Inferra AI / Company / SPHR
Sphere Entertainment Co.
SPHR · Industrials
Last earnings Jul 30, 2026
Key results
Revenuequarter
$282.7 million
For the three months ended June 30, 2025, the Company reported revenues of $282.7 million, an increase of $9.3 million, or 3%, as compared to the prior year quarter.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Adjusted operating incomequarter
$61.5 million
In addition, the Company reported an operating loss of $50.2 million, an improvement of $21.2 million, and adjusted operating income of $61.5 million, an increase of $35.8 million, both as compared to the prior year quarter.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
1 Sphere For the three months ended June 30, 2025, the Sphere segment generated revenues of $175.6 million, an increase of $24.4 million, or 16%, as compared to the prior year quarter.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Operating incomequarter
$24.9 million
operating income of $24.9 million increased $30.4 million, both as compared to the prior year quarter, primarily reflecting the increase in revenues and lower selling, general and administrative expenses, partially offset by higher direct operating expenses.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
MSG Networks For the three months ended June 30, 2025, the MSG Networks segment generated total revenues of $107.1 million, a decrease of $15.1 million, or 12%, as compared to the prior year quarter.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
AI analysis
Q2 2025 · reported Aug 11, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $282.7 million | — | — |
| Adjusted operating income | $61.5 million | — | — |
| Operating income | $24.9 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
The restructuring included, among other things (i) MSG Networks $804 million term loan being replaced with a new $210 million term loan facility and (ii) MSG Networks making a cash payment of $80 million to the lenders upon closing, comprised of $65 million from MSG Networks and a $15 million capital contribution from the Company.
The new term loan continues to be non-recourse to Sphere Entertainment Co.
Event summary
REPORTS SECOND QUARTER 2025 RESULTS NEW
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
The restructuring included, among other things (i) MSG Networks $804 million term loan being replaced with a new $210 million term loan facility and (ii) MSG Networks making a cash payment of $80 million to the lenders upon closing, comprised of $65 million from MSG Networks and a $15 million capital contribution from the Company.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
The new term loan continues to be non-recourse to Sphere Entertainment Co.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
For the three months ended June 30, 2025, the Company recorded a gain on extinguishment of debt of $346.1 million, reflecting the net impact of the restructuring.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
We eliminate merger, debt work-out and acquisition-related costs, including merger related litigation expenses, net of insurance recoveries, when applicable, because the Company does not consider such costs to be indicative of the ongoing operating performance of the Company as they result from an event that is of a non-recurring nature, thereby enhancing comparability.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Merger, debt work-out, and acquisition-related costs, including merger-related litigation expenses, net of insurance recoveries.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
This adjustment eliminates costs related to mergers, debt work-outs and acquisitions, including litigation expenses.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Strategy & priorities
Dolan said, We continue to execute our strategic priorities to drive long-term profitable growth for our Sphere business.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
At the same time, we have been making progress with our expansion plans and remain confident in the global opportunity ahead.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
The Company is focused on creating a global network of Spheres.
SEC original ↗Sphere Entertainment Co. — 10-Q Quarterly report10-QJul 30, 2026
Summary of Significant Accounting Policies, Production Costs for the Company s Original Immersive Productions, to the Audited Consolidated Financial Statements included in the Form 10-K for further explanation of the monetization strategy.
SEC original ↗Sphere Entertainment Co. — 10-Q Quarterly report10-QJul 30, 2026
Risks & headwinds
The increase was primarily due to higher advertising and marketing costs of $6.0 million and higher professional fees of $5.5 million, mainly due to the absence of litigation-related insurance recoveries recognized in the prior year quarter.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
We eliminate merger, debt work-out and acquisition-related costs, including merger related litigation expenses, net of insurance recoveries, when applicable, because the Company does not consider such costs to be indicative of the ongoing operating performance of the Company as they result from an event that is of a non-recurring nature, thereby enhancing comparability.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the factors described in the Company s filings with the Securities and Exchange Commission, including the sections titled Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations contained therein.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Merger, debt work-out, and acquisition-related costs, including merger-related litigation expenses, net of insurance recoveries.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
This adjustment eliminates costs related to mergers, debt work-outs and acquisitions, including litigation expenses.
SEC original ↗Sphere Entertainment Co. — Earnings release (8-K exhibit)EX-99Aug 11, 2025
Legal Proceedings 53 Item 2.
SEC original ↗Sphere Entertainment Co. — 10-Q Quarterly report10-QJul 30, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 8-KSPHR
Jul 30, 2026
- 10-QSPHR
Jul 30, 2026
- Q1 2026
- 8-KSPHR
Jun 12, 2026
- 8-KSPHR
- 10-QSPHR
- Q4 2025
- 8-KSPHR
Feb 12, 2026
- 10-KSPHR
Feb 12, 2026
- 8-KSPHR
- Q3 2025
- 8-KSPHR
Nov 21, 2025
- 8-KSPHR
- 10-QSPHR
- Q2 2025
- 8-KSPHR
Sep 26, 2025
- 8-KSPHR
- 10-QSPHR
Aug 11, 2025
- 8-KSPHR
Aug 11, 2025
- 8-KSPHR
Jul 28, 2025
- Q1 2025
- 8-KSPHR
Jun 27, 2025
- 8-KSPHR
- 8-KSPHR
- 10-QSPHR
- 8-KSPHR
Apr 25, 2025
- 8-KSPHR
Apr 22, 2025
- 8-KSPHR
- 8-KSPHR
- Q4 2024
- 8-KSPHR
Mar 28, 2025
- 8-KSPHR
Mar 27, 2025
- 8-KSPHR
- 8-KSPHR
- 8-KSPHR
- 8-KSPHR
Earnings releases
7 documentsPresentations
0 documentsNo presentations for Sphere Entertainment Co. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Sphere Entertainment Co. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Sphere Entertainment Co. by name or ticker. A mention is counted once per document, from the document text the library holds.
Madison Square Garden Entertainment Corp. (MSGE)
“lass A common stock, bringing total share repurchases since the Company was spun off from Sphere Entertainment Co. in 2023 to approximately $205 million.…”
See also the earnings calendar for every tracked company’s next earnings date.