profit from every $100 of sales.
$0$100
Sphere Entertainment
$125.56+1.54% today
+61.5% in 1 year
1-year low $74.861-year high $176.38
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $563.34 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Sphere Entertainment sold, what it kept, and what it did with the cash.
Sales went from $610 million in 2022 to $1.22 billion in 2025, with $8.09 million of profit last year.
SalesProfit
Sphere Entertainment handed back 26% of the cash it generated last year.
Buybacks $50M
Free cash flow 2025$191M
Bought back its own shares$50M
Paid as dividends$0
Cash vs. debt$508M vs. $961M
Sphere Entertainment vs. similar companies
Sphere Entertainment grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Sphere Entertainment | 563.3× · Very expensive | ||
 Netflix | 23.2× · Fair price | ||
 Disney | 16.6× · Fair price | ||
 Warner Bros. Discovery | 106.7× · Very expensive | ||
 Live Nation Entertainment | 84.8× · Very expensive |
AI analysis
An AI analyst reads Sphere Entertainment's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,436 | 648 | 610 | 574 | 1,027 | 1,220 | |
| – | – | 290 | 232 | 479 | 630 | |
| – | – | -153 | -251 | -210 | -148 | |
| – | – | -43 | 379 | -24 | 464 | |
| 182 | -148 | -194 | 503 | -201 | 8 | |
| 5.20 | -4.59 | -5.77 | 14.40 | -5.68 | 0.18 | |
| – | – | 47.5% | 40.4% | 46.7% | 51.6% | |
| – | – | -25.0% | -43.8% | -20.5% | -12.2% | |
| 12.7% | -22.9% | -31.9% | 87.6% | -19.5% | 0.7% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 3,734 | 5,290 | 5,522 | 4,973 | 4,788 | 4,123 |
| Cash | 1,103 | 1,517 | 747 | 132 | 560 | 508 |
| Total debt | 261 | 2,012 | 1,087 | 1,321 | 1,519 | 961 |
| Total liabilities | 845 | 2,972 | 3,363 | 2,389 | 2,372 | 1,977 |
| 2,300 | 2,180 | 1,963 | 2,584 | 2,416 | 2,233 | |
| 35 | 34 | 34 | 35 | 35 | 45 | |
| – | – | -4.3% | 5.6% | -5.6% | 3.2% | |
| 7.9% | -6.8% | -9.9% | 19.5% | -8.3% | 0.4% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 308 | -59 | 141 | 154 | -20 | 243 | |
| – | – | 805 | 1,175 | 290 | 52 | |
| – | – | -664 | -1,021 | -309 | 191 | |
| Dividends paid | – | – | 2 | 122 | 0 | 0 |
| 294 | 0 | 0 | 0 | 0 | 50 | |
| 61 | 71 | 77 | 63 | 48 | 59 |
Valuation
- 563.3×
- –
- –
- 2.1×
- 3.7×
- 23.9×
- 10.8×
- 4.2%
- 0.2%
- 0.0%
Profitability
- 51.6%
- -12.2%
- 0.7%
- 41.6%
- -3.0%
- -1.4%
- 5.4%
- 2.8%
- -4.0%
- –
Growth
- −3.2%
- −49.0%
- +0.0%
- –
- +10.3%
Financial health
- 0.6×
- 0.42
- 22.2%
- -2.7×
- 1.22
- 1.22
- 0.31
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 7%of 436
Bottom 4%of 438
Bottom 12%of 440
Bottom 39%of 440
What analysts expect
- Average price target
- $121.67
- Range
- $100.00 – $150.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.01 | -0.31 | +103.2% |
| Feb 12, 2026 | 1.23 | -0.12 | +1,125.0% |
| Nov 4, 2025 | -1.37 | -1.62 | +15.4% |
| Aug 11, 2025 | -2.71 | -1.57 | −72.6% |
| May 8, 2025 | -2.27 | -2.48 | +8.5% |
| Mar 3, 2025 | -3.49 | -2.15 | −62.3% |
| Nov 12, 2024 | -2.95 | -2.76 | −6.9% |
| Aug 14, 2024 | -2.00 | -2.47 | +19.0% |
News
Sphere Entertainment’s (SPHR) Growth Continues, Though the Path is UnevenYahoo Finance · Nov 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
33No pass
Benjamin Graham
35No pass
Philip Fisher
27No pass
Peter Lynch
17No pass
Joel Greenblatt
0No pass
Charlie Munger
30No pass
Terry Smith
34No pass
Questions about Sphere Entertainment
Is Sphere Entertainment a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Sphere Entertainment AI analysis
What does Sphere Entertainment do?
Sphere Entertainment Co. engages in the entertainment business. It is in Entertainment, based in New York, NY, United States, with 1,100 employees.
Does Sphere Entertainment pay a dividend?
No. Sphere Entertainment does not pay a dividend at the moment; in 2025 it returned $50.0 million to shareholders by buying back its own shares.
Is Sphere Entertainment stock halal?
Yes. Sphere Entertainment passes our halal screen: its business is permitted and its debt is 21% of its market value, under the 30% limit. How we check
How has Sphere Entertainment stock done over the past year?
Up 61.5% over the past twelve months, to $125.56. It traded between $74.86 and $176.38 and is 28.8% below its high.
Who are Sphere Entertainment's competitors?
The largest listed companies in the same industry are Netflix, Disney, Warner Bros. Discovery and Live Nation Entertainment. The peers table on this page compares their profit, growth and price with Sphere Entertainment's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.