Sphere Entertainment Co. (SPHR)
NYSE:SPHR
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SPHR Stock Chart & Stats
$135.67
-$1.16(-2.77%)
At close: 4:00 PM EST
$135.67
-$1.16(-2.77%)
Day’s Range― - ―
52-Week Range$37.89 - $154.57
Previous CloseN/A
Volume97.48K
Average Volume (3M)734.01K
Market Cap
$5.40B
Enterprise Value$5.29B
Total Cash (Recent Filing)$630.15M
Total Debt (Recent Filing)$938.37M
Price to Earnings (P/E)45.9
Beta1.68
Next Earnings
Aug 17, 2026EPS Estimate
-1.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.15
Shares Outstanding28,925,450
10 Day Avg. Volume762,304
30 Day Avg. Volume734,014
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.62
Price to Sales (P/S)1.46
P/FCF Ratio-4.84
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue3.99
Enterprise Value/Gross Profit8.27
Enterprise Value/Ebitda9.66
Forecast
1Y Price Target
$161.78Price Target Upside19.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)-2.44
Revenue Forecast (FY)$1.37B
Bulls Say, Bears Say
Bulls Say
Strong Free Cash Flow GenerationTTM free cash flow of $333M and a ~75% jump signal the company can self-fund operations and capital cycles more reliably than in prior years. Durable positive FCF improves flexibility for reinvestment, debt reduction, and strategic programming at venues over the next several quarters.
Improving Revenue And MarginsRevenue growth with materially improved gross and positive net margins points to stronger underlying unit economics for events and content monetization. Sustained margins support long-term profitability as scale in venue operations and premium offerings continues to leverage fixed costs.
More Conservative Leverage ProfileA debt-to-equity of ~0.42 and meaningful reduction versus prior years indicate improved balance sheet resilience. Lower leverage enhances capacity to absorb event seasonality and fund new initiatives without forcing dilutive financing, supporting durable operational continuity.
Bears Say
Historic Cash Flow VolatilityDespite recent FCF strength, a history of negative operating and free cash flow in multiple annual periods shows sensitivity to timing, investment cycles and working capital. This uneven track record raises execution risk for sustaining cash generation across future event cycles.
Earnings Instability And Non-recurring ItemsSignificant swings in annual profitability, including non-recurring large gains and multi-year losses, undermine confidence that current margins and net income are structural. Reliance on episodic events or one-time items could reverse reported profitability when those items normalize.
Concentrated Shareholder ControlDecisive Class B control creates governance concentration risk where strategic choices may reflect majority-class priorities. Over time this can limit minority shareholder protections and constrain independent oversight of executive strategy or capital allocation decisions.
Sphere Entertainment News
SPHR FAQ
What was Sphere Entertainment Co.’s price range in the past 12 months?
Sphere Entertainment Co. lowest stock price was $37.89 and its highest was $154.57 in the past 12 months.
What is Sphere Entertainment Co.’s market cap?
Sphere Entertainment Co.’s market cap is $5.40B.
When is Sphere Entertainment Co.’s upcoming earnings report date?
Sphere Entertainment Co.’s upcoming earnings report date is Aug 17, 2026 which is in 64 days.
How were Sphere Entertainment Co.’s earnings last quarter?
Sphere Entertainment Co. released its earnings results on Sep 30, 2025. The company reported -$0.04 earnings per share for the quarter, beating the consensus estimate of -$0.449 by $0.409.
Is Sphere Entertainment Co. overvalued?
According to Wall Street analysts Sphere Entertainment Co.’s price is currently Undervalued.
Does Sphere Entertainment Co. pay dividends?
Sphere Entertainment Co. does not currently pay dividends.
What is Sphere Entertainment Co.’s EPS estimate?
Sphere Entertainment Co.’s EPS estimate is -1.39.
How many shares outstanding does Sphere Entertainment Co. have?
Sphere Entertainment Co. has 28,925,450 shares outstanding.
What happened to Sphere Entertainment Co.’s price movement after its last earnings report?
Sphere Entertainment Co. reported an EPS of -$0.04 in its last earnings report, beating expectations of -$0.449. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Sphere Entertainment Co.?
Currently, no hedge funds are holding shares in SPHR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Sphere Entertainment Stock Smart Score
Outperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$161.78 (19.24% Upside)
$161.78 (19.24% Upside)
Blogger Sentiment
Bullish
SPHR Sentiment 70%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 868.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.7%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
290.84%
12-Months-Change
Fundamentals
Return on Equity
5.36%
Trailing 12-Months
Asset Growth
-5.06%
Trailing 12-Months
Company Description
Sphere Entertainment Co.
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 occasions, alongside a variety of athletic competitions. Its sports programming includes professional boxing, collegiate basketball and hockey, professional bull riding, mixed martial arts, esports tournaments, and wrestling matches. These events are primarily hosted across its esteemed venues such as The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City, as well as The Chicago Theatre. Furthermore, Sphere Entertainment manages a substantial network of 70 entertainment, dining, and nightlife establishments, which are distributed across 20 global markets on five continents under renowned brands like Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia. The company also oversees the creation and operation of a leading music festival in New England. A highlight of its offerings is the iconic Radio City Rockettes, who are central to the celebrated Christmas Spectacular held annually at Radio City Music Hall. Previously known as Madison Square Garden Entertainment Corp., the organization adopted its current name, Sphere Entertainment Co., in April 2023. Established in 2006, the company maintains its headquarters in New York, New York.
SPHR Stock 12 Month Forecast
Average Price Target
$161.78
▲(19.24% Upside)
Technical Analysis
Cinemark Holdings
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IMAX
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Iqiyi
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Lionsgate Studios
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Madison Square Garden Entertainment Corp.
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Ownership Overview
4.88% Insiders
23.18% Mutual Funds
46.33% Other Institutional Investors
0.10% Public Companies and
Individual Investors