Sphere Entertainment Co.
For the period ended Nov 5, 2026. Filed Nov 5, 2026.
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Nov 5, 2026 · Filed Nov 5, 2026
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SPHR$120.02+6.8%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $274,260 | $262,511 | $974,311 | $825,762 |
| Operating expenses: | ||||
| Direct operating expenses | 143,091 | 136,984 | 463,801 | 426,625 |
| Selling, general, and administrative expenses | 108,347 | 99,692 | 369,257 | 326,984 |
| Depreciation and amortization | 83,374 | 84,102 | 252,049 | 252,238 |
| Impairments and other losses, net | 177,553 | 98,844 | 177,632 | 103,006 |
| Restructuring charges | 2,466 | 5,993 | 6,203 | 8,781 |
| Operating loss | (240,571) | (163,104) | (294,631) | (291,872) |
| Other income (expense): | ||||
| (Loss) gain on extinguishment of debt | — | — | (2,071) | 346,092 |
| Interest income | 4,851 | 2,737 | 13,588 | 10,699 |
| Interest expense | (8,011) | (9,399) | (24,323) | (61,467) |
| Other expense, net | (1,131) | (328) | (3,059) | (2,068) |
| (Loss) income from continuing operations before income taxes | (244,862) | (170,094) | (310,496) | 1,384 |
| Income tax benefit (expense) | 68,824 | 44,412 | 100,591 | (57,204) |
| Net loss | (176,038) | (125,682) | (209,905) | (55,820) |
| Less: Net income attributable to participating securities | — | — | 6,514 | — |
| Net loss attributable to Sphere Entertainment Co.’s stockholders | $(176,038) | $(125,682) | $(216,419) | $(55,820) |
| Basic loss per common share attributable to Sphere Entertainment Co.’s stockholders | $(4.84) | $(3.47) | $(5.99) | $(1.54) |
| Diluted loss per common share attributable to Sphere Entertainment Co.’s stockholders | $(4.84) | $(3.47) | $(5.99) | $(1.54) |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 36,336 | 36,200 | 36,123 | 36,197 |
| Diluted | 36,336 | 36,200 | 36,123 | 36,197 |
Note: Certain prior period financials have been revised for corrections of immaterial errors related to historical goodwill impairment charges at MSG Networks. See “Exhibit A” in this earnings release for additional information.
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