.00K2.19%
  • Gamco Investors, Inc. Et Al
    765.91K2.13%
  • Gilder Gagnon Howe & CO LLC
    557.74K1.55%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.61M4.48%
  • Vanguard MStar Total Stk Mkt Idx Invest
    828.52K2.31%
  • iShares Russell 2000 ETF
    724.54K2.02%
  • Columbia Small Cap Growth Inst
    609.30K1.70%
  • Vanguard Small Cap Index
    588.77K1.64%

Stock Splits

  • Apr 21, 20232165:1000