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Sphere Entertainment (SPHR) AI Stock Analysis
Sphere Entertainment
(NYSE:SPHR)
The score is held back primarily by weak technicals (price below major moving averages with negative MACD) and limited valuation support (negative P/E and no dividend yield). Financial performance is a relative positive due to the 2026 profitability and cash-flow rebound plus improved leverage, but revenue decline and historical volatility keep the overall score below average.
Sphere Entertainment (SPHR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $3.77B
- Dividend Yield
- ―
- Average Volume (3M)
- 776.13K
- Price to Earnings (P/E)
- -45.8
- Beta (1Y)
- 1.55
- Revenue Growth
- 17.17%
- EPS Growth
- -187.98%
- Country
- US
- Employees
- 2,200
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Entertainment
Sphere Entertainment Business Overview & Revenue Model
Company Description
Sphere Entertainment Co. is a prominent player in the entertainment sector, specializing in orchestrating, staging, and hosting a diverse array of live events. This encompasses musical concerts, family-oriented productions, and unique special occasio...
How the Company Makes Money
Sphere Entertainment primarily generates revenue from operating its Sphere venue through multiple, venue-driven monetization channels. Key revenue streams include: (1) Ticketing and event-related revenue: income from selling tickets to events held at...
Sphere Entertainment Earnings Call Summary
The call was predominantly positive, with strong Sphere revenue and adjusted operating income growth, nearly 3.6 million Wizard of Oz tickets sold, expanding sponsorship momentum, progress on Abu Dhabi and National Harbor, and an ambitious global venue pipeline. These positives outweighed declines at MSG Networks, higher expenses, seasonal summer softness and the stated design-related expansion bottleneck.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Sphere’s Abu Dhabi construction is expected to be completed by the end of 2029, while Sphere at National Harbor could be open in under 4 years, with an agreement for third-party financing expected in the near term in addition to $200 million in state, local and private incentives. Rocky Horror Picture Show at Sphere is expected to debut in 2027, the new version of Wizard of Oz is hoped for sometime in September, and Rocky Horror is expected in March; management estimated 3 to 4 Sphere experiences by the end of ’27, said the company has capacity to develop 5 to 6 spheres simultaneously and that its team could take on another 2, 3, 4 over the coming 1.5 years, with a goal to have 5 spheres opened in 5-plus years and another 5 that are under construction. Management said another expansion announcement is very possible this year and, if not by the end of this year, certainly by the first quarter, while the Exosphere and sponsorship business is expected to remain a true growth driver in the next few quarters as well as into next year, with the company on track in growth for ’26 and good potential of pipeline deals for ’27.
Sphere Entertainment Financial Statement Overview
Summary
Financials show a meaningful 2026 turnaround (positive net income, strong gross and EBITDA margins) alongside improved leverage and positive operating/free cash flow. Offsetting this, revenue declined (~8% in 2026) and results have been historically volatile, reducing confidence that the recovery is consistently repeatable.
Income Statement
54NeutralBalance Sheet
66PositiveCash Flow
58Neutral| Breakdown | TTM | Jun 2026 | Dec 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.33B | 1.22B | 1.03B | 1.03B | 573.83M | 610.05M |
| Gross Profit | 724.58M | 630.07M | 222.57M | 479.06M | 231.62M | 289.78M |
| EBITDA | 548.04M | 464.17M | 81.47M | -23.86M | 378.81M | -43.05M |
| Net Income | 119.82M | 33.41M | -200.65M | -200.65M | 502.77M | -194.40M |
Balance Sheet | ||||||
| Total Assets | 4.22B | 4.43B | 4.79B | 4.79B | 4.97B | 5.52B |
| Cash, Cash Equivalents and Short-Term Investments | 630.15M | 521.26M | 559.76M | 559.76M | 131.97M | 747.31M |
| Total Debt | 938.37M | 961.46M | 1.52B | 1.52B | 1.32B | 1.09B |
| Total Liabilities | 1.97B | 2.20B | 2.37B | 2.37B | 2.39B | 3.36B |
| Stockholders Equity | 2.25B | 2.23B | 2.42B | 2.42B | 2.58B | 1.96B |
Cash Flow | ||||||
| Free Cash Flow | 333.50M | 191.00M | -309.41M | -309.41M | -1.02B | -663.88M |
| Operating Cash Flow | 373.24M | 243.35M | -19.66M | -19.66M | 153.59M | 141.34M |
| Investing Cash Flow | 8.66M | -3.90M | -45.18M | -45.18M | -653.92M | -804.16M |
| Financing Cash Flow | -229.30M | -233.34M | 209.73M | 209.73M | 85.54M | -30.39M |
Sphere Entertainment Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPHR, the sentiment is Negative. The current price of 105.05 is below the 20-day moving average (MA) of 108.24, below the 50-day MA of 127.93, and below the 200-day MA of 130.56, indicating a bearish trend. The MACD of -5.08 indicates Negative momentum. The RSI at 37.46 is Neutral, neither overbought nor oversold. The STOCH value of 44.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPHR.
Sphere Entertainment Risk Analysis
Sphere Entertainment disclosed 60 risk factors in its most recent earnings report. Sphere Entertainment reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksSphere Entertainment Peers Comparison
Overall Rating
MSGE76Outperform
IMAX74Outperform
LYV70Outperform
CNK66Neutral
AMC60Neutral- SPHR48Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| MSGE | 76Outperform | $3.81B | 57.12 | 5.95% | ― | 12.52% | 82.30% |
| IMAX | 74Outperform | $2.78B | 66.41 | 11.87% | ― | 14.79% | 22.14% |
| LYV | 70Outperform | $41.92B | -161.04 | 73.28% | ― | 10.75% | -146.20% |
| CNK | 66Neutral | $4.54B | 20.85 | 26.76% | 0.93% | 4.54% | -23.98% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| AMC | 60Neutral | $2.73B | -3.00 | 31.43% | ― | 6.41% | -19.34% |
| SPHR | 48Neutral | $3.92B | -45.85 | -3.17% | ― | 17.17% | -187.98% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SPHR | Sphere Entertainment Co. | 105.05 | 31.62 | 43.06% | |
| CNK | Cinemark | 38.51 | 10.07 | 35.40% | |
| IMAX | IMAX Corporation | 50.49 | 16.93 | 50.45% | |
| LYV | Live Nation Entertainment | 178.87 | 44.08 | 32.70% | |
| AMC | AMC Entertainment Holdings | 3.28 | 0.78 | 31.20% | |
| MSGE | Madison Square Garden Entertainment Corp. | 79.50 | 34.96 | 78.49% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 06, 2026